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Demand Side To Improve PTA Spot Market Rebound

2020/3/5 12:46:00 0

PTA Spot Quotes


According to the price monitoring of business associations, the domestic PTA spot market rebounded slightly in March 4th, with an average price of 4268 yuan / ton, up 0.42% from the previous trading day, down 35.5% from the same period last year. The main futures strong adjustment, to close the main futures (2005) closed at 4368, compared with the previous trading day rose 10, or 0.23%.

Enterprise name
Capacity (10000 tons / year)
Recent device changes
Sichuan's ability to vote
One hundred
The load is about 8 per cent. The device was stopped and overhauled in December 29, 2019.
Ningbo Taiwan
One hundred and twenty
At present, full load production, the device in February 27th load of 7 to run.
Shanghai petrochemical
Forty
Down to 6.
Tianjin petrochemical
Thirty-four
Down to 7.
Luoyang petrochemical
Thirty-two point five
Down to 5.
Hengli petrochemical
Two hundred and fifty
In February 15th, 2 million 500 thousand tons of new plant load increased to 9.
Fuhai creation
Four hundred and fifty
Load increased to 8 in February 15th.
Jiangyin Han Bang
Two hundred and twenty
Device parking in February 14th

On the supply side, the PTA device coexists with the restart and load reduction. Sichuan can deliver 1 million tons / year PTA device after its restart in March 3rd. It needs to pay attention to whether the 4 million 500 thousand tons / year PTA device of Fu Hai Chuang is repaired according to the plan. At present, the domestic operating rate is around 81%, and the overall operating rate is still high. Since February, the pressure of storage has been maintained. Up to now, PTA has exceeded 2 million tons of social circulation stock and is still in a situation of oversupply.

However, the price of crude oil has been rising in recent years, and the cost side has been boosted. At the same time, the comprehensive load of the downstream polyester plant has been around 66%. With the introduction of the policy of resumption of work and the policy of supporting the government, the start-up has been on the rise slowly, and the demand side is in good condition. In March 4th, the mainstream factory prices of polyester filament in Jiangsu and Zhejiang provinces were stable, and the price of the polyester filament increased by 50 yuan / ton, of which the price of polyester POY (150D/48F) was 6600-6750 yuan / ton.

Xia Ting, a business analyst, believes that with the gradual recovery of market demand, there will be some improvement in supply and demand in the later stage. Short-term PTA will be improved or rebounded by cost and demand. But this year is the year of PTA production capacity. The annual capacity growth is expected to reach 30%. Under the background of the production capacity cycle, PTA is highly limited, and the market outlook will continue to be dominated by a weak trend.

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