According to the price monitoring of business associations, domestic PTA spot market prices continued to decline on August 5, falling 2.99% from the previous trading day and 25.53% from the same period last year. Trading atmosphere is general, the focus of buying and selling in spot market is long-term, and the enthusiasm of buying is not good. In the futures market, the main futures (1909) closed at 5158 yuan/ton, down 140 yuan/ton, or 2.64% from the previous trading day. In the import market, PTA US dollar quotation refers to US$700-710 per ton, while the supplier of one-day tour source quotes US$730-760 per ton. There is no public transaction heard yet.
| Melamine |
Enterprise Name, Capacity (10,000 tons) Device Dynamics
Jialong Petrochemical 60 plans to stop for two weeks on August 2
Fuhua Chemical Industry & Trade 450 discharged on August 1. The device has been shut down since July 9.
Yizheng Chemical Fiber 35. Stop and repair for 45 days from August 1
Livan polyester stopped at the end of July and restarted to be determined.
Sichuan Energy Chemistry 100 July 26 Short stop for 2 days
Jiaxing Petrochemical 150 malfunction stopped short on July 27 and restart time is to be determined
Hengli Petrochemical 220 plans to overhaul the No. 1 production line in August, and the overhaul time is about 15 days.
| Azodicarbonamide (AC foaming Agent) |
In terms of equipment, in August, the annual output of Yizheng Chemical Fiber is 350,000 tons. The PTA plant has been shut down for 45 days. Fujian Jialong Petrochemical Company produces 600,000 tons of PTA plant annually for two weeks. In addition, the 4.5 million tons plant of Fuhua Chemical Industry and Trade was restarted last week. The PTA start-up load increased to a high level near 95%, and the supply side boosted obviously.
On the cost side, the domestic PX price trend remained stable. On August 5, the domestic ex-factory price of p-xylene was 7,000 yuan/ton, down 15.66% year on year. Prices in Asia’s PX market weakened sharply, closing at $810 per ton CFR in China on August 2, down by $30 per ton from the previous day.
Although the downstream polyester cash flow has been repaired, the weaving industry is still facing great pressure. The polyester market is stable and declining. The quotation of some mainstream factories in Jiangsu and Zhejiang has been lowered by 50 yuan/ton. Among them, polyester POY (150D/48F) is 7800-8000 yuan/ton, polyester FDY (150D/96F) is 7850-8200 yuan/ton, and polyester DTY (150D/48F low elasticity) is 9150-9250 yuan/ton.
Business analyst Xia Ting believes that the current PTA processing error compression, planned maintenance devices increased, but the large device restart, weakening the effect of other equipment maintenance, and part of the maintenance plan is yet to be implemented. In addition, Fuhai Chuang 1.6 million tons of PX device has been restarted, Sinochem Hongrun new device has been put into operation, the cost side will continue to move down. The downstream terminal orders are insufficient, and the off-season characteristics will become more obvious. The trend of upstream and downstream is weak, and the short-term weakness of the fundamentals is difficult to change. It is expected that PTA will continue to decline more likely.
| EDTA |