Interpretation Of Supply And Demand Of PTA

The maintenance and new operation of PTA devices in China started in April 5th. The Ningbo Yisheng 650 thousand ton PTA plant was restarted, and the device maintained full load operation.

Affected by the accident of Tenglong PX, the 4 million 500 thousand ton PTA plant of Xiang Lu Petrochemical (Zhangzhou) stopped at the beginning of the 4 month.

Ningbo's 1 million 200 thousand ton PTA plant stopped in April 7th, and the parking time lasted about 25 days.

Yangzi Petrochemical 3#65 million tons PTA

Affected by ethylene glycol unit, temporary parking is checked on 21 days. Restart time is to be determined.

On the 22 day, the BP125 10000 ton 3#PTA plant in Zhuhai stopped short.

Yam Shanda's 220 million tons 1# plant is scheduled to resume in late April.

The Ningbo MITSUBISHI 700 thousand tons PTA plant is scheduled to stop and repair in mid May. The maintenance time is about a month.

Hengli petrochemical PTA plant plans to repair its 1-2#PTA device in turn in 5-6 months, with 2 million 200 thousand tons per month.

About half a month.

According to the operation load calculation of domestic PTA manufacturers, April

The average load is maintained to about 60%, and the running load of the downstream PET chip device gradually rises to about 60%.

At present, the PTA inventory is maintained at about 3-7 days, a slight decrease compared with the previous stage. Overall, the domestic PTA plant start-up rate is maintained at around 60%, the industry is in a loss situation, Xiang Lu 4 million 500 thousand tons PTA PTA device parking, Hengli petrochemical and Ningbo MITSUBISHI plan to overhaul, short-term market supply pressure has eased.

PTA contract goods, Sinopec April PTA settlement price of 5250 yuan / ton, the settlement price rose 450 yuan / ton last month, Hengli petrochemical March PTA settlement price of 4820 yuan / ton.

Hengli petrochemical, Xiang Lu petrochemical PTA settlement price in April to implement 5200 yuan / ton.

Xiang Lu petrochemical May PTA listing price of 5000 yuan / ton, Hengli petrochemical May PTA listing price of 5400 yuan / ton.

The domestic PTA spot market is on the rise.

As of April 28th, the price of PTA East China market was 5200 yuan / ton, up about 800 yuan / ton compared with the end of 3 month, and the spot price of external market was reported to 730 US dollars / ton, up by 112 US dollars / ton compared with the end of March.

Asian PX prices rebounded from 786-810 US dollars / ton at the end of March to US $938-960 / ton in April. In April, PTA's dynamic production profit was 100 to 300 yuan / ton.

Upstream PX prices are rising gradually, while PTA manufacturers maintain losses and cost side support is strengthened.

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In April 30th, most of Cangzhou's low-grade seed cotton was 2.00-2.52 yuan / Jin, and Hengshui, Xingtai and other places 1.80-2.40 yuan / Jin line.

According to the introduction of the 200 small factories, there are basically no cotton farmers to sell on their own at present. Instead, they send their own staff or contact cotton brokers to purchase from street to house.

It is expected that there will be no more seed cotton buyers in late May.

Spot is still in the doldrums.

At present, most of the ginning plants in China are out of stock, and the selling pressure of sporadic stock enterprises is still large.

In April 30th, the head of a 400 large plant in Handan said that there were 120 tons of stock at present, 3128, 4128 and 2227 of the main level, 13000 yuan / ton, 12600 yuan / ton, 12400 yuan / ton respectively, which is the main price in Hebei.

However, a small number of enterprises are realizable, and the 3128 level offer is only 12700-12800 yuan / ton.

But even so, sales are still not ideal.

Real estate cotton is low in price and low in price, which has not attracted the attention of cotton enterprises.

A cotton trader said that at present, the Xinjiang hand picked cotton price in Hengshui was 2128, 14200 yuan / ton, and 3128 grade 13800 yuan / ton, which changed little compared with last week.

Some machine picked cotton declined a lot. The cotton picker's highest price of machine picked cotton was 13200 yuan / ton, down 200 yuan / ton compared with last week's 13400 yuan / ton.

"People are not interested in such a low price offer."

The cotton merchant said, "hand picked cotton is shipped on a" smooth wind ", which has increased since last week.

The cotton trader said that it will continue to insist on the current price stable shipment.

Unlike cotton "mild warming", cotton pairs are still "cold wind".

On the same day, the owner of Dongguang oil extraction plant said that at present, the price of cottonseed arrived at 1.10-1.12 yuan / jin (oil content 12%, moisture 12%), though it dropped by 0.01-0.02 yuan per week compared with last week, but the business life is still hard.

First, squeezing losses, their enterprises lose 45 yuan / ton line, the loss of neighboring enterprises is also 30-50 yuan / ton; second, cotton oil is unsalable.

At present, many enterprises have stock of cottonseed oil, although the price falls to about 4700 yuan / ton, but there is little concern.

According to the person in charge, at present, the operation rate of Hebei oil mill has dropped to 15%, which is expected to fall to more than 10% in mid May.

Nowadays, it is not easy to find high-quality long staple cotton in Hebei, mainly because some cotton merchants have suspended quotations.

On the same day, Hebei's 137, 237, and 337 grade long staple cotton prices were at 28600-28800 yuan / ton, 27600-27700 yuan / ton, 26300-26500 yuan / ton, compared with last week, they continued to rise 200 yuan / ton.

Recently, Xinjiang cotton ginning factory continued to raise its quotations due to rising cotton futures and increasing market confidence.

The mainland's long staple cotton also rises.

Many industry indicated that the long staple cotton could challenge 29000-29200 yuan / ton high point in the near future.