PTA Industry Cost Downward Conduction Pressure Is Bigger.

As the upstream industry of textile industry, PTA industry will benefit indirectly.

The profit margin of PTA industry is not good, and the downward pressure of cost is greater. The improvement of downstream market conditions will promote the pmission of costs.

The industry generally believes that after the recent sharp fluctuations in commodities, the subsequent price trend will once again return to fundamentals.

With the coming of the peak demand season, the increase in export orders will boost the PTA market in the near future.

"However, the pmission cycle of terminal textile and clothing exports to dacron is longer, and the intensity of promotion is expected to be relatively limited, and the upward speed of PTA prices will also slow down."

Xia Ting, a business analyst.

In the view of Wang Guangqian, a futures analyst at Soochow, the devaluation of the RMB has promoted the competitiveness of China's textile and garment export market, bringing the increase of export orders, thereby directly driving the demand for the upstream polyester market and forming a good demand for the PTA market.

"RMB depreciated by 1000 basis points every time, PTA production material PX cost increased by more than 60 yuan per ton."

Zheng Youfei, a German futures analyst, told futures Daily reporters that in recent days, the cost of PTA raw materials is expected to rise by about 180 yuan / ton.

"For PTA enterprises, the downstream demand will expand their demand to upload and guide, and at the same time, with the support of cost side, PTA prices will soon be boosted."

It is worth mentioning that because China's PTA production capacity is relatively concentrated, and the scale is larger, it has more cost advantages than other Asian countries.

In the first half of 2015, China's PTA exports increased by 42.4% over the same period last year. The PTA market structure in China is changing from net imports to net exports.

"The depreciation of the RMB is conducive to the further increase of China's PTA export competitiveness and has a positive effect on easing the overcapacity of PTA in China."

Wang Guangqian said.

Reporters noted that PTA futures did have three consecutive days of market expectations of the "red envelope" market.

As of yesterday's close, PTA futures contract 1601 closed at 4820 yuan / ton, up 140 yuan / ton compared with August 11th.

"In the short term, the depreciation of the renminbi is a market behavior, and its sustainability needs to be treated with caution."

Gong Qingbin believes that considering that China's trade surplus is still relatively large, and the depreciation of the RMB will push capital outflow, the possibility of continued depreciation of the RMB is unlikely.