According to the price monitoring of the business agency, the domestic PTA spot market price rose slightly on July 15, with the average price of 3580 yuan / ton on the spot market, up 0.53% compared with the previous trading day, and decreased by 44.90% year-on-year. The main futures (2009) in the futures market rose to close at 3606, up 12 or 0.33% from the previous trading day.
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Production enterprise unit capacity (10000 tons / year) unit operation status
Ningbo Yisheng 220 postponed to mid July for 2-3 days
Jiaxing Petrochemical 220 stopped at night on July 12, and the restart time is to be determined
Livan polyester 70 was shut down on April 30 due to failure, and restart to be determined
Hanbang petrochemical company shut down for maintenance from May 9, 2006, and restart to be determined
Tianjin Petrochemical Company shut down for maintenance on April 17, 2004, and restart to be determined
Pengwei petrochemical company shut down for maintenance on March 9, 1990, and restart to be determined
Zhongtai Petrochemical Company 120 started feeding on July 1 and discharged on the evening of July 2. Now it is running at 95%
Among them, 1.25 million tons of which will be put into operation on June 28, 2020, will be produced on June 29, and its load will reach 90% on July 2. Another production line of 1.25 million tons was put into operation on the evening of July 11, and is now running at 85% load
Eason Hainan 200 delayed maintenance plan
Fuhai Chuang 450 was put into operation on July 9 with load reduction, which is planned to last for one week
Jialong petrochemical company shut down for maintenance on August 2, 2006, restart time to be determined
Fuhai Chuang 4.5 million T / a PTA plant was put into operation with reduced load on July 9 and maintained for one week. Jiaxing Petrochemical 2.2 million ton PTA plant was shut down at night on July 12. It is planned to overhaul for about 2 weeks. Due to failure, the restart time is still to be determined. Some units at the supply end will be overhauled or some pressure will be relieved. In addition, as the implementation rate of OPEC’s production reduction reached 100% in June, crude oil rebounded slightly, and the price of WTI’s main contract on the 14th was $40.29/barrel, up $0.19/barrel from the previous day, which supported the cost side. Downstream polyester start-up load maintained around 87%, the comprehensive start-up rate of Jiangsu and Zhejiang looms was lower than 60%, which was at a low level compared with the same period last year, and the terminal market remained mainly light demand.
Xia Ting, an analyst at the business agency, believes that under the influence of cost driven and maintenance of its own devices, PTA market is expected to rise slightly in the short term. In the future, some PTA plants still have plans to postpone equipment maintenance. In addition, with the load increase of Hengli line 5 and Zhongtai this week, the PTA excess pressure increases in the later stage, and the accumulated supply and demand range is further expanded, and there is still downward risk in the price.
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