According to the price monitoring of business associations, PTA spot market prices in China continued to fall slightly today (September 11), down 0.61% from the previous trading day and 43.52% from the same period last year. PTA main futures (2001) closed at 522 yuan/ton, down 110 yuan/ton, or 2.10% from the previous trading day.
| ferric sulfate (Poly ferric sulphate) |
Enterprise Name, Plant Capacity (10,000 tons/year) Recent Plant Change
Yizheng Chemical Fiber 35 Parking overhaul from August 1 to September 10 has been restarted
Fuhua Chemical Industry & Trade 450 Parking overhaul from July 9 to August 5, load increased from 70% to 90%.
Huabin Petrochemical 140 Plant is scheduled to stop shortly next week for some reason
Hengli Dalian 220 plans to be overhauled for 15 days in mid-September
Jialong Petrochemical Co., Ltd. Parking overhaul on Aug. 2, restart pending
With the restart of 350,000 tons PTA equipment in Yizheng Chemical Fiber Co., Ltd. on the 10th, the load of the equipment rose to a high of 97%. The worries on the supply side warmed up, and the purchasing atmosphere remained poor. Traders dominated, and sporadic factories followed up.
In the raw material market, Asian PXCFR China closed at $791 per ton on the 10th day, up 6 dollars per ton from the previous trading day. Affected by the rising external price, the domestic PX price was consolidated near 6,600 yuan per ton. The PX plant of Hainan Petrochemical Company is scheduled to start in late September; the PX plant of Hengyi Brunei Company is scheduled to start in the third quarter; and the PX plant of Zhejiang Petrochemical Company is scheduled to start in the fourth quarter.
| Azodicarbonamide (AC foaming Agent) |
Downstream polyester start-up load temporarily stabilized at about 90%, cautious wait-and-see mood did not decrease, and polyester quotation of mainstream factories in Jiangsu and Zhejiang provinces was temporarily stable. Among them, polyester POY (150D/48F) is 7700-8050 yuan/ton, DTY (150D/48F low elasticity) is 9200-9350 yuan/ton, FDY (150D/96F) is 7700-8000 yuan/ton. Local orders at the end of the line have rebounded. The overall starting rate of looms in Jiangsu and Zhejiang is 80%. However, due to the macroeconomic pressure at home and abroad, the demand of textile and garment industry will be significantly weaker than in previous years.
Business analyst Xia Ting believes that PTA plant starts to improve again, and the supply side is under pressure. Cost-side drive is not strong, downstream terminal orders follow-up is weak, PTA is expected to continue to explore in the short term.
| EDTA |