PTA "Jin Jiu" is insufficient

The sharp rise in crude oil prices in the early stage pushed up the PTA market from the cost side, and the price once ran to 5,360 yuan (ton price, the same belo.

Market supply is sufficient

Recently, the supply side of PTA has continued to loosen, and the market has not been able to effectively continue to rebou.

In terms of supply, the operating rate of Fuhai Chuang’s 5 million tons/year PTA plant is about 80%; a 600,000 tons/year PTA plant in Fujian Jialong has been overhauled since August 2; BP Zhuhai’s 1 million tons/year PTA plant is operating normally; Hainan Yisheng PTA unit is operating normal.

Li Hong, manager of the marketing department of Shandong Zhonghai Chemical Group .

Specifically, the 900,000-ton/year PTA unit of Pengwei Petrochemical was shut down on September 19, and the 1 million-ton/year unit of Sichuan Shengda was shut down on September 1 The 2 sets of parking facilities in the southwest are planned to be restarted in late Septemb.

In addition, the current PTA social inventory is about 334 million tons, an increase of 16,000 tons from the previous we.

Weakening cost support

From the perspective of raw material PX, although its own supply and demand have not changed much, driven by the surge in crude oil, the PX market has risen for two consecutive days, and the buying sentiment has ris.

According to the statistics of Jinlianchuang, the current operating rate of the domestic PX industry is 812%, there is no maintenance device, and the overall high load state is maintain.

In foreign countries, except for long-term parking devices, most of the international PX markets are operating stably, and the overall PX operating rate is relatively hi.

Regarding the market outlook, industry insiders believe that although there are planned maintenance devices at home and abroad, the new PX unit of Hainan Refinery and Chemical is planned to be put into operation on October 1, and the PX unit of Hengyi Petrochemical Brunei is also planned to be put into operation in Octob.

lack of demand

Regarding the downstream of PTA, Meng Xianxing, deputy director of Shandong Chemical Research Institute, said that the current downstream polyester production and sales are relatively cold, the production and sales rate of polyester filament is 35%, the production and sales rate of polyester staple fiber is 20%~30%, and the production and sales rate of polyester chips is 50%~ 9

It is understood that the overall profitability of polyester enterprises has rebounded sharp.

From the perspective of inventory, the return of the Mid-Autumn Festival, driven by the cost, the polyester filament market has increased production and sales, and the factory inventory has dropped rapid.

        From the perspective of the operating rate, the load of the restarted equipment continued to increase in the early stage, and the new equipment of Tongkun Hengteng was running normal.

        In terms of bottle-grade PET, the Guangzhou Pan-Asia plant returned to normal, and the overall operating rate increased last we.

        Looking at the market outlook, Fujian Jinlun polyester plant is scheduled to be overhauled recent.