According to the price monitoring of the business agency, the PTA spot market rebounded slightly on March 4, with an average price of 4268 yuan / ton, up 0.42% compared with the previous trading day, down 35.5% year on year. Main futures were adjusted to close at 4368, up 10% or 0.23% from the previous trading day.
| Melamine |
Enterprise name capacity (10000 tons / year) recent device changes
Sichuan Energy Investment Co., Ltd. now has a load of 80%, and the device will be shut down for maintenance on December 29, 2019.
At present, Ningbo Taihua 120 is in full load production, and the device was put into operation with 70% load on February 27.
Sinopec Shanghai 40 to 60%
Tianjin Petrochemical 34 to 70%
Luoyang Petrochemical Co., Ltd. reduced to 50% in May
On February 15, 2015, the load of new 2.5 million ton unit of Hengli Petrochemical was increased to 90%
Fuhaichuang 450 load increased to 80% on February 15
Jiangyin Hanbang 220, February 14, plant shutdown
In terms of supply, PTA plant restart and load reduction coexist. Sichuan Energy Investment Co., Ltd. normally discharges the 1 million ton / year PTA plant after restart on March 3. It is necessary to pay attention to whether Fuhai Chuang 4.5 million ton / year PTA plant is maintained as planned. At present, the domestic operating rate is around 81%, and the overall operating rate is still high. Since February, the accumulated storage pressure has continued. Up to now, PTA social circulation inventory has exceeded 2 million tons, which is still in a situation of supply exceeding demand.
| EDTA |
However, in the near future, the price of crude oil has been rising, and the cost side has been boosted to a certain extent. At the same time, the comprehensive load of downstream polyester plant is around 66%. With the introduction of resumption policies and government support policies, the start-up has shown a slow upward trend, and the demand side has seen a positive trend. On March 4, the price of polyester filament mainstream factories in Jiangsu and Zhejiang was temporarily stable, with individual increase of 50 yuan / ton, of which the price of polyester POY (150D / 48F) was 6600-6750 yuan / ton.
Xia Ting, an analyst with business club, believes that with the gradual recovery of market demand, supply and demand will improve in the later period, and PTA will continue to rebound due to the improvement of cost and demand in the short term. However, this year is the big year for PTA production capacity. It is expected that the annual production capacity growth rate will be as high as 30%. In the context of production capacity delivery cycle, PTA is highly limited, and the trend will still be weak in the future.
| EDTA 2Na |