According to the price monitoring of business agency, the domestic PTA spot market price fell slightly since February 8, and the decline expanded last week. As of February 18, the average market price was 5402 yuan / ton, with a weekly decline of 5.09%.

Statistics of recent changes in domestic PTA units

manufacturing enterprise Unit capacity (10000 t / a) Device change

Yisheng Ningbo two hundred Maintenance for 2 weeks on February 10.

Yisheng new materials three hundred and thirty From February 9 to the end of February, the load was reduced to 50%.

three hundred and thirty The test run was started on January 28, and 50% was started in early February.

Zhongtai petrochemical one hundred and twenty About 80% of the construction started in early February.

Yangzi Petrochemical sixty-five Maintenance in late March and February.

Dushan energy two hundred and twenty Minor repair, to be determined.

In terms of supply, there has been little change in PTA plant units recently. Among them, the two sets of Yisheng new materials, with a total of 6.6 million tons, have been reduced by 50%, the 2 million ton / year PTA unit in Yisheng Ningbo was shut down for maintenance on February 10, and the 1.2 million ton PTA unit of Zhongtai Petrochemical started about 80% in early February. The 2.25 million ton PTA plant in Yisheng Dalian is planned to be overhauled in early March, and the specific situation is to be determined. At present, the operating rate of PTA industry has dropped to around 80%.

The production and sales of polyester in the downstream are generally flat, and the resumption of terminal weaving is slow. The starting load of looms in Jiangsu and Zhejiang has gradually increased to around 46%. However, due to the scarcity of terminal orders, it is generally bearish on the price expectation of raw polyester filament, so it is cautious about raw material procurement.

Business analysts believe that there is no new maintenance or restart plan for domestic PTA devices in the near future, and the short-term domestic PTA supply is expected to remain stable, but the recent PTA processing fee has been reduced to less than 300 yuan / ton. Under the low processing fee, PTA devices may have accidental maintenance and production reduction. In terms of demand, after the Lantern Festival, the downstream polyester and terminal looms will resume work and production, and the demand will be warmer. The short-term PTA is dragged down by the crude oil callback, which will weaken the shock, but generally speaking, the falling space is limited.