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    Polyester Stocks Fell To The Lowest PTA In The Year And Stabilized.

    2011/6/14 17:20:00 74

    Inventory PTA

    In this week's field visits to Zhejiang and other PTA enterprises, the reporter learned that in early June, the average stock of PTA downstream polyester enterprises has reached the lowest level in the year. From PTA to polyester to terminal chemical fiber plant, the industrial chain has gradually stepped out of the 3-5 month's poor transmission, but the second half of the year affects the PTA price trend.


       Polyester stock Fall to the lowest in the year


    Reporters on the spot visit to understand that the polyester industry production and marketing to promote its main product volume and price rise. At present, most of the mainstream polyester and silk mills in Jiangsu and Zhejiang are stored in a week or so. China chemical fiber information network data show that the price of polyester products has risen over the past week, some of the shortage of filament varieties rose more than 400 yuan / ton. Reporters learned that, because some polyester varieties are in short supply, the chemical fiber plant now takes cash to pick up the goods. It is expected that polyester products will generally increase slightly in the late stage.


    In the past two weeks, polyester enterprises have been stable in terms of demand. PTA price Constitute support. At present, domestic PTA supply is relatively balanced, and spot supply is almost consumed by the price drop in three months.


    Yisheng petrochemical, a senior executive told reporters that the downstream polyester customer group is still expanding, the company does not have the spot supply.


    Deputy general manager of Zhejiang wankai New Material Co., Ltd. Polyester demand The improvement is made by terminal chemical fiber textile, with continuity.


    Data show that in 2010 the domestic textile industry's domestic demand increased from 71% to 81%. In the context of RMB appreciation, this figure has an upward trend, so the downstream demand of PTA is basically supported.


    The impact of new capacity has been reflected in advance.


    In the past week, PTA futures have increased more than 80 thousand positions in the range of 9250-9800 yuan. Does such a large increase in activity indicate that the price of PTA will be changed from stabilizing to rebound? The reporter's visit shows that the production enterprises are cautiously optimistic about the PTA market. The Yisheng Petrochemical executives told reporters, "the most pessimistic month in 4-5 is over, and personally feel that the price of PTA will rebound in the second half of the year."


    At present, the outside world is worried about the supply of PTA upstream raw materials for xylene (PX) supply, two is worried that the second half of the polyester industry can not digest the new capacity of PTA.


    From this reporter's field visit, the main raw material PX supply is not as scarce as before. Its actual supply is relatively loose under the new line of Wu petrochemical, Yisheng and SOIL.


    "At present, the supply of PX is adequate, and the main production enterprises and the upstream are still signing orders". The Yisheng Petrochemical executives believe that there is still room for further downfall in PX.


    From the new capacity of PTA, reporters learned yesterday that Ningbo Yisheng 1 million 800 thousand tons new line was put into trial operation in June 9th, and the device load was about 50%. In addition, 1 million 300 thousand tons of Helen petrochemical in Jiangsu San Xiang lane are expected to run in 8-9 months, but neither company has made clear when it will reach production.


    Let's look at the new capacity of PTA directly downstream polyester. A senior executive of Tong Kun group told reporters that the new production capacity of polyester in the second half of the year was about 2 million tons, and began to put into operation in July. The new capacity in the first half of the year was 2 million tons, lower than the expected 3 million tons, because the domestic textile delivery equipment could not keep up, and some new capacity was dragged to the second half of the year. From the point of time, the new capacity of the two companies is almost synchronous.


    This reporter learned from Zhejiang Yisheng and other PTA enterprises that in the first half of 2011, the monthly import volume of PTA in China was stable at around 500 thousand tons. The annual gap is expected to be roughly 6 million last year. In the second half of this year, the new PTA of the above 3 million tons will reach production smoothly, and it will be increased by 1 million 800 thousand tons in accordance with the ideal load of 60% of the new line.


    In this regard, Ma Xiumei, deputy general manager of Far East Petrochemical Co., Ltd. thinks that whether the Yisheng new product of Ningbo can reach the production smoothly in June has an impact on the price of PTA, but the impact has been partly reflected in the 3-5 month's PTA price. The above executives also explicitly stated that "the most anticipated impact".


    In addition, since mid June, the PTA installation, including 1 million 650 thousand tons of Xiamen Xiang Lu Petrochemical Company and 600 thousand tons of Jiangyin Hon bang, has been declared more than half a month's maintenance period, which overlaps with the Ningbo Yisheng trial run period. The industry believes that this will buffer the increase of PTA's short-term supply to a certain extent.

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