• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    PX Into The Era Of Excess Capacity PTA Short Term Difficult To Say Stable

    2014/10/8 12:41:00 23

    PXOvercapacityPTA

       PX enters Oversupply times

    Following the pace of PTA expansion, PX capacity has increased significantly this year. As of September, China's PX capacity reached 12 million 215 thousand tons / year, accounting for 29.6% of Asia's capacity, and Asia's PX production capacity reached 41 million 460 thousand tons / year, and Asia's PX started an average of 70%, and its output was about 29 million 20 thousand tons. The PTA capacity in Asia is about 52 million tons / year. According to the consumption of 0.66 tons of PX per ton of PTA and 65% of the start-up 65%, the demand for PX is about 22 million 300 thousand tons, while the output of PX is 29 million 20 thousand tons. At present, 6 million 720 thousand tons of output are oversupply. From oversupply to oversupply in the past, PX prices and profits have been suppressed. This is also the main reason for the downward trend of PTA prices since the beginning of this year. PX has also shifted to a low profit era.

    Because PX Supply is increasing, making PX profit and price being suppressed. The production enterprises change from eating meat into soup. PX has the highest profit of 300 USD / ton, but PX profit is only 35 USD / ton at present. MX Producing PX or even losing money. As of September 30th, the price difference between PX and MX was US $190 / tonne, and the outsourced MX PX system still had a profit of US $40 / ton. The difference between PX and naphtha is US $400 / ton. The reasonable price difference between PX and naphtha approved by the industry is US $300 / ton, and the purchase of naphtha to PX is 100 USD / ton. It can be judged that the profit margin of the PX industry is relatively good, and the supply of PX will increase in the future, so that the price of PX will weaken relative to naphtha price.

    PTA joint limited production price protection far-reaching impact

    In May, PTA enterprises, which were in deep mire of losses, sought alliance. The pricing rules of contract settlement price were changed from spot price + premium to raw material PX cost and +720 yuan processing fee. Since then, the price of PTA has been pegged to the price of PX, which can be seen from the fluctuation of the spot price of PTA around the cost price after the price limit is guaranteed. It shows that PTA and its downstream enterprises have a high degree of recognition for the pricing mechanism. Joint production and price protection also saved PTA enterprises from fire and water, avoiding vicious competition, and had a great impact on the long-term development of the industry.

    Based on the PX price of 1229 US dollars per ton in September 30th, the production cost of PTA is 6630 yuan / ton. As PX now produces profits between 40 and 100 US dollars / ton, assuming that naphtha prices remain unchanged, PX's production profits can be compressed from 40 to 100 US dollars / ton, when the minimum production cost of PTA is 6150 yuan / ton. Since June, the futures contract has generally had a discount of 200 - 400 yuan / ton for spot contracts, so the lowest price of PTA1501 contracts may be between 5750 - 5950 yuan / ton. That is to say, PTA still has room to explore. In addition, the collapse of crude oil during the National Day also contributed to the overall decline of naphtha MX PX, and further weakened the cost support for PTA.

    In general, the continuous decline of crude oil has reduced the cost support for PTA. In the core industry chain of PX - PTA polyester, PX production links still have good profits, and the compression process has not yet been completed. PTA can hardly be stabilized in a short period of time when there is no obvious improvement in downstream consumption.

    • Related reading

    31 Printing And Dyeing Enterprises Completed Rectification And Upgrading

    Material chemical industry
    |
    2014/9/30 15:24:00
    21

    PTA Raw Materials Narrow Range Continued To Rise Prices Rebound

    Material chemical industry
    |
    2014/9/29 15:22:00
    20

    Derek Takes Part In Xiamen Rubber And Plastic Shoes Industry Technology Innovation Exchange Meeting

    Material chemical industry
    |
    2014/9/28 16:02:00
    32

    Reasons For Antibacterial And Mildew Resistance Of Silk Textiles

    Material chemical industry
    |
    2014/9/26 16:58:00
    20

    Functional Adhesive For Fabric Printing

    Material chemical industry
    |
    2014/9/26 16:40:00
    41
    Read the next article

    廣東企業瞄向海淘族 跨境電商要解決三個問題

    近年“海淘”購物在都市白領中興起,如今在傳統外貿困難重重,國內市場競爭日趨激烈情況下,廣東企業已經開始將目光瞄向國外“海淘”族。去年廣東跨境電商交易額居全國之首。

    主站蜘蛛池模板: 久久精品国产亚洲av日韩| 国产性色av高清在线观看| 人人妻人人澡人人爽人人dvd| а√天堂资源8在线官网在线| 精品无码一区二区三区亚洲桃色| 无码人妻精品一区二区三区不卡| 国产亚洲视频网站| 久久99热精品免费观看动漫| 老湿机69福利区18禁网站| 成在线人免费无码高潮喷水| 又大又粗又爽a级毛片免费看| 一本大道一卡二大卡三卡免费| 精品国产乱码一区二区三区| 女人把私密部位张开让男人桶| 人人澡人人妻人人爽人人蜜桃麻豆| JIZZYOU中国少妇| 18禁网站免费无遮挡无码中文| 欧美成人午夜视频在线观看| 国产精品久久影院| 久久综合给合综合久久| 要灬要灬再深点受不了好舒服| 成年免费视频黄网站在线观看| 午夜看一级特黄a大片黑| gogo少妇无码肉肉视频| 毛片免费在线观看| 国产熟女露脸大叫高潮| 久久国产综合精品swag蓝导航| 色伦专区97中文字幕| 少妇高潮太爽了在线观看| 国产乱码在线观看| 久久精品成人国产午夜| 色综合a怡红院怡红院首页| 很污很黄能把下面看湿的文字| 人妻精品久久久久中文字幕69| 4p高h肉辣古代| 日韩三级免费电影| 午夜dj免费在线观看| 91香蕉国产线在线观看免费| 杨幂精品国产专区91在线| 国产99视频精品免视看7| a级毛片免费在线观看|