PTA Factory Repair Equipment Has Been Restarted Polyester Factory Production And Sales Performance Is Good.

In late September, although the polyester plant still maintained a relatively high level of start-up, with the redevelopment of Honggang petrochemical, Hengli petrochemical, Yisheng Hainan and other maintenance devices, PTA comprehensive load started to pick up.

Looser than earlier performance, to a certain extent, suppressed the PTA price trend.

From the market outlook, Tianjin petrochemical and Ya Dong petrochemical plant restarted, but Hengli petrochemical and Yanda grand total of 4 million 450 thousand tons of equipment entered the repair cycle in October 7th and 8th, will offset the increment of the restart device, and further reduce the comprehensive operation load of domestic PTA.

Data show that as of October 8th, domestic

The combined load of the factory is about 65%, which is nearly 4 percentage points lower than that before the national day.

As a result, the boosting effect of PTA is also reflected in spot prices. The PTA spot quotation of East China's domestic trade climbed to 4650 yuan / ton in October 9th.

On the one hand, since April, the polyester plant has always maintained a high load operation. Even in the traditional off-season from 7 to August, there has been no drop in demand, so that the demand has been released in advance. On the other hand, the profit of polyester products has been compressed recently, and the profit of the main products has dropped by more than 200 yuan / ton compared with the peak level in early August, which will also loosen the high and negative running intentions of polyester factories to a certain extent.

From the point of view of processing, the level of PTA processing profit has been picked up by the repair of equipment, and the theoretical processing cost of 720 yuan / ton has been calculated. The PTA loss is about 300 yuan / ton, and has recovered to the average level near the year.

Overall, due to the recent overhaul of the large plant, the PTA composite load will remain below 65% level, which will form a certain support for the price.

9 in mid and late June, polyester plant operation rate increased rapidly, and maintained high load operation in early October, or benefited from the G20 summit's holiday arrangement.

According to statistics, as of October 8th, the comprehensive plant load of polyester plant was 82.7%, and the load of Jiangsu and Zhejiang looms was 81.5%.

In the late stage, the international oil price was further higher and the downstream polyester high starting operation was doubtful, but it was supported by the strong oil price pattern and the PTA plant.

It is expected that the PTA short line will continue to rebound, and the pressure level above the 1701 contract will be 4950 yuan / ton.

From the perspective of production and marketing, the production and sales of polyester products have been rebounded due to the rapid rise of crude oil prices at the cost end and the start of the downstream replenishment market.

It is understood that in October 8th, the production and sales of chips in Jiangsu and Zhejiang provinces were concentrated in 70% - 120%, and the production and sale of polyester yarn was near 100%.

According to statistics, from 1 to 7 October, the stock of polyester factories is expected to increase by 2 days or less, at a relatively reasonable level.

Therefore, in the short term, the demand for raw material PTA in polyester factories can still be maintained, but there is doubt in continuity.

The recent strong performance of oil prices will drive the market of domestic petrochemical products higher, but international oil prices are facing an important pressure level of 50 US dollars / barrel, and the US crude oil production has narrowed narrowing. The number of online drilling has increased for 14 weeks in 15 weeks, while Russia's output is at a record high.