According to the price monitoring of the business agency, the spot market price of PTA in China continued to rise slightly. On May 18, the average market price was 3493 yuan / ton, up 1.68% compared with the previous trading day, down 43.40% year on year. The main futures in the futures market (2009) rose in shock to close at 3606, up 66% or 1.86% from the previous trading day. Driven by crude oil, the current PTA price is warm, and spot transactions are dominated by traders and suppliers, with a good buying atmosphere.
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In terms of supply, PTA production capacity was put into operation at the beginning of the year with high start-up rate. Weekly production reached a new high in recent years, and social inventory is now around 3.5 million tons. At present, the start-up load of the unit is maintained at a high level near 92%. The 400000 ton PTA plant of Shanghai Jinshan Petrochemical Co., Ltd. has been shut down for maintenance in the morning on May 18, with a planned maintenance period of 28 days. Hainan Yisheng 2 million ton plant is planned to be shut down for 12-15 days on June 5. Of course, it does not rule out the possibility of accidental maintenance and parking.
Enterprise name capacity device change
Liwan polyester 70 shut down on April 30, restart to be determined
Hanbang Petrochemical Co., Ltd. reduced maintenance on May 9, 2006
Tianjin Petrochemical Co., Ltd. shut down for maintenance on April 17, and restart to be determined
Pengwei Petrochemical Co., Ltd. stopped at night on March 9 and planned to restart in July
Shanghai Petrochemical Co., Ltd. will stop for maintenance in the morning on May 18, with a planned maintenance period of 28 days
Hainan Yisheng 200 plans to stop for maintenance for 12-15 days on June 5
The downstream polyester plant unit restart and maintenance coexist, among which about 450000 tons of polyester units of Shanghai Petrochemical and Rongsheng are expected to be overhauled, and about 100000 tons of polyester units of Tianjin Petrochemical are expected to be restarted, with the start-up around 84%. In terms of price, affected by the boost of raw materials, the market price of polyester is stable and rising. In the afternoon, some polyester factories in Jiangsu and Zhejiang increased by 100-200 yuan / ton. Downstream weaving and texturing enterprises are preparing goods one after another, and the comprehensive start-up rate has been raised to a higher level of 51%.
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The terminal textile market, although the current textile market is still in the off-season as a whole, but the recent domestic market shows signs of improvement, inventory consumption. Recently, the domestic and foreign textile orders have improved. Bangladesh, Myanmar, Cambodia and Vietnam have resumed production. In early May, the government of Bangladesh decided to restart more than 2000 textile factories. Up to now, nearly half of the garment factories in Bangladesh have gradually resumed work. With the deepening of the resumption of work, a large number of foreign trade orders will also be a high probability event.
Xia Ting, a business analyst, believes that in the short term, crude oil rebounded strongly, but there is still a risk of weakness. PTA device maintenance is expected to increase, and overlay terminal enterprises are returning to work one after another. There is a possibility of improvement in supply and demand, and substantial recovery needs to be observed. PTA market is expected to fluctuate in the short term.
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