According to the price monitoring of the business agency, the spot market price of PTA in China continued to decline slightly. As of November 28, the average price was 4800 yuan / ton, down 0.80% compared with the previous trading day, down 23.52% year on year. In the futures market, the main futures of PTA fell in shock, and ended at 4726 yuan / ton (2001), down 44 yuan / ton, or 0.92% compared with the previous trading day. Trading volume increased by 376000 to 1255700 and positions decreased by 14312 to 140900. After the buyback of suppliers, another 1.1 million tons of Dushan energy line was put into operation successfully, Hainan Yisheng and Yadong petrochemical plants were restarted successively, and the supply end was pressurized. At the same time, the downstream purchases are cautious and there is a weakening expectation. The spot market lacks clear good news support, and prices continue to decline.
| EDTA 2Na |
Changes of PTA plants in China in November
Enterprise name capacity device dynamics
Jialong Petrochemical 60 was shut down for maintenance on August 2, and the restart was to be determined
Jiaxing Petrochemical Co., Ltd. 150 shut down on November 12 as scheduled, and planned to maintain for 2 weeks
Maintenance in December is planned for hailun Petrochemical 120
Ningbo Taizhou Chemical Co., Ltd. stopped for a short time on November 13 and resumed normal production
Yadong Petrochemical Co., Ltd. shut down for maintenance on November 13, 70. At present, the unit has been heated up and restarted, and now it has been discharged
Hanbang Petrochemical Co., Ltd. reduced load by 90% at 220
Chuanneng chemical 100 fault stopped short on November 1, and the current load is 80%
Yisheng Hainan 200 has been gradually warmed up and restarted. The device was shut down for maintenance on November 22
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In terms of cost, on November 27, the closing price of PX market in Asia increased by 6 US dollars / ton, and the closing price was 777 US dollars / ton FOB South Korea and 797 US dollars / ton CFR China, which formed a certain support for PTA. Near the end of the month, the downstream polyester market has a strong wait-and-see mood. The prices of mainstream factories in Jiangsu and Zhejiang are flat, among which the polyester POY (150D / 48F) is 6900.00-7250.00 yuan / ton. DTY (150D / 48F low bomb) is at 8500.00-8750.00 yuan / ton, and FDY (150D / 96F) is at 6950.00-7250.00 yuan / ton. At present, the new orders of the terminal weaving factory are relatively common, the pressure of weaving finished products inventory is still there, and the raw material market support is limited. Under the multiple negative drag, the downstream and terminal factories have taken the measures of reducing the load and avoiding the risk while maintaining the rigid demand for replenishment. At the same time, the comprehensive starting rate of Jiangsu and Zhejiang looms rebounded after the National Day holiday, and the market confidence was insufficient, so the purchasing was cautious.
Xia Ting, an analyst with the business society, believes that the PTA plant will be put into production intensively at present, the supply will gradually accumulate, and the downstream polyester plant is expected to reduce production, especially the polyester plant has a large area maintenance plan from late December to January. In the absence of new orders from terminal textile factories, there is a possibility of further decline in the opening rate of weaving factories in the later period, with negative factors looming, and PTA market is expected to continue to be weak. In addition, it is necessary to pay attention to the nodes of centralized replenishment of downstream and terminal factories before the festival.
| Melamine |