The Damage Caused By Explosion Is Larger Than That Of PTA.

PTA spot market price and rising price, the East China domestic PTA spot market sporadic offer maintained at 5250 yuan / ton self mention, warehouse receipt offer at 05 yuan price -20 yuan / ton, buying intention is near 5200 yuan / ton, the market transaction in 5220-5230 yuan / ton near self mention. The US dollar cargo market performance remained light, and the shipper's low shipment intention was lower. The offer was sporadic at $730-740 / ton. We heard that the goods were sold at $740 / ton. PTA one day tour supplier's offer is still $750-765 / ton and has not yet heard of the deal.

At about 6:00 in April 21st, the ethylene glycol T-430 tower of Yangzi Petrochemical olefin plant exploded. The ethylene glycol design capacity of the unit was 300 thousand tons / year. Before the explosion, the actual output of ethylene glycol was near 200 thousand tons / year, and the rest part produced EO. At present, the glycol plant in the plant has been shut down. It is reported that the damage caused by the explosion is relatively large.

In addition, in the afternoon of April 20th, Xiang Lu Petrochemical announced the force majeure, because the maintenance time of the PTA device was longer, which affected the supply of the contract in May, and it was temporarily unable to fulfill the contract with the customer in May.

At present, the continuous explosion of device explosion has highlighted short-term profits, but in the long run Fundamentals Look, the pressure of social inventory is still large, and later focus on PTA to inventory progress.

1, PX's performance remained strong. In June, the shipment was quoted at 970 US dollars / ton (CFR China), and the delivery volume was $960 / ton (CFR China) in the same period, and the expected increase was about 10 US dollars / ton.

2, downstream Polyester products As a whole, the volume rose and the production and sales again increased. filament The market is going strong. By the time of press release, the price of polyester factories has increased by 100-300 yuan / ton, with a higher level of 400-500 yuan per ton, and some manufacturers have been raising the price for two consecutive times, or the situation has not been sold.

3. From the inventory data, the total amount of warehouse receipts is 147299, which is 1245 less than the previous trading day, with an effective forecast of 27410.

Affected by the explosion of ethylene glycol T-430 tower in the olefin plant of Sinopec Yangzi Petrochemical Company, namely the epoxy refining tower, the Yangzi PTA and MEG plant stopped immediately. Affected by this news, PTA prices continue to rise. Although Yangzi Petrochemical PTA plant has stopped, its impact on the market is limited, and many of them stop because of the interruption of power supply, and will resume normal production in a short time.

Yisheng Petrochemical announced that the cash price of the PTA main port was quoted at 5200 yuan / ton from the main port, which was raised by 100 yuan / ton compared with the previous trading day. The US dollar offer was $760 / ton, up 15 US dollars / ton compared with the previous trading day. Today, Hengli Petrochemical announced that the US PTA spot main port offered a price of 750 US dollars / ton, up 10 US dollars / ton compared with the previous trading day.