PTA: Continue To Maintain Weak Thinking

Installation: Yisheng Petrochemical has implemented production reduction plan since December 1st: Ningbo 1#2# maintains parking, 4#225 million tons of plant shutdown, Dalian 2#350 million tons of plant parking, Hainan 2 million 200 thousand tons of plant down operation during the same period, Yisheng December operation rate dropped to below 50%. Three Lane Lane (600370, stock bar) 2#150 million tons PTA device will start from early December to stop and repair, restart time is not yet determined; Jialong Petrochemical 600 thousand tons of PTA device from early December to 6 in the vicinity of the operation, plans to maintain 20 days or so. The Far East petrochemical 4#140 10000 ton PTA plant is scheduled to start maintenance in December 1st and will last for about 10 days.

Honggang Petrochemical Company continued to maintain low load operation in December, and the overall start-up load remained below 85%. Jiaxing Petrochemical's 1 million 500 thousand ton PTA plant has been running down from the current 100% to 85% since December 1st. Since December 1st, Hengli petrochemical company has planned to stop the 2 million 200 thousand ton PTA plant for about half a month. The 4 million 500 thousand ton PTA plant of Xiang Lu petrochemical company has been parking on the whole since 4, and the old plant in Xiamen is now running at 7 load. The Hong Kong Petrochemical Company lowered its load in December and started to maintain below 85%. Ningbo Taiwan 1 million 200 thousand ton PTA plant restarted on 3. At present, the device will increase its load in the later stage, and the factory will maintain about 8 of the operating load in the later stage.

Spot market: Friday PX Asia market fell 23 US dollars to 927.5-928.5 USD / ton FOB Korea and 949.5-950.5 USD / ton CFR China / Taiwan. The PTA spot market in East China is offering less than 5530 yuan / ton, and the delivery intention is maintained near 5430-5450 yuan / ton. A large single transaction was sent to 5480 yuan / ton, and the negotiation was close to 5480-5500 yuan / ton. The market atmosphere of the US dollar cargo market continued to be dull. The US dollar cargo was sporadically quoted for $730 / ton, and the actual negotiation level was not heard near the delivery rate of US $720 / ton. The negotiating price was estimated at US $725 / ton. Polyester filament in Jiangsu and Zhejiang Market quotation Continue to disadvantaged finishing, some chemical fiber manufacturers external offer Down 50-200 yuan / ton, POY150D/144F cash mainstream price adjustment to 8800-9000 yuan / ton.

　　 operation Suggestion: Friday, TA1505 will maintain its concussion and stabilize the spot market. On the supply side, the overhaul in December exceeded the previous plan, and now it starts 48%. In terms of demand, production and sales data are generally 4-9 polyester filament, 3-7 polyester staple fiber and 4-5 polyester chips. In terms of cost, PX fell sharply, which was about 5335 of the cost. The current price in May is equivalent to about US $PX935. December large-scale maintenance, PTA entered the inventory stage, the current inventory is estimated to be around 175 thousand tons, the impact on the contract in the near future, the cost of crude oil has not yet stabilized, PX Asia ACP still can not be talked about, far month contract operation is still high selling short train of thought, continue to pay attention to more than 1 empty 5 strategy. TA1505 pays close attention to the top 5300 pressure.

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Since the beginning of the week, the number of shares in Textile City has become more and more. One week, driven by the rise in stock market volume, the whole social environment was exuberant, especially in the textile industry. Although the market share of textile fabrics is not directly related to the textile city in a week, the indirect changes have come into being.

In the past week, there has been an increase in the number of foreign and domestic traders in the market, and the importation of cloth has been increasing everywhere. A lot of entrepreneurs who participated in the stock market had a lot of happiness in the past week. They believed that the trend of the stock market did not change. According to the current social structure, there are ten years or so that the demographic dividend is basically positive.

One week, as people began to see clearly, the textile industry grew stronger and stronger, acting more straightforward and more trustworthy. They became more friendly with each other, sending more credit and eager to get more cloth than last week, prompting the delivery of packaged goods to delay at night, and the overall operation of the whole light spinning City was faster than last week.

This week is the gradual rise of the textile city in the sixth consecutive week since the end of October, and it is also the biggest rising channel since the second half of the year. A week later, as the old stock market investors unlocked and the new shareholders did not make any profit, the corresponding tolerance of the economic transactions in cloth Management slowed down, which brought positive effect to the market operation, so the sales volume began to increase significantly this week.