According to the price monitoring of the business agency, the current price of domestic PTA weakened slightly on September 1, and the average price in the spot market was 4911 yuan / ton, a one-day decrease of 0.3% and a year-on-year increase of 36.43%. The main futures 2201 closed at 4932, down 36, or 0.72%.
With the gradual restart of some units in PTA plant in late August, the cumulative pattern of PTA supply and demand is gradually emerging. The restart of Zhongtai chemical’s 1.2 million ton PTA unit is delayed, and the maintenance of Honggang Petrochemical’s 2.4 million ton unit is planned next week, or the cumulative inventory rate of PTA in September will be suspended. In terms of demand, although it is close to the golden nine silver ten peak season, the follow-up of new orders in the terminal textile market is slow. Therefore, the downstream polyester factory has few replenishments and the market transaction is light.
Business analysts believe that the supply and demand situation has weakened, which has suppressed the market, and PTA prices are expected to maintain a volatile downward trend.
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