Downstream Polyester Sales Are Coming To An End.

At present, polyester stocks are close to the previous high point, and polyester factories are under great pressure.

Data show that as of May 29th, the polyester operating rate dropped to 81.2%, the average stock of polyester increased to 18.4 days, terminal weaving.

Fell sharply to 72%, weaving stocks in Shengze increased to 39 days.

At present, although polyester factories continue to sell profits, the effect is not good, reflecting the weakness of terminal demand.

However, due to

Production is still profitable, and finished products are high. Polyester factories will continue to make profits.

。

If the finished product inventory is difficult to reduce, polyester plant can only choose to continue to reduce load operation.

It is predicted that PTA will remain weak in the short term.

To sum up, the expected increase in PX supply is a drag on PX prices and weakens the cost of PTA.

Under the influence of the downstream peak season, polyester factories continue to give up sales and maintain the demand for PTA.

I believe that in the short term, the PTA price rise is quite difficult, suggesting that the PTA1509 contract should be bought near 4950 yuan / ton.

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