PTA Prices Fell Sharply &Nbsp; Related Enterprises Began To Limit Production And Insured Prices.
A few days ago, Zhejiang Yisheng, Sinopec chemical sales, Far East petrochemical, Xianglu petrochemical, MITSUBISHI chemical, Sheng Hong chemical fiber, Shanghai Ze Ze and other PTA industry chain related enterprises in Hangzhou.
Xiaoshan
Convene a meeting to discuss industry fundamentals and related issues.
Reduction of production price
Matters.
Li Jianan, a researcher in the chemical industry of CIC, pointed out that, due to the low demand for downstream and the downturn in macroeconomic trends,
PTA price
The PX price of its upstream raw materials is still at a high level, and PTA enterprises have turned from previous violence to losses.
Therefore, in order to reverse this situation, PTA related production enterprises have to consider taking measures to limit production and protect prices.
Li Jianan pointed out that PTA is mainly used in China to produce polyester products.
At present, due to the fact that the macroeconomic trend is not optimistic, the demand for textile and clothing products is limited, and the domestic polyester production capacity has increased rapidly this year, and there has been a serious overcapacity. Now the polyester industry in China has suffered a lot of losses. The operating rate of polyester enterprises is relatively low, which has affected the demand of PTA products, resulting in a decline in the price of PTA.
According to the relevant statistics, the price of PTA market has dropped to about 8000/ tons, and the price of PX raw material in the upstream of PTA is as high as 1400~-500 USD / ton, and the corresponding PTA production cost is as high as 9300 yuan / ton.
loss
Situation.
Li Jianan also pointed out that in the second half of this year, there are many new PTA installations put into operation in China in the second half of this year. The rapid growth of domestic PTA capacity will also play a certain role in restraining the domestic PTA price.
According to relevant statistics, in the second half of 2011, about 3 million 700 thousand tons of new PTA capacity was released in China.
Among them, about 3 million 200 thousand tons of capacity will be concentrated in the two or three quarter, and the risk of oversupply of domestic PTA market will increase.
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