According to the price monitoring of business associations, domestic PTA spot market prices rebounded slightly. As of September 23, the average market price was 518 yuan/ton, up 0.17% from the previous trading day, down 35.28% from the previous year. PTA main futures rebounded and closed at 5176 yuan/ton, up 34 yuan/ton, or 0.66% from the previous trading day.
| ferric sulfate (Poly ferric sulphate) |
Due to the support of processing fees and the expectation of PTA plant maintenance, the price is favorable, and the trading atmosphere has been improved. Polyester factories are the main purchasers. In terms of equipment, Huabin Petrochemical’s 1.4 million tons PTA plant stopped on September 20 and planned to be repaired for about 5-6 days. The domestic PTA plant load was reduced to about 93%. Specifically:
Enterprise Name, Capacity, Device Dynamics
Jialong Petrochemical Co., Ltd. Parking overhaul on Aug. 2, restart pending
Chuaneng Chemistry 100 Sept. 18 Parking overhaul, scheduled for one week
Pengwei Petrochemical Parking Overhaul on September 19th, scheduled for one week
Huabin Petrochemical Stop on September 20, 140, planned maintenance for about 5-6 days
Hengli Dalian 220 is scheduled to be overhauled for 15 days in early October
Hanbang Petrochemical 60 plans to be overhauled in October
Honggang Petrochemical 150 plans to be overhauled on October 14
On the PX side, the closing price of Asia PXCFR in China on the 20th was US$804 per ton, which was flat compared with the previous trading day. The price trend of domestic PX market remained at 6,600 yuan per ton. Urumqi Petrochemical Plant started 50%, Fuhai Creative Aromatics Plant started a line, CNOOC Huizhou Refinery and Chemical Plant overhaul, Hengli Petrochemical PX Plant put into operation, other devices temporarily run stable, due to the new device put into operation PX market price trend remains weak and stable.
| Azodicarbonamide (AC foaming Agent) |
The fluctuation of raw material prices and the low peak season of traditional textile industry of “Jinjiu” resulted in a slight drop in polyester start-up load to about 88%. The production and marketing of polyester filament in Jiangsu and Zhejiang provinces were general. Some mainstream factories increased their profits and reduced their quotations by 50-100 yuan/ton. Among them, polyester POY (150D/48F) was reported at 7750-8150 yuan/ton and DTY (150D/48F) was low. The projectile is 9150-9450 yuan/ton and the FDY (150D/96F) is 7800-8150 yuan/ton.
Business analyst Xia Ting believes that although the current PTA device load has been reduced, it is still at a high level. Although the downstream is approaching the end of the month, the mood of polyester factory’s stock-up is general, and there are expectations of National Day holidays in some terminal enterprises, and winter orders have not improved significantly. Overall, positive support is still insufficient, and PTA is expected to weaken in the short term.
| EDTA |