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    Weakening Raw Materials And Weakening Production Cost Of PTA

    2015/8/31 21:16:00 42

    Raw MaterialsPTAProduction Cost

    In the past three months, the cumulative value of PTA stock in PTA factories and polyester factories has remained at a relatively high level of 8.5 days.

    Since the repair time is basically between 15 and 30 days, the market is still facing great pressure after restarting.

    In addition, the new capacity will also be released. It is reported that Sichuan has reached 1 million tons of capacity.

    PTA

    The plant put into operation at the end of the year, and 2 million 200 thousand tons of Hon Bang Petrochemical Co. Ltd.

    New capacity

    It will also be completed and put into operation in the four quarter.

    Over the medium and long term, the oversupply of PTA market will continue.

    Upstream PX is also vulnerable to falling crude oil.

    Since August, the price of PX (FOB Korea) has dropped by 11.4%, which is now close to historical lows, reaching 737 US dollars / ton.

    The decline of raw materials has reduced the production cost of PTA. In the background of limiting production and insurance prices in the PTA industry, the theoretical loss of PTA production has decreased from 500 to 600 yuan / ton in the middle of July to less than 300 yuan / ton.

    In the same period, the decline in naphtha was even more obvious, reaching 18.2%. In addition to processing costs, the PX production link still had a profit margin of around us $75 / ton.

    PX

    There is a demand for market or demand.

    From the perspective of industry dynamics, the 2 million ton PX plant of CICC has gradually achieved normal production in August, while increasing domestic supply and forming a certain pressure on the import market. PX will continue to go down a lot in the future.

    Severely affected by dynamic losses, the PTA overhaul device increased significantly. First, the two sets of Yisheng Dalian's total annual output of 6 million tons were reduced by 20% in early July. In August, Hengli petrochemical, Ya Dong petrochemical, Yizheng chemical fiber, Yisheng Ningbo and other PTA devices were overhauled, involving nearly 8 million tons of capacity.

    Factory production reduction has become the main factor to support the disk. The PTA price rose in the first half of August, but the weakness of the spot market also showed that the weak production capacity in the periphery was weak for the market support.

    Related links:

    China Textile City traditional market polyester filament fabric to customers slightly more than last week, the volume of imports increased significantly, a week's total marketing rose slowly compared with last week.

    This week, the marketing of 14 categories of long filament cloth in Textile City has picked up compared with the previous week, and increased by a week compared with the same period last year.

    The beginning of the official order was increased, and some varieties began to be matched by two varieties of market and garment factories. The sale of silk fabrics showed a pick-up stage after the season, and the overall marketing tended to increase slowly compared with last week.

    The demand for the two level market wholesalers increased significantly, while the apparel manufacturers were steadily increasing. The demand for the long cloth was mainly due to the increase in the demand for wholesalers. The total sales of total silk fabrics increased slightly compared with that of last week. Foreign trade in silk fabrics remained uncommon, and the changes in export varieties remained unknown.

    Foreign trade continues to be dominated by dispersive discontinuous turnover, and overall foreign trade marketing is slightly more than last week.


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