PTA Overcapacity, Hengyi Petrochemical Expansion

< p > in recent years, the PTA industry has a serious surplus capacity. As a large-scale domestic production enterprise, Hengyi petrochemical company has been expanding in recent years. The company's stakeholders said in an interview that the company's PTA capacity expansion is based on strategic arrangements to enhance the core competitiveness of PTA products. P

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< p > above said, on the one hand, capacity expansion will help further reduce unit energy consumption and achieve the strategic goal of reducing production and efficiency; secondly, it can further increase the market scale, effectively play the advantage of scale, and firmly establish the leading position of the company's "a news/index_c.asp" http://www.91se91.com/ "PTA" /a > products, and further enhance the industrial chain coordination advantages and enhance the overall competitiveness of the http://www.91se91.com/.

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< p > it is understood that the PTA capacity of < a href= "http://www.91se91.com/news/index_c.asp" > Heng Yi petrochemical "/a" and "ginseng" will reach 5 million 650 thousand tons, and its own equity production capacity will reach 2 million 920 thousand tons. In addition, in May 2013, the Hainan Yisheng Petrochemical Company Limited Annual output of 2 million 100 thousand tons PTA project has also been approved through construction.

At present, the company's PTA business accounts for 31.85% of total sales, and its profit in 2013 is 400 million yuan, down by more than 200 million yuan compared with 2012.

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< p > it is understood that since the end of 2011, the PTA industry has been in a state of loss.

Relevant analysts expect that the domestic PTA industry will usher in a new round of capacity growth peak in 2014, and the total capacity is expected to reach 45 million 600 thousand tons by the end of this year.

In response, the above companies said that the utilization rate of capacity caused by PTA overcapacity continued to decline. < a href= "http://www.91se91.com/news/index_c.asp" > supply and demand structure < /a > imbalance, although the trend of capacity growth slowed down and demand growth accelerated, but overall capacity growth was faster than demand growth, industry reshuffle shuffle unstoppable.

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< p > but at the same time, the source said that in 2014, the economic stability of the European and American countries was warming up the demand for textile and clothing, which will promote the obvious growth of China's exports and further stimulate the growth of PTA demand. Two, the supply of cotton will decrease, and the price of cotton imports will rise steadily. This will provide room for the growth of chemical fiber consumption, and will also stimulate the growth of PTA demand; three, with the phasing out of backward production capacity, PTA will accelerate the process of production capacity.

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< p > with the manufacturer's plan to reduce the operating load, part of the purchase intention of May cargo began to appear.

In this case, the price of para xylene (PX) in Zhou Sanya increased by 2 US dollars / ton, valued at 1203 US dollars / ton FOB Korea and 1226 US dollars / ton CFR Taiwan / Mainland China.

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< p > the domestic pta1409 contract opened at a low price, showing a concussion operation within the day, and finally closed at 6418 yuan / ton, compared with the previous trading day settlement price fell 70 yuan / ton, the turnover was 493028 hands, the position increased 18528 hand to 517022 hands.

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< p > spot, the PTA internal market in the morning fell slightly, the offer was within 6450 yuan / ton, the buyer counter-offer 6400 yuan / ton nearby, the negotiation was at 6400-6420 yuan / ton, the external market was weak, the offer was very few, the buyer's counter-offer fell to 895 U.S. dollars / ton, and the discussion was temporarily estimated at 900-905 US dollars / ton level.

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< p > today, the domestic PTA main force 1409 contract has experienced a slight shock and rebound after experiencing a quick drop in early trading, but the strength is relatively limited, and the upper side is heavily selling.

On the spot side, today's domestic mainstream trading price center continues to move downward to 6400 yuan / ton, the purchase intention of downstream polyester is obviously weakened, and the price has also loosened.

Therefore, on the operation, it is suggested that an empty ticket can be rejoined.

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