In The First Quarter Of 2014, The Price Of PTA Will Drop From 7700 Yuan Per Ton To 7100 Yuan Per Ton.

< p > domestic environmental awareness enhancement, coupled with the "demonized" PX of the market, has led to the emergence of a boycott of PX production, resulting in a huge PX capacity gap and a profit of 200 to 300 US dollars / ton. Such huge profits attract new capacity to go into operation. By the end of the year, the PX capacity of Asia will reach 4 million 550 thousand tons. Among them, the domestic production capacity increased by 2 million 850 thousand tons. < /p >
< p > in recent years, only China has increased PTA production capacity. The target of new PX capacity in Asia is mainly in China's market. If all the new PX installations are successfully put into operation, the average monthly output will reach 950 thousand tons, and the monthly import volume will exceed 900 thousand tons. By the first quarter of 2014, the shortage of PX will be eased. Due to the single use of PX, the maximum profit will be halved. In the latter part of the first quarter of 2014, the profit of PX will be reduced from 200 to 300 US dollars / ton to 50 to 150 US dollars / ton, and the price of a > PTA < /a will also be reduced by 600 yuan / ton. < /p >
< p > the "four trillion" at the end of 2008 and the profit boom at the end of 2010 made the PTA industry totally lost in the expansion of capacity. The construction period of the PTA device is roughly two years. In 2011, a new round of capacity expansion was launched. In 2012, 60% of the new capacity directly pushed the PTA industry into a loss situation. The new device in 2013 had to postpone driving. However, under the pressure of funds, Xianglu 4 million 400 thousand tons capacity will be put into operation in November, and the capacity of Sheng Hong 1 million 500 thousand tons and Hengli 2 million 200 thousand tons will be put into operation by the end of the year or early 2014. In the first quarter of 2014, domestic PTA capacity was as high as 41 million tons. Coupled with the expected production in the third and fourth quarters of 2014, domestic PTA production capacity will exceed the downstream polyester production capacity in absolute terms. < /p >
< p > > a > polyester polyester industry < /a > construction cycle in about a year, the whole industry has entered the overcapacity stage earlier than the upstream, long-term loss or slight profit has reduced the new capacity significantly, and eliminated a batch of polyester enterprises step by step in the process. Because of the severe overcapacity of PTA, the operation rate of polyester enterprises has become an important index for the import, profit and load of PX, and the output and cost of PTA are also closely related. < /p >
< p > at present, polyester industry is still in a low ebb, slicing, staple fiber and filament are all depleted, and the loss of some varieties has reached the maximum in recent years. < a target= "_blank" href= "http://www.91se91.com/" > textile > /a > < a target= "_blank" href= "http://www.91se91.com/" > clothing < _blank > is an indisputable fact about the poor consumption of polyester. In recent years, the polyester industry has reduced its start-up load to 78.3%, and PX profits and loads have also declined. Compared with historical data, the weaving load of Jiangsu and Zhejiang is maintained at a high level. Under this load, polyester stock is still on the rise. Polyester polyester enterprises can effectively reduce their inventory only by reducing their own load. It can be predicted that polyester polyester will start at 75% to 80% in a long time. < /p >
< p > above all, I believe that after the new capacity of PX and PTA is put into operation in the first quarter of 2014, the price of PTA will drop from 7700 yuan per ton to 7100 yuan per ton. PTA will be the most vulnerable breed in the industrial chain, and will be in a long way to go in the next few years. < /p >