PX Market Trend Analysis: The Downward Trend Is Obvious

This week, domestic market prices of para xylene decreased slightly, the domestic PX operation rate remained around 7, and domestic para xylene market supply was adequate.

The aromatics plant of Tenglong is still in a state of shutdown. The operating rate of Yangzi Petrochemical PX plant is about 8. The Jinling Petrochemical plant maintains more than 7. In recent years, the gold and stone test production has lowered the confidence of the people inside the field, and the price of the Yangzi Petrochemical Company has gone down slightly.

The near future

The PX plant starts at a rate of more than 7.

Down to 822 US dollars / ton CFR China, the dependence on para xylene is relatively high, and the low price of external market makes domestic parylene market decline slightly.

Industrial chain: crude oil prices closed down this week, closing at 7 WTI closing price of 44.66 U.S. dollars / barrel, the recent decline in crude oil prices, so that downstream petrochemical products have lost some cost support, domestic parylene market prices lower.

Lower PTA market prices rose slightly this week.

The offer was made at $4500 and slightly above the table. It was handed over to 4450-4500 yuan for delivery. The negotiation lasted for about 4500 yuan, and the real paction was delivered at 4810 yuan from -4510 yuan.

This week, the operating rate of the PTA plant dropped to around 57%, while the downstream polyester plant started at 75%, and the polyester production and marketing situation in the lower reaches was generally low. The recent PTA operating rate dropped sharply, and the market price of the negative PX and PX prices fell slightly.

Industry: recent crude oil prices continue to decline, coupled with the decline in PTA market operating rate, PX market prices fell slightly.

This week, the price trend of para xylene dropped slightly, the average price of weekend was 6400 yuan / ton, compared with the price of 6437.5 yuan / ton at the beginning of the week, it fell 0.58%, down 40.22% compared with the same period last year.

Related links:

He Zhuosheng, President of polyamide branch of China Chemical Fiber Industry Association, pointed out that credit sale has become a stubborn disease of nylon fiber chemical enterprises.

In 2012, the credit sale problem of nylon fiber chemical industry was not large in the whole industry. The number of credit sales days was generally 5~15 days, the longest was 1 months.

But in 2014, credit sales began to start from 2~3 months, and some credit hours lasted for half a year, and nearly 90% of the manufacturers' orders were involved.

He said that credit sale is a "double-edged sword". On the one hand, it has enabled a group of nylon enterprises to rapidly improve their market competitiveness and expand sales.

On the other hand, a large number of credit sales also increase the financial cost of enterprises, increase the risk of capital and bad debts, and aggravate market competition.

In order to effectively control the credit sale behavior of nylon fiber industry, the China Chemical Fiber Industry Association has recently convened 8 leading people of nylon polyamide filament leading enterprises in Changle Liheng polyamide Technology Co., Ltd., and announced the survey results of the arrears of customers in the industry.

The participating enterprises discussed the detailed work plan of regulating sales and clearing accounts receivable, and determined the sales mode of cash in stock since September 2015. According to the respective circumstances of enterprises, the plan of debt collection for enterprises should be worked out.