The Profit Of PTA Manufacturers Gives Pet Enterprises The Opportunity To "Breathe".

At present, polyester downstream weaving enterprises gradually change from centralized stocking to rigid procurement.

As the Spring Festival draws near, the load of downstream weaving enterprises will drop to freezing point, and demand will further decline.

However, judging from the survey, different enterprises have different load adjustment situations. Some enterprises have parking overhaul plans at the end of the year, and some enterprises say that workers will run at high load as long as there are workers.

"During the Spring Festival, there will be room for a reduction in the polyester production rate, but in view of the current production and operation conditions, the situation of large-scale parking inspection in the past is difficult to reproduce."

Wang Guangqian believes that from the perspective of demand alone, polyester prices will fall or consolidate at the end of the year.

In this visit, "thank PTA manufacturers" is the common aspiration of many polyester enterprises.

In the past two years, some profits of PTA manufacturers have given pet enterprises the chance to "breathe".

Reporters learned that, in order to eliminate the need for backward production capacity, PTA leading enterprises have adopted a low price strategy to keep PTA prices near the cost line, so as to eliminate small factories which do not have scale effect.

In this case, even if commodity prices rise this year, the price of PTA will remain relatively weak.

"Although the profit making behavior is passive, it is undeniable that the price of raw materials in the upstream is relatively low.

The profit is guaranteed this year and the business situation has improved significantly.

Huang Liqiang said.

In the whole PX-PTA- polyester industry chain, the source is crude oil, the upstream is PX, the middle reaches are PTA, the downstream is polyester, and the terminal is chemical fiber textile.

It is understood that due to the increased pressure on environmental protection, PX has fewer new capacity, plus a longer production cycle, the domestic PX capacity growth is far below the PTA capacity growth rate.

This has led to a large number of domestic imports of PX. In recent years, the import dependence of PX has been increasing. The PX industry has the strongest bargaining power in the whole industry chain, and the profit of the industry chain is also mainly concentrated in the PX industry.

From the past two years, we can see that in the supply and demand pattern of PX-PTA- polyester industry chain, PX is relatively strong, and it occupies a large part in the profit distribution of the whole industry chain.

The supply is relatively loose, the whole is cost pricing, and the ups and downs are relatively passive. The polyester market is similar to PTA, which is in a relatively weak position in the whole industry chain pricing, and profits are often at low or even loss.

"When the price of the whole industry chain is rising, the PX of the upstream raw materials is the biggest increase, which has eroded some profits of the PTA industry, and the price of PTA has increased.

Prices are rising passively.

Wang Guangqian said, but because of less than PTA, polyester production profits were also compressed, and even last polyester production loss, shrinking demand situation, and then reverse the PTA market demand and product prices.

After the PTA production profit is compressed again, it also needs to stop and repair and compress PX. The reversal of PX's strong supply and demand situation will drag down the price of PX, thus easing the cost pressure of downstream PTA and polyester.

In the second half of this year, especially after October, the demand for terminal demand has been released, and the supply and demand pattern of polyester links has been the first to be improved. The profit has risen sharply, which has further promoted the market demand of PTA and PX, and the corresponding price and profit have also shown a slight expansion.

This situation is different from the usual cost push, and the sustainability is stronger than before.

In this survey, the futures Daily reporter learned that, after seeing the high profit of the downstream polyester link, some PTA factories may voluntarily shrink the contracted goods ratio of the downstream polyester factories, and control the source of goods, so that traders and downstream polyester factories can reduce the operation of the current PTA arbitrage, and thus control the whole market to a certain extent, and the strategy or adjustment of profit making in the past.

Some PTA factories believe that the production profit of PTA in 2017 should be better.

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