New Production Capacity Put Into Production PTA Market Continued To Rise, Lack Of Power
Xinfengming announced today (October 19) that with the joint efforts of all employees of the company, the second phase of Dushan Energy Co., Ltd., a wholly-owned subsidiary, has put into operation an annual output of 2.2 million tons of green intelligent PTA project through the early stage of equipment installation, single machine commissioning, linkage commissioning, cold commissioning, hot commissioning and material commissioning. The PTA phase I plant with an annual output of 2.2 million tons has been put into operation on October 30, 2019.
This is a major measure for xinfengming to extend the industrial chain upstream, complete PTA self-sufficiency, further reduce the cost of main business, and enhance the comprehensive strength of the company. Also further enhance the company's profitability, competitiveness and anti risk capabilities, improve the comprehensive utilization of resources, consolidate the company's competitive advantage of polyester filament products.
According to the statistics of the business agency, the domestic PTA capacity increased rapidly from 2010 to 2014, while the period from 2015 to 2016 experienced a period of de capacity and entered a stable period. It is estimated that PTA will usher in a new round of production capacity release cycle from 2020 to 2022. By the end of 2022, PTA has a total capacity release plan of 29.3 million tons. The new capacity mainly comes from the raw material matching of downstream leading enterprises and the expansion of PTA's main suppliers. The era of PTA's high boom will come to an end.
Statistics of domestic PTA new capacity in 2020 (unit: 10000 tons)
Name of enterprise | Annual capacity | Change of production unit |
Zhongtai petrochemical | one hundred and twenty | Materials will be discharged on January 1, 2020 |
Hengli Dalian | two hundred and fifty | On January 14, 2020, 1.25 million tons of lines will be discharged, and another 1.25 million tons of lines will be put into operation on January 18 |
two hundred and fifty | 1.2 million tons of lines will be put into operation on June 28, 2020, and products will be produced on June 29, 2020, and another 1.25 million tons will be put into production on July 10 | |
Dushan energy | two hundred and twenty | It will be put into operation on October 19, 2020 |
Fujian Baihong | two hundred and fifty | It is planned to be put into operation in October 2020 |
Sinopec | three hundred and thirty | It is planned to be put into production near the end of 2020 |
Since the production peak of PTA and petrochemicals, the total production capacity of PTA has increased by 2.25 million tons, including 6.15 million tons of PTA and 2.5 million tons of PTA put into production in 2020. It is estimated that Fujian Baihong 2.5 million ton unit will be put into operation in October in the fourth quarter, and the 3.3 million ton unit of Sinopec is planned to be put into operation near the end of the year. If the unit is put into operation smoothly, the production capacity may reach 66.855 million tons by then, which will greatly increase the domestic PTA supply pressure, and the pattern of excess supply is still severe, which will bring pressure on the market price. According to the price monitoring of the business agency, as of October 19, 2020, the average price of PTA spot market in China was 3442 yuan / ton, a year-on-year decrease of 31.67%.
From the perspective of xiayibo, the price of PTA terminal has risen in the near future, as well as PTA's demand for large-scale maintenance. However, the new production capacity feeding has a certain impact on the market. In addition, the production and sales of polyester in the downstream have fallen down as a whole. Only relying on the high production and sales of polyester staple fiber can not boost the market. It is expected that PTA market will continue to rise, with insufficient power.
- Related reading
- Association dynamics | Chen Dapeng: How To Recognize The Five Aspects Of Innovation And Reform In China'S Clothing Industry?
- Finance and economics topics | CICC'S IPO Price Breaks Through The "Ceiling" And Some Institutions Offer Only 10 Cents
- Celebrity interviews | Interview With Zhang Ning, Former Director Of Shanghai Securities Regulatory Bureau
- Market trend | Orders Full, Upstream Raw Materials Soar, Textile Clothing Next Tuyere?
- Recommended topics | Chinese Original Designers Have Come To Their Time
- Local hotspot | Add New Momentum To Keqiao'S High Quality Development! Hengsheng Phoenix Digital Economic Industrial Park Phase II Opening Ceremony Held
- Local hotspot | Add New Momentum To Keqiao'S High Quality Development! Hengsheng Phoenix Digital Economic Industrial Park Phase II Opening Ceremony Held
- Fashion character | Sun Zhuangwei, A Man Of The Most Beautiful Textile City
- Fashion character | Sun Zhuangwei, A Man Of The Most Beautiful Textile City
- Global Perspective | The Textile Chamber Of Commerce Held The Coordination Meeting For Responding To Complaints Of Indonesian Clothing And Accessories Safeguard Measures
- Winning Products Of 2020 China Fashion Fabric Design Competition
- Tianjin Fashion Week: Set Sail In The "Mother River" With Tianjin Flavor
- Textile Enterprises Need To Be Stable In Operation
- Ordos: Invigorating Rural Areas With Warmth And "Targeted Poverty Alleviation" In Action
- The National Bureau Of Statistics Announced That The Situation Of Warming Up Quarter By Quarter Was Realized In The Third Quarter
- China Textile City: Home Textile Market Turnover Fell Month On Month, Curtain Window Screen Market Partial Light
- Sanfangxiang, Hengyi, Jinlun High Fiber And Other 15 Enterprises Gather, Staple Fiber Futures Listed, Listen To Them How To Say?
- Blank Market: In October, The Prices Were All On-Line, And The Market Temperature Was Obvious
- Sad Yin Mingshan: The Sails Flutter And The Dream Of Making A Car Is Broken
- "Quality" As The Root, "Ingenuity" As The Soul, Guizhou Maotai Brand Value "Soft Power" Detailed Explanation