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Installation Starts To Raise PTA Prices And Continue Downtrend

2019/9/12 14:30:00 14

According to the price monitoring of business associations, the price of domestic PTA spot market continued to decline slightly today (September 11th), down 0.61% from the previous trading day, down 43.52% from a year ago. PTA closed main futures (2001) closed at 5122 yuan / ton, compared with the previous trading day fell 110 yuan / ton, or 2.10%.

Enterprise name	Unit capacity (10000 tons / year)	Recent device changes
Sinopec Yizheng Chemical Fibre	Thirty-five	August 1st -9 10, parking repair, has been restarted.
Fuhua chemical industry and trade	Four hundred and fifty	July 9th -8 5 parking inspection, load increased from 7 to 9.
Hua Bin petrochemical	One hundred and forty	The device is scheduled to stop short next week.
Hengli Dalian	Two hundred and twenty	Plan to overhaul 15 days in 9 months.
Jialong Petrochemical Company	Sixty	August 2nd car maintenance, restart to be determined

With the restart of Yizheng chemical fiber 350 thousand tons PTA plant on 10, the device load increased to 97% highs. The market is worried about the supply side, and the purchasing atmosphere is still poor.

In the raw material market, Asian PXCFR China closed 10 US $791 / ton, up 6 US dollars / tonne compared with the previous trading day, and the price of domestic PX has been consolidated at 6600 yuan / ton. Hainan refinery 1 million tons / year PX plant plans to start in late September; Heng Yi Brunei 1 million 500 thousand tons / year PX plant plans to start in the three quarter; Zhejiang Petrochemical 4 million tons / year PX plant plans to drive in the 4 quarter.

Downstream polyester start-up load temporarily stabilized at around 90%, cautious wait-and-see mood is not reduced, Jiangsu and Zhejiang mainstream factory polyester quotation temporarily stable. Among them, polyester POY (150D/48F) reported 7700-8050 yuan / ton, DTY (150D/48F low bomb) 9200-9350 yuan / ton, FDY (150D/96F) reported 7700-8000 yuan / ton. The local orders of the terminal have picked up. The comprehensive rate of opening of the Jiangsu and Zhejiang looms is 80%. However, the demand for the textile and garment industry will be significantly weaker than that of previous years, subject to the domestic and foreign macroeconomic pressures.

Xia Ting, a business analyst, said that the PTA plant started to work again, and the supply side was under pressure. The cost side drive is not strong, and the downstream terminal order is weak. It is expected that PTA will continue to explore in the near future.