Domestic price trend:

According to statistics, in December, the domestic p-xylene ex factory price trend was temporarily stable. At the beginning of the month, the domestic price was 4300 yuan / ton. At the end of the month, the domestic PX market price was 4300 yuan / ton. The price trend was stable, with a year-on-year decline of 35.82%. The PX external price rose. The domestic PX market had a high degree of external dependence, and the higher external price had a certain positive impact on the domestic price.

In December, the price trend of domestic p-xylene market was temporarily stable. The domestic PX operation rate was about 60%. The 600000 ton new plant of Sinochem Hongrun Petrochemical was put into operation. The Yangzi Petrochemical plant operated stably. The Fuhai Chuang plant started one line. The Pengzhou petrochemical plant operated stably. The Yangzi Petrochemical Plant operated normally. The Jinling Petrochemical plant operated smoothly. The Qingdao Lidong plant operated at full load The petrochemical plant in Urumqi started at about 50%. The domestic supply and demand of p-xylene are normal, and the price trend of p-xylene is temporarily stable. The international crude oil price rose in December, while the PX external price rose. As of the 25th, the closing price in Asia was US $601-591 / T FOB South Korea and US $619-621 / T CFR China. Recently, the PX unit in Asia has been operating stably. As a whole, the operation rate of PX unit in Asia is about 60%, and the supply of PX in Asia is normal. The PX external closing price in December rose mainly, while the domestic PX unit is second The price trend of toluene market is temporarily stable.

With the recovery of foreign economy, the price of WTI crude oil futures market in the United States rose at the end of December, with the settlement price of the main contract at US $48.23/barrel. The price of Brent crude oil futures market rose, with the settlement price of the main contract at US $51.34/barrel. The international oil price closed higher, mainly due to the interest rate impact of the post brexit trade agreement signed between the United Kingdom and the European Union, which led to the rise of crude oil price and the price of p-xylene The trend is temporarily stable.

In December, the price trend of downstream PTA market rose sharply, and the domestic PTA spot market rose. By the end of the month, the average price of PTA market was about 3700 yuan / ton, and the PTA price rose by 9.73% in December. PTA supply continued to be at a high level. Due to the limited maintenance efforts, the operation rate of domestic PTA plant continued to maintain about 90% in the first half of December. With the maintenance of 4.5 million tons PTA plant in Fuhai, the operation rate of PTA industry dropped to around 85% by December 25. The domestic textile market is getting better. The downstream weaving market has a large number of orders, but the stamina is insufficient. The turnover of winter fabrics has declined month on month. The spring fabric orders are relatively limited, and the power on rate has been reduced to 76%. The price of PTA in the downstream has risen sharply, which has a certain positive support for the price of the upstream PX market, and the price trend of PX market is temporarily stable.

Chen Ling, PX analyst of business news agency, believes that the crude oil shock is near the 10 month high, and the cost support still exists. In addition, the off-season characteristics of demand terminal textile are gradually highlighted, and the supply and demand side of PTA is lack of good. PTA market is facing the risk of decline, but the PTA market price is at a high level, and it is expected that the market price of p-xylene will rise in January.