PTA Will Maintain A Weak Trend In May -6 Month Maintenance More

In April, the spot price of PTA continued to move downward. As of 30, the average price of PTA spot market was 4828.64 yuan / ton, down 2.11%, down 2.38% from the same period.

Futures market, as of 28 days, the main contract TA709 settlement price of 4954 yuan / ton, compared with the beginning of the month 4978 yuan / ton, down 0.48%.

In the first half of the month, the PTA\PX device overhaul and the downstream terminal textile centralized concussion shock after the Qingming vacation were the main ones.

But in the second half of the month, the domestic overall commodity atmosphere weakened significantly, and with the gradual opening of the PTA maintenance device, crude oil was weak, naphtha and PX were dragged down by the cost side, and downstream.

Down, a lot of negative factors superimposed, resulting in a sharp decline in prices.

In April, the crude oil market was expected to expand at the beginning of the month, with the expected temperature rise. The US crude oil returned to the top of the US $50 mark, but the increase in US crude oil caused the oil supply pressure to worry and its weakness declined.

Crude oil prices fell bad for the PX market. According to the business monitoring data, the factory price trend of PX fell in April, and the average price at the end of the month was 6930 yuan / ton, which was 7.91% lower than that at the beginning of the month, rising 24.77% compared with the same period last year, 7525 yuan / ton.

meanwhile

The price of the external market also dropped. At the end of the month, the closing price of PX was 816 US dollars / ton CFR China, compared with 850.33 US dollars / ton at the beginning of the month, it fell 4.04%.

The dependence on para xylene is as high as 56%, and the drop in external market price is another big disadvantage in the domestic PX market.

downstream

At the beginning of the month, during the Qingming holidays, the prices of raw materials of the downstream enterprises were digested, and the price of the raw materials had a slight rise. However, the pressure on the stock of the polyester factories remained high. The average price of the polyester DTY (150D/48F low elastic) market was 9620 yuan / ton at the end of 30 days. The average price of polyester POY (150D/48F) was 7990 yuan / ton, up 0.58% from the beginning of the month, and the average price of the polyester FDY (150D/96F) market was 8054.29 yuan / ton, up 0.06% from the beginning of the month, up by 8.13%.

The continuous low processing fee will enhance the factory maintenance intention, and the PTA 5 month -6 month overhaul is more. In May, the domestic PTA plan overhaul capacity totaled 4 million 100 thousand tons, accounted for about 10% of the total capacity, while the PTA phased inventory efforts increased, according to the PTA's current maintenance plan is expected to go to stock 200 thousand tons.

Upstream PX expects the supply of PX in Asia will remain low in May, and the downward trend in prices is expected to be limited.

However, under the influence of high polyester stocks in the lower reaches, there is little willingness to receive goods, and market sentiment is still relatively empty.

Meanwhile, the overall market climate of domestic commodities is relatively weak.

In the face of fundamental stalemate, on the whole, it is expected that PTA prices will continue to remain weak in May.

For more information, please pay attention to the world clothing shoes and hats net report.