It can be seen from the trend chart of p-xylene that the price trend of this week is declining. As of the end of the week, the domestic ex factory price of p-xylene was 9000 yuan / ton, down 5.76% from the price of 9550 yuan / ton at the beginning of the week, up 23.29% year on year.

Recently, domestic paraxylene supply is normal, domestic PX operation rate is about 70%, Sinochem Hongrun petrochemical 600000t unit operates stably, Yangzi petrochemical unit operates stably, Pengzhou petrochemical unit operates stably, Yangzi Petrochemical PX unit operates normally, Jinling Petrochemical unit operates stably, Qingdao Lidong unit operates at full load, Qilu petrochemical unit operates stably, and Urumqi petrochemical unit operates at about 50%, The domestic supply of p-xylene is relatively normal, and the recent supply of overseas units is relatively normal. This week, the crude oil price trend is down, and the domestic p-xylene price trend is down. This week, the price of PX outside the market has dropped. As of April 4, the closing price in Asia was US $1045-1047 / T FOB Korea and US $1063-1065 / T CFR China. Recently, the operating rate of PX devices in Asia has remained low. The export of PX sources in Asia to Europe and America has increased, and the export of PX to China has decreased. However, the closing price of PX outside the market has declined, and the domestic market price of paraxylene has declined.

This week, the crude oil price trend dropped. The settlement price of the main contract of WTI crude oil futures in the United States was US $88.54/barrel, and the settlement price of the main contract of Brent crude oil futures was US $94.12/barrel. The international oil price fell to the lowest point since the end of February. With the release of the commercial crude oil inventory data by the US Energy Information Administration (EIA), both crude oil and gasoline unexpectedly surged; In addition, the meeting of the organization of Petroleum Exporting Countries and its allies (OPEC +) was held, and the production target was raised, and the oil price began to decline further. US crude oil inventories unexpectedly increased last week due to the decline in exports and the decline in crude oil processing capacity of US refineries. The data also showed that the gasoline inventory in the United States also increased unexpectedly last week. Due to the slowdown of demand, the distillate oil inventory decreased. On the whole, the crude oil price trend this week declined, and the domestic p-xylene market price fell due to the drop of crude oil price.

This week, the price trend of downstream PTA market dropped sharply. As of the 5th, the average price of PTA market was 5800-5900 yuan / ton. The PTA market continues to decline. In terms of its own supply, the domestic PTA industry’s operating rate has dropped to about 66.5%, and the on-site operating rate has declined. Superimposed on the PTA industry’s processing fee being reduced to a low level, the PTA market price trend has declined. This week, the start-up of downstream polyester plants declined slightly. The terminal demand was mainly based on demand. The terminal textile market was general, and the purchasing was not active. The terminal weaving load was reduced to about 51%. The factory was not willing to stock goods, and the polyester filament inventory was still high. The operating load of polyester is stable at around 77%. With the weakening of demand, the social inventory of PTA begins to accumulate, the downstream PTA price trend drops sharply, and the domestic paraxylene market price drops.

Chen Ling, PX analyst of business community, believes that the current crude oil price is slightly weak. In addition, the downstream start-up of the terminal remains low, the overall demand side is poor, and the favorable factors are insufficient. It is expected that the market price of paraxylene will remain temporarily stable in the later period.