According to the price monitoring of business agencies, the domestic spot market price of PTA fell slightly on August 17, with an average price of 3621 yuan / ton, down 0.24% compared with the previous trading day, and 32.09% lower than that of the previous trading day. PTA main futures (2101) closed higher and closed at 3774, up 6. 6% from the previous trading day.
PTA market traders mainly buy, spot trading atmosphere is not good. In terms of units, the PTA units of Honggang and Ningbo Taihua are in the process of heating up and restarting. Yangzi Petrochemical plant is also planned to restart this Friday, and the supply will increase again, which is detrimental to the market mentality. In terms of downstream demand, the polyester starting load was 87.68%, the terminal orders were improved recently, and the comprehensive starting rate of Jiangsu and Zhejiang looms increased to 63.30%, but it was at a low level year on year.
Xia Ting, an analyst at the business agency, believes that PTA supply is expected to be loose, but social inventory is still high, and downstream demand is difficult to continue to improve, and PTA price is expected to weaken and adjust.
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