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    PTA: The Imbalance Between Supply And Demand Is Not Solved.

    2015/12/30 21:19:00 19

    PTAImbalance Between Supply And DemandRaw Material Market

    The installation of Luohua and Helen Petrochemical has successively started. At present, the PTA industry has a capacity base of 46 million 640 thousand tons, with an industry starting rate of 66.75%.

    Removing the 12 million 700 thousand tons of long-term production capacity, the PTA industry's actual operating rate has risen to 93.6%.

    However, at the end of December, there are overhaul plans for BP110 million tons of equipment, and 2 million 200 thousand tons of Yisheng in early January next year.

    device

    There are also maintenance plans.

    With the advent of the new maintenance cycle, supply is expected to shrink again.

    Terminal consumption is weak and suppressed.

    PTA

    The market price is still running around the cost.

    Due to the existence of long-term costs, oil prices can not run in the low region for a long time. The long-term investment value of crude oil appears, and PTA value investment opportunities also appear.

    Recently, polyester filament prices continued to decline, factory losses increased.

    As of December 25th,

    Polyester enterprise

    The production of polyester filament POY, DTY and FDY respectively lost 490 yuan / ton, 490 yuan / ton and 340 yuan / ton.

    Against this background, the operating rate of polyester enterprises has dropped to 75%, and the operating rate of Jiangsu and Zhejiang looms has dropped to 56%, far less than 73% of the same period last year.

    The decline in prices, profits and operating rates reflects the status quo of the "southeast flight" of orders.

    In recent years, due to the significant upward movement of land and labor costs in China, labor-intensive industries have lost competitiveness and forced the pfer of industries to Southeast Asia.

    Industrial pfer is a long-term process. The survival state of Chinese textile enterprises can be described by "boil".

    In terms of external demand, exports of textiles and clothing continued to decline.

    The data released by the General Administration of Customs showed that textile exports in November amounted to 8 billion 658 million US dollars, and total exports from 99 billion 721 million to us in 1 to November, the total export volume decreased by 2.6 percentage points compared with the same period last year. The total export volume of clothing exports was US $13 billion 314 million, 1 to November, and the cumulative export volume decreased by 7.7 percentage points year-on-year.

    In terms of domestic demand, in view of China's slow economic growth and weak consumption, garment enterprises and stores were closed down and employees went home early for the new year.

    The overall pressure of the textile and garment industry is large. We need to find new development space through structural adjustment and innovation drive.


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