According to the price monitoring of the business community, the domestic PTA spot market price fluctuated and rebounded. As of April 7, the average price of the spot market was 4513 yuan / ton, up 1.28% over the previous trading day and 33.83% over the same period last year. PTA main futures (2109) closed higher, to close at 4662, 104 higher than the previous trading day, or 2.28%.
Overhaul scale of overhaul enterprises (10000 tons / year)
Overhaul on April 17, 2020
Pengwei Petrochemical Company will stop at night on March 9, 2020, and the restart time will be determined
Shanghai Petrochemical Co., Ltd. will stop for maintenance from February 20 to May 19, 2021
Maintenance of Huabin Petrochemical Company from March 6 to April 10, 2021
Sinopec will stop in the evening of March 7, 2021, and the restart time is to be determined
Ineos (Zhuhai) 125 overhaul on March 17, 2021, restart time to be determined
Sichuan Energy Investment Co., Ltd. will maintain for 20 days on April 1, 2021
Jiaxing Petrochemical Company will be overhauled for 15-20 days on April 1, 2021
Fujian Baihong power plant will start maintenance for about 7 days at night on April 2, 2021
Dushan Energy Co., Ltd. plans to overhaul from April 13 to 27, 2021
Livan plans to overhaul in May 2021
Ningbo Yisheng plans to overhaul in the second quarter of 2021
Hengli Petrochemical 1 × 220 scheduled maintenance time to be determined
Hengli Petrochemical 5 × 250 scheduled maintenance time to be determined
PTA processing is at a relatively low level, and the maintenance of the plant is increasing. At present, the start-up of PTA plant is below 80%, and the supply side will continue to shrink in April. In terms of demand, the recent polyester market trading performance is flat, but the polyester factory and terminal loom start-up remain high, polyester start-up load is more than 91%, so the demand for raw materials is good. PTA social inventory fell for the fifth consecutive week, and the inventory fell to below 4 million tons for the first time since February. As of April 2, PTA’s social inventory was 3.9762 million tons, a decrease of 64100 tons compared with March 26, but an increase of 746200 tons compared with the same period in 2020.
Analysts of business news agency believe that the improvement of supply and demand of PTA in the short term will support the market, but the international oil price is facing greater pressure in the near future, and the terminal is cautious in purchasing polyester, which will restrain the PTA price. It is expected that the short-term price will run with strong volatility.
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