On November 18, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from 102.40 (2013-02-28), the highest point in the cycle, and up 19.43% from 45.55, the lowest point on February 15, 2016. (Note: cycle refers to 2013-02-01 to now).

According to statistics, on the 18th, the domestic market price trend of p-xylene was temporarily stable, the operation of new 600000 ton plant in Hongrun was stable, the operation of petrochemical plant in Pengzhou was stable, 50% of petrochemical plant in Urumqi was started, one line of aromatics plant in Fuhai Chuang was started, CNOOC Huizhou refining and chemical plant was overhauled, the PX plant in Hengli Petrochemical was put into operation, and other units were temporarily stable. As the new plant was put into operation, domestic The market supply of xylene is normal, and the market price trend of p-xylene is stable temporarily. The operating rate of PX plant in Asia is about 80%. On November 15, the closing price of p-xylene market in Asia dropped by 6 US dollars / ton, and the closing price was 767-769 US dollars / ton fob in South Korea and 787-789 US dollars / ton CFR in China. Over 50% of domestic products need to be imported. The decline of external market price has a certain negative impact on the domestic market price of p-xylene, but the domestic market price trend is temporarily stable.

WTI crude oil futures rose on November 15 to $57.72 a barrel, or $0.95 a barrel, while Brent crude oil futures rose to $63.30 a barrel. The International Energy Agency said the global oil market could remain “calm” next year, as surging production outside OPEC and high inventories make it easy for consumers to get supplies, the agency said in its monthly report Oil suppliers outside OPEC – driven by the United States, Brazil, Norway and Guyana – will increase their supply by 2.3 million barrels a day by 2020, almost double the increase in global oil demand, according to the report. Crude oil production is expected to increase by about 100000 barrels a day from last month. Crude oil prices rose and domestic p-xylene prices were stable. In recent years, the textile industry market has been volatile, the PTA Market operating rate has declined, and the PTA price trend has continued to decline. The average price of the offer in East China is about 4700-4800 yuan / ton. As of the 15th day, the domestic PTA operating rate is about 88%, and the polyester industry operating rate is about 87.5%. Due to the sufficient supply in PTA field, the transaction atmosphere is general, and the purchase is dominated by traders, followed by sporadic polyester factories, which are affected by the original oil price The price of PTA in the downstream market remains low due to grid shock. It is expected that the PX market price will maintain 6800 yuan / ton in the short term.