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    Positive Support Is Still Insufficient, PTA Is Weaker.

    2019/9/24 10:10:00 3

    PTA


    According to the price monitoring of the business community, the domestic PTA spot market price rebounded slightly. As of September 23rd, the market average price was 5188 yuan / ton, up 0.17% compared with the previous trading day, down 35.28% compared with the same period last year. PTA main futures rebounded, closing to the close of the main futures (2001) closed at 5176 yuan / ton, compared with the previous trading day rose 34 yuan / ton, or 0.66%.

    Due to the support of processing fees and the expectation of PTA device maintenance, the price has been favorable, and the atmosphere has increased. On the installation side, the 1 million 400 thousand ton PTA unit of Hua Bin Petrochemical stopped in September 20th and planned to overhaul for about 5-6 days. The load of the domestic PTA plant was reduced to 93%. Specifically,

    Enterprise name capacity Device dynamics
    Jialong Petrochemical Company Sixty August 2nd car maintenance, restart to be determined
    Chuan can chemical One hundred Parking overhaul in September 18th, scheduled for overhaul for one week.
    Fossilization Ninety Parking overhaul in September 19th, scheduled for overhaul for one week.
    Hua Bin petrochemical One hundred and forty Parking in September 20th, scheduled for overhaul for 5-6 days.
    Constant force Two hundred and twenty Plan for 15 days in early October.
    Hon Bang petrochemical Sixty Plan for overhaul in October
    Honggang petrochemical One hundred and fifty Plan for overhaul in October 14th

    On the PX side, Asian PXCFR China closed 20 US $804 / ton, which was flat compared with the previous trading day, and the domestic PX market price trend remained at 6600 yuan / ton. The petrochemical plant started 5. Fuhai aromatics plant started a line, CNOOC refinery plant overhaul, Hengli petrochemical PX plant put into operation, and other devices were temporarily stable. Because of the new plant put into operation, the market price trend of PX remained weak.

    Raw material prices fluctuate, and the terminal's "traditional" textile peak season is not strong, resulting in a slight reduction in polyester start-up load to about 88%. In Jiangsu and Zhejiang provinces, polyester production and sales are generally in general, and some mainstream factories have increased profits and the quoted price has been reduced by 50-100 yuan / ton. Among them, polyester POY (150D/48F) reported 7750-8150 yuan / ton, DTY (150D/48F low bomb) 9150-9450 yuan / ton, and FDY (150D/96F) reported 7800-8150 yuan / ton.

    Xia Ting, a business analyst, believes that although the load of PTA devices has been lowered, it is still at a high level. Although the downstream is near the end of the month, the polyester factory has a general mood of stocking, and some enterprises in the terminal have expected National Day holiday, and the winter orders haven't improved significantly. Overall, the positive support is still insufficient, and it is expected that PTA will weaken in the near future.

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