Polyester Industry Production And Marketing Hot PTA Prices Have Also Jumped All The Way.

Under the impact of multiple benefits, polyester industry chain ushered in the two quarter of the "great reversal", polyester raw materials PTA and MEG soaring all the way, polyester bottle piece then triumphantly.

Production and marketing is also quite popular, changing the image of "soft" in the past.

According to the statistics of treasure island, up to now, East China

Closing 5100 yuan ~5110 yuan / ton, East China ethylene glycol closed 7660 yuan ~7680 yuan / ton, East China

Bottle closes 7800 yuan ~7900 yuan / ton.

But this round of inflation disappeared in May, and the overall market was weak and volatile.

The industry said that the current polyester industry has a higher operating rate, which has certain support for the price of PTA, but in the medium to long term, it is very difficult to have room for further improvement.

In terms of crude oil, according to statistics, Saudi Arabia's daily crude oil output reached a record 10 million 300 thousand barrels in April.

According to the report, OPEC's average daily output of crude oil was 30 million 840 thousand barrels per day, an increase of 18 thousand barrels in April.

There is no indication that OPEC will decide to cut production in June.

In addition, shale oil companies in the United States are ready to restart some drilling rigs to increase crude oil production, while Brazilians are not only unwilling to lag behind, but are also preparing to increase exports by 50%.

The global supply side is still loose, and the international crude oil rebound has been blocked. But with the coming of the downstream demand season, the crude oil market is in a dilemma. It will maintain a pattern of volatility in the short run.

Raw materials, in April, the two "fires" ignited polyester raw materials, and the market of polyester bottles rose with a strong mood. But from May, the overall polyester market was in a high and volatile state.

After the return of the festival, Xiang Lu Petrochemical continued to purchase in the spot market, and PX5 ACP price reached $925 / ton in the month of PX5, which is still close to PTA spot trading, and the cost continues to be favorable to PTA.

In addition, the current domestic PTA plant operating rate maintained within a reasonable range, the supply of goods in some areas is tight, supported by this, in early May, the market performance is strong, but in the polyester industry "busy season is not prosperous" under the influence of the paction is still difficult to volume, coupled with the early PTA parking devices have been restarted, the supply side increased, the market shock in mid May weakened.

Related products MEG due to downstream production and marketing downturn, the overall trend in the shock.

Polyester bottles are losing support and the market is weakening.

Polyester industry is booming, and PTA prices are rising all the way.

However, industry insiders say that due to sufficient pre market operating rate and large accumulation of output, later demand will be faced with downward pressure. In the long run, PTA will remain weak.