According to the price monitoring of business agency, the price of PTA spot market rebounded slightly on October 24, with the market average price of 5004 yuan / ton, up 1.51% compared with the previous trading day, and down 31.13% year on year. In the futures market, the main futures of PTA also rose. By the end of the trading day, the main futures (2001) closed at 4942 yuan / ton, up 64 yuan / ton or 1.31% compared with the previous trading day. Daily trading volume increased by 158600 to 1414600, and position decreased by 106712 to 1502300.
Recently, several large-scale units are involved in maintenance, resulting in PTA load dropping to 89%. Next week, PTA supply side unit maintenance and restart coexist, Honggang petrochemical unit is restarted, Pengwei petrochemical unit is restarted; Hengli petrochemical unit 2 is planned to be overhauled on October 26, and Ningbo Yisheng, Jiaxing petrochemical, helun Petrochemical still has unit maintenance plans in November and December.
| Chitosan oligosaccharide |
Enterprise name capacity device dynamics
Ningbo Yisheng 200 plans to overhaul in November
220 short stop from October 18 to 21
Jiaxing Petrochemical planned to overhaul in November
Maintenance in December is planned for hailun Petrochemical 150
Honggang Petrochemical Co., Ltd. was overhauled on October 14 and planned to restart on October 28.
Pengwei Petrochemical Co., Ltd. stopped on October 18, 1990, and plans to recover within one week.
Yisheng Dalian 225 load reduction operation, planned to resume within 15 days
Hengli Dalian 220 stop for maintenance from October 7 to October 18
220 planned maintenance on October 26
Jialong Petrochemical Co., Ltd. shut down for maintenance on August 2, and restart to be determined
In addition, from the perspective of new production capacity, the new Fengming 2.5 million tons of equipment, of which 1.25 million tons of line is planned to produce grade products early next week. The single unit test run of the PTA project with an annual output of 1.2 million tons of China Thailand Petrochemical Co., Ltd. is coming to an end, which marks that the linkage test run of PTA plant is about to start. It will help fuel the feeding test run of PTA plant, and the market’s worry about the supply side will bring certain pressure on the price.
In terms of cost, the crude oil storage in the U.S. dropped unexpectedly, and the overnight oil price rebounded strongly. The closing price of PX market in Asia rose by $4 / ton, and the closing price was $765-767 / ton fob in South Korea and $785-787 / ton CFR in China, which had a certain positive impact. But the domestic PX production capacity is in the expansion cycle, the processing gap remains low, the price trend is temporarily stable, and the price of the mainstream factory is 6800 yuan / ton.
| Potassium monopersulfate |
The rebound of raw material market has boosted the polyester related products in the downstream. The price of mainstream polyester factories in Jiangsu and Zhejiang is stable and warm, with the increase of 50-100 yuan / ton for some specifications. Among them, polyester POY (150D / 48F) is RMB 7150-7300 / T, DTY (150D / 48F low elastic) is RMB 8750-9200 / T, FDY (150D / 96F) is RMB 7300-7550 / T. The comprehensive starting rate of Jiangsu and Zhejiang looms remained around 77%, and there was no obvious progress in the terminal, so the market was cautious.
Xia Ting, an analyst at the business club, believes that in summary, the recent progress in crude oil upward, PTA plant maintenance and Sino US economic and trade consultation has brought some support to PTA prices in the short term. However, as the new production capacity is approaching and the downstream demand is weak, the accumulated reservoir pressure is prominent, PTA is still likely to fall in the medium and long term.
| ferric sulfate (Poly ferric sulphate) |