PTA Enterprises Continue To Maintain High Load And Ride Hard

In July, although PTA enterprises suffered many minor failures, the overall load still rose earlier than before. As the Han Bang device was restarted, it was estimated that the output of PTA was 2 million 800 thousand tons in July. The export volume of the three quarter is expected to be 2-3 tons per month, and the supply will be about 2 million 780 thousand tons.

According to the PTA factory's no maintenance estimate, the load in September and 8 remained at about 72%, and the supply was 280 and 2 million 700 thousand tons respectively.

The corresponding polyester load maintained 82.68% in July, the output was 3 million 270 thousand tons, needed PTA289 million tons, and in July, PTA went to stock about 110 thousand tons.

Subject to G20,

Environmental protection, weaving load drop and other factors, at a low level temporarily estimated that the polyester load in August was 78% and 75% in September, corresponding to 308 and 2 million 870 thousand tons respectively, corresponding to PTA demand of 275 and 2 million 570 thousand tons.

PTA8 month inventories rose 50 thousand tons, up 130 thousand tons in September. When the contract was delivered to 09, social stocks were also at a low level.

According to the supply and demand situation, the PTA processing fee is reasonable in the vicinity of 500. PX is calculated on the basis of ACP775 dollars / ton in August, and the spot price of PTA is about 4530 yuan / ton.

If the initial demand has been overdrawn, polyester enterprises are expected to reduce their load beyond expectations, to 70%, and PTA enterprises will continue to maintain high load. In the 8-9 month, the demand for polyester to PTA will be reduced to 248 and 2 million 400 thousand tons, and the surplus will increase by 500 thousand tons. The social inventory will return to the vicinity of 2 million tons, PTA processing fees can be reduced to 300, and PTA spot support will be 4300 yuan / ton.

On the whole, the change of processing fees needs to be overhauled by PTA factory, and the decline of polyester load is more than expected.

Whole

The center should pay attention to the change of cost side PX.

The reason for the consumption data is still maintained. On the one hand, the G20 conference enables some enterprises to produce stock ahead of schedule to meet the parking requirements. On the other hand, the export of terminal textiles and clothing is picking up.

Changes in polyester load during G20

The price has a great impact, and the weaving load is decreasing rapidly, and the production and sale of the products have dropped significantly at the end of the month.

According to the data released by the General Administration of customs, according to the US dollar valuation, in June 2016, China exported about 24 billion 14 million US dollars in textile and clothing, a decrease of 5.27% compared with the same period last year, an increase of 2.12% in the annulus, including 9 billion 118 million US dollars in export textile yarn, fabrics and products, a decrease of 3.70% compared with the same period last year, a decrease of 10.65% compared with the previous month, and an export garment and accessories accessories of 14 billion 896 million US dollars, a year-on-year decrease of 6.21%, a 11.91% increase in the ring.

In 2016, 1-6 months, China exported 125 billion 30 million US dollars in textile and apparel products, a decrease of 2.63% compared with the same period last year, of which 52 billion 443 million US dollars in export textiles, a decrease of 0.91% over the same period last year, and export garments 72 billion 588 million US dollars, down 3.83% from the same period last year.

News: in June 2016, about 24 billion 14 million US dollars were exported for textiles and garments.

According to the data released by the National Bureau of statistics, the cumulative retail sales of clothing shoes and hats and needle textiles were 681 billion 600 million yuan in 1-6 months in 2016, up 7% from the same period last year, compared with 9.8% in 2015, and the growth rate remained at a low level in recent years.

In general, the export situation has improved slightly, and the growth in domestic sales has declined.