Supply Side Maintenance Increased Gradually, PTA Market Volatility Is Strong.

According to the price monitoring of business associations, the average price of the domestic PTA spot market in March 25th was 6600 yuan / ton, up 0.39% from last Friday, down 1.45% from the same period last year.

Futures market, Zhengzhou PTA1905 contract opened at 6340 yuan / ton, the highest reported 6418 yuan / ton, the lowest reported 6222 yuan / ton, closing at 6384 yuan / ton, compared with the previous trading day rose 28 yuan / ton, or 0.44%.

The turnover increased to 2 million 626 thousand and 300 hands, and the positions were reduced by 34862 to 963 thousand and 900.

In terms of installations, the 2 million 200 thousand tons of Hon Bang Petrochemical Company in Jiangyin stopped in March 24th and stopped at 50%.

And this week, PTA is facing several sets of device overhaul plans, and its maintenance is expected to increase.

However, the US crude oil output rose to a high level, and Sino US trade negotiations were uncertain, leading to the shift of the focus of international oil prices.

Hengli Petrochemical 2 million 250 thousand tons PX plant has officially produced qualified products, greatly increased domestic supply capacity, cost side support weakened, downstream Jiangsu and Zhejiang polyester filament market situation showed sideways trend, regional mainstream enterprises quoted price basically flat report.

Xia Ting, a business analyst, believes that the supply side of PTA has been increasing gradually, and PTA is showing a strong trend in the short term.