According to the price monitoring of the business agency, the domestic PTA spot market price rose slightly on September 16, with an average price of 3503 yuan / ton on the spot market on that day, up 0.30% compared with the previous trading day and a year-on-year decrease of 33.31%. PTA main futures (2101) closed up and closed at 3660, up 22% or 0.60% from the previous trading day.
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Recent changes of PTA plant in China
Production enterprise unit capacity (10000 tons / year) unit operation status
Ningbo Yisheng 220 was shut down for maintenance on September 3 for two weeks, and it is planned to restart in the evening of September 16, which remains to be noticed
Huabin Petrochemical 140 reduced the load by 50% on September 16, which is expected to maintain for one week
Hailun Petrochemical 120 was overhauled on August 2 and is scheduled to restart at the end of September
Yizheng Chemical fiber 65 is planned to be overhauled for about 10 days in October
Yadong petrochemical company plans to overhaul about 2 weeks in mid November
Hanbang Petrochemical 220 plans to overhaul for one month on September 30
In terms of PTA plant, Huabin Petrochemical’s 1.4 million ton PTA plant began to reduce its load by 50% today (September 16) and overhaul the other half of its production capacity, which is expected to maintain for about a week, and PTA prices have been supported to some extent. However, Eason Ningbo 2.2 million tons PTA plant is about to restart, new capacity is also planned to be put into operation, and the surplus is expected to continue to exert pressure.
In the raw material market, the hurricane affected the crude oil rebound, which was beneficial to the market mentality. As of September 16, the international crude oil WTI closed at $38.28/barrel, up $1.02/barrel compared with the previous trading day; Brent closed at $40.53/barrel, up $0.92/barrel compared with the previous trading day. Dongying Weilian’s 1 million T / a PX new equipment was put into production on September 15, and the load is steadily increasing. It is expected that the PX market price will be weak in the short term.
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The overall production and sales of polyester downstream are difficult to sustain. The production and sales of mainstream large polyester filament factories are 50% – 70%, and the production and sales of some better factories can reach 110%. In terms of inventory, the overall inventory of polyester market is concentrated in 33-43 days, of which POY inventory is 11-17 days, FDY inventory is around 22-34 days, and DTY inventory is about 31-43 days. The price quoted by the factory is basically stable, and the discount is cancelled, among which polyester POY (150D / 48F) is quoted as 5000-5250 yuan / ton.
In recent years, some fabrics in the terminal traditional textile market have become smooth, and the transaction of polyester brocade and brocade cotton creative fashion fabrics has been gradually promoted. The spot transaction styles of middle and high-grade varieties have increased, and the subscription is mainly in small batches and varieties. The overall market trend is partial smooth, and the market confidence is gradually restored. The orders of textile enterprises are gradually improving, and the comprehensive starting rate of Jiangsu and Zhejiang looms is maintained at 7 More than 3%.
Xia Ting, an analyst at the business agency, believes that the PTA cost side is supported by the rise of crude oil, but some of its own units are planned to restart, and the downstream polyester production and sales are poor, the market atmosphere is flat, and whether the terminal consumption capacity can continue to improve remains to be seen. It is expected that the short-term PTA market will be weak, and the future market still needs to pay attention to the changes in crude oil and units.
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