According to the price monitoring of the business agency, the domestic PTA spot market price maintained a small rise on October 12, with the average price of 3357 yuan / ton on the spot market of that day, up 0.99% compared with the previous trading day and a year-on-year decrease of 35.08%. PTA main futures (2101) closed up and closed at 3480, up 18% or 0.52% from the previous trading day.
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As of October 10, the operating load of Jiangsu and Zhejiang looms was above 84%, which was 6.5% higher than that of the same period last year. Downstream polyester factory price rise to support the market and high production and sales, boosting PTA market price and driving forward spot turnover to pick up. Polyester factories continue to raise prices. The mainstream polyester filament factories in Jiangsu and Zhejiang have increased 50-100 yuan / ton, with good production and sales, with an average production and sales of 120% – 140%, and the production and sales of some better factories can reach 200%. On the first day of the listing of polyester staple fiber, all futures contracts were closed. Cotton in the same cotton textile industry chain once touched the price limit and finally closed up more than 5%. Cotton yarn futures price also rarely rose by more than 4%.
Recent domestic PTA plant maintenance plan
Unit capacity (10000 tons / year) unit maintenance
On the evening of September 29, Hanbang Petrochemical began to reduce the load and shut down for 1 month
Zhongtai Petrochemical 120 started maintenance for 2 months on September 30
Yizheng Chemical fiber 65 began to reduce the load on October 12 and planned to overhaul for 18 days
Sichuan energy investment 100 plans to start maintenance for 2 weeks on October 15
Yadong petrochemical company plans to overhaul about 2 weeks in mid November
PTA plant itself is also supported. Yizheng Chemical fiber set of 650000 tons PTA plant began to reduce the load on October 12, and planned to overhaul for 18 days. Sichuan Energy Investment Co., Ltd. plans to overhaul for 2 weeks on October 15. The 2.2 million tons of Hanbang Petrochemical Company and 1.2 million tons of Zhongtai Petrochemical Company will be shut down at the end of September, and the maintenance plan is 30 days and 60 days.
Xia Ting, an analyst at the business agency, believes that the current market is in the long short news game, PTA is still under the pressure of capacity expansion, and the new production capacity is about to be put in place to restrain the market rebound. However, in the near future, supported by the improvement of equipment maintenance and terminal downstream demand, PTA market is expected to maintain a small rise in the short term.
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