The Demand Of PTA Is Affected By The Operation Rate Of Polyester.

In recent years, due to the start-up rate of active control devices in domestic polyester enterprises, the demand of PTA has been obviously affected by the operation rate of polyester.

After the Spring Festival, the operating rate of polyester started to rise, and the price of PTA rose. But the restriction on production and production at the G20 summit disrupted the demand rhythm in the middle of the year. In the four quarter, the better performance of the polyester industry provided an internal driving force for the rise of PTA prices.

In 2017, domestic polyester production capacity increased more than that in 2016, and it has certain positive effects on PTA.

In the first three quarters of 2016, the low price of PTA was the main shock. The trend showed obvious band characteristics. The main operating range was 4500-5000 yuan / ton. In the fourth quarter, the price rebounded to 5600 yuan / ton line under the promotion of basic improvement and capital, and the downstream polyester market was all good. With the decline of the external commodity market, the PTA price at the end of the year was dragged down.

Raw materials PX or first suppressed.

In the first half of 2017, the supply and demand side of domestic PX may gradually tighten. PX will meet the coming and going inventory cycle, and prices will continue to be strong, and industry profits may continue to remain at a good level.

Industry competition intensified.

In 2016, the supply of PTA industry in China showed a relaxed situation, but the competition pressure of the industry was relatively small, and no backward production capacity was eliminated in the year, and even a long-term shutdown of Jialong petrochemical complex production was achieved.

But in 2017, the new production capacity and the resumption of old plants were concentrated in the first half of the year. The pressure of supply increased sharply, industry competition intensified, PTA processing fees would fall again, and backward production capacity will once again undergo severe tests.

Terminal consumption is getting warmer.

Fourth quarter of this year

The performance of the market has shown signs of improvement. In addition to the possible export increase caused by the depreciation of the RMB and the double positive effects of Christmas orders, the double eleven promotion has led to the climax of domestic consumption, and has contributed a lot to the consumption of the textile and garment market.

In 2017, both exports and domestic demand are expected to rise. The improvement of the textile and garment market has increased the demand for raw materials and has shown some positive effects on PTA.

Viscose staple fiber market remained calm, manufacturers offer more than not adjusted, the middle end of the mainstream offer to maintain 16700-17000 yuan / ton, high-end in 17000 yuan / ton, the market new single trading atmosphere gradually dull.

The basic stock before the end of the season is coming to an end, and more busy with the end of the holiday.

Viscose factory to complete more pre orders, the market as a whole, the new single tends to be gentle.

In 2017, the price of PTA rose, but there was still a lack of trend.

In 2016, the focus of crude oil prices rose, leading to the shift of the cost of chemical products. In addition, the price of PTA rose as a result of the overall rebound in domestic commodity prices caused by capital allocation, especially in the four quarter.

But compared with other commodities, PTA growth is still lagging behind, so it has been favored by many times.

In 2017, crude oil prices are expected to remain volatile.

There is a lack of trend guidance in the area; the seasonal regularity of industry is obvious; it continues to guide the price cycle of PTA; the pressure of supply and demand is rising, and the industry competition is intensified in the new year, and prices remain low.

During the year, the price trend of PTA will continue to show obvious bands, and the main operation interval will be 4700 yuan / ton -6000 yuan / ton.

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