PTA Supply Exceeds Demand, And Rising Factors Weaken.

< p > < strong > < a > href= > http:// > www.91se91.com/news/index_c.asp > PX < /a > new capacity supply, supply gradually relaxed < /strong > /p >

< p > Samsung Total 1 million tons PX was officially released and returned to Qingdao in July 10th until 1 million tons PX plant in August. In August, 1 million 300 thousand tons of SK, 800 thousand tons of aromatics and 550 thousand tons of Indonesian TPPI were put into operation, totaling 4 million 650 thousand tons.

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< p > parking inspection and maintenance. Shanghai Petrochemical 600 thousand ton PX plant has been parking for one month since July 9th. The 800 thousand tons of HC equipment in South Korea has been overhauled since June 1st and has not been restarted; Tenglong aromatics 1 million 600 thousand ton plant is scheduled to be overhauled at the end of August; the new Japanese stone 800 thousand ton capacity is overhauled to September; the Formosa Plastics 870 thousand ton plant is scheduled to be overhauled for 40 days in September.

The total amount is 4 million 670 thousand tons.

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< p > 7 and August, the capacity of new and overhaul is basically the same, but the late supply is becoming more and more relaxed. It has become a common understanding that PX production profit will gradually drop to a slight profit. The PX spot price at the end of June will become the highest price for a long time.

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P > < strong > < a href= '> http://? www.91se91.com/news/index_c.asp > PTA < /a > the load rebounded quickly, and the oversupply reappeared < /strong > < /p >.

< p > the PTA load rebounded rapidly from 55% in July 4th.

Ningbo Taiwan 1 million 200 thousand tons PTA plant, Xiang Lu new device, one of the 1 million 500 thousand tons of equipment was restarted in July 6th, 700 thousand tons of Ningbo MITSUBISHI, and 1 million 500 thousand tons of Honggang Petrochemical Company were restarted in July 7th; Hengli 2#220 million tons device was restarted in July 12th; Yisheng Dalian 3 million tons capacity expanded to 3 million 750 thousand tons, qualified products in mid July; Fujian 600 thousand tons of 600 thousand tons of equipment in July 9th restart; Tong Kun 1 million 500 thousand ton plant is expected to drop to 50%, maintenance time for about a week; Helen Petrochemical 2 device 1 million 200 thousand tons are expected to be put into operation in September.

It is expected that the load of PTA will reach more than 75% by mid July.

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< p > PTA can the enterprise alliance continue to maintain its start-up load below 70%? Because of the decline in the conversion cost of PX, PTA production is still at a small profit level. At this time, the reduction of the load of PTA enterprises can only be a red envelope to small businesses, which is not in line with their own interests.

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< p > < strong > > a href= "http:// www.91se91.com/news/index_c.asp" > polyester < /a > production and marketing slump, limiting late start up < /strong > /p >

< p > under the background of rapid pull-up of polyester raw materials in June, polyester load had a certain decline. Among them, the bottle factory was the largest proportion in the limited production team due to the obvious loss, and the lowest pet load fell to 72% in the same month.

From the maintenance plan, the polyester plant expects to restart 1 million 90 thousand tons in July, with 650 thousand tons of shutdown and maintenance, and 800 thousand after July. It is estimated that the start-up load will be maintained at less than 75%.

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< p > after mid June, the production and sale of polyester filament gradually declined. In July, the average production and sales were only five or six, and the weekend production and sales were mostly around two or three. The weakness of polyester market was obvious.

From the end of May up to now, the rate of start up of the downstream weaving and weaving has been decreasing, especially in July. In some areas, it has dropped by 25% compared with the end of May.

The stock of polyester products has increased significantly in recent years, weaving inventory is also at a high level, and polyester enterprises do not increase load dynamics.

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< p > overall, the dynamic oversupply of PTA starts in late July, but the short-term growth rate is limited and much in the hands of PTA big enterprises. For the 1409 contract, speculation will be short or will be faced with the dilemma of no delivery.

In contrast, the PTA1501 contract is expected to bear the pressure of PX, PTA capacity growth, demand decline, inventory rebound and other pressures. High cost and low inventory have already appeared, and the market outlook is expected to start a new downward trend.

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