On October 11, the PX commodity index was 54.40, unchanged from yesterday, down 46.88% from its peak of 102.40 points in the cycle (2013-02-28), and up 19.43% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).

According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 11th. Hongrun 600,000 tons new plant was running steadily, Pengzhou Petrochemical Plant was running steadily, Urumqi Petrochemical Plant was started 50%, Fuhaichuang Aromatic Hydrocarbon Unit was starting a line, CNOOC Huizhou Refinery and Chemical Unit was overhauled, Hengli Petrochemical PX Unit was put into operation, and other units were running steadily for the time being, due to the fact that the new unit was put into operation at home. The market supply of xylene is normal and the market price trend of p-xylene is temporarily stable. The opening rate of PX plant in Asia is about 80%. On October 10, the closing price of P-xylene in Asia dropped by 6 US dollars per ton. The closing price is 778-780 US dollars per ton FOB in Korea and 798-800 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of P-xylene, but the domestic market price trend is stable.

On October 10, the price of WTI crude oil futures rose to $53.55 per barrel, an increase of $0.96. Brent crude oil futures rose to $59.10 per barrel, an increase of $0.78. According to Oil & Gas Journal, as of October 9, according to the data of the U.S. Energy Intelligence Agency, the U.S. crude oil stocks (excluding strategic oil reserves) increased by 2.9 million barrels in the week ending October 4. U.S. crude oil stocks are 425.6 million barrels. U.S. crude oil stocks have increased by 4.1 million barrels, crude oil prices have risen slightly, support for downstream petrochemical products is limited, and domestic paraxylene prices are stable. Recent textile industry market shocks, PTA market start-up rate declined, PTA price trend shocks, the average price of East China in the vicinity of 5100-5200 yuan/ton, up to 10 days domestic PTA start-up rate of about 87.5%, polyester industry start-up rate of about 90%, due to adequate PTA supply, general trading atmosphere, mainly traders, sporadic polyester factories follow-up, by crude oil prices shocks. The downstream PTA market price will remain low due to the turbulence. It is expected that the price of PX market will remain 6,800 yuan/ton in the short term.