Good Fundamentals Show That PTA Continues To Have Strong Shocks.
According to the price monitoring of business associations, the domestic PTA spot market rebounded slightly today (April 15th), with an average price of 6712 yuan / ton, up 0.02% from the previous trading day, up 20.66% over the same period last year.
At present, the PTA operating rate is near 80%, and the 4-5 month PTA factory overhaul is expected, and the operating rate is expected to continue to fall.
The cost side support remains, oil prices are high and volatile, domestic chemical industry parks have been rectified, the failure of the Formosa Plastics aromatics plant has been resumed, and PX has stabilized.
Downstream polyester start up to maintain 90% high operation, supply and demand side inventory still exists.
The production and sales of polyester market increased to near 110%, the market was temporarily stable. The prices of mainstream factories in Jiangsu and Zhejiang provinces were basically flat, of which polyester POY (150D/48F) reported 8900-9400 yuan / ton, polyester FDY (150D/96F) reported 9500-9660 yuan / ton, and polyester DTY (150D/48F low bomb) reported 10310-10710 yuan / ton.
To sum up, Xia Ting, a business analyst, thinks that the short-term PTA will continue to be strong and strong. It is still necessary to pay attention to the changes of the device maintenance and downstream follow-up.
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