National Day Holiday PTA Market Review And Outlook
Before the national day, PTA market Hengli petrochemical, Jiangyin Han bang, Ya Dong petrochemical and other devices announced the maintenance plan in succession. This move slightly lifted the PTA market, but the new Feng Ming 2 million 200 thousand ton PTA plant was planned to put into operation, to a certain extent, it hedged the PTA device maintenance well, and the market space was limited. And terminal grey fabric inventory is still high, resulting in PTA market continued weak.
Price changes of upstream related varieties before and after National Day
Varieties | Company | Nine 30 June | Ten 1 June | Ten 2 June | Ten 3 June | Ten 4 June | Ten 7 June |
WTI | USD / barrel | Fifty-four point zero seven | Fifty-three point six two | Fifty-two point six four | Fifty-two point four five | Fifty-two point eight one | Fifty-two point seven five |
Brent | USD / barrel | Sixty point seven eight | Fifty-eight point eight nine | Fifty-seven point six nine | Fifty-seven point seven one | Fifty-eight point three seven | Fifty-eight point three five |
Naphtha C+F Japan | US dollar / ton | Five hundred and five point six three | Four hundred and ninety-five point two five | Four hundred and ninety-seven | Four hundred and eighty-four point eight eight | Four hundred and eighty-eight point eight eight | Four hundred and ninety-two point eight eight |
PX | US dollar / ton | Seven hundred and ninety-four point one seven | Seven hundred and eighty-nine point three three | Seven hundred and eighty-nine point two five | Seven hundred and eighty point five | Seven hundred and eighty-nine point three three | Eight hundred and two point three three |
Source: lung Chung
As shown in Table 1, crude oil prices generally showed a downward trend during the National Day holiday, and naphtha and PX prices were suppressed first. PX price is subject to overhaul at home and abroad, inventory is in low position, and the price is slightly higher than the closing price in October 7th.
As of October 8th, the PTA market operating rate dropped to 85.98%, down 4.38% from September 30th. In the early days of the National Day holiday, 700 thousand tons of Hon bang, 1 million tons of Sichuan power and 900 thousand tons of Jiangyin Petrochemical were resumed. In the first trading day after the holiday, Hengli Petrochemical 2 million 200 thousand ton PTA plant entered the overhaul state, and the commissioning of the new 2 million 200 thousand meter new device delayed until November, resulting in a high supply situation and a slight improvement in market mentality.
Polyester Market holiday, production and marketing performance is relatively light, resulting in a slight increase in inventory. The terminal market warp knitting machine has been resumed, and the water jet weaving starts to recover slowly, so the inventory of grey fabric has not changed significantly before the holiday.
On the whole, the cost side of raw material PX has little support, and the commissioning of new Feng Ming new plant has been delayed. In addition, some PTA devices are expected to be overhauled. Long Zhong information predicts that the PTA price will be limited in the short term, but the strong driving force is still insufficient.
- Related reading
Sticky Short Holidays, The Price Of Cotton Yarn Rose Slightly In Mid And Late 10.
|
- brand building | 江蘇陽光集團智能紡織車間投產 實現提質增效
- Fujian | 福建紡織產業規模超7000億元 居全國第5位
- Enterprise information | 武漢裕大華100歲了！已成紡織業的“活標本”
- brand building | 山西綠洲：大麻紡織智能化生產線項目投產為50年廠慶送“大禮”！
- Association dynamics | “發展中國家紡織服裝產業園區管理官員研修班”在北京圓滿結束
- Fashion character | From Child Labor To Clothing Richest Man, The Invisible Giant Changes His Destiny By Weaving.
- Other | Shandong Mobile Helps Upgrade The Wisdom Of The Textile Industry And Create A New Model Of "5G+ Smart Textile".
- Instant news | The Scale Has Exceeded The Sum Of The United States, Japan And Germany. Why Does China Need To "Push The Manufacturing Industry Up"?
- Professional market | In The Future, Consumers Can Use Alipay In Burberry Global Self Store.
- Dress culture | Federer China Meets Again To Visit Shanghai'S Flagship Store In UNIQLO
- Weakness In Terminal Demand Dragged Polyester Bottles After National Day
- Sticky Short Holidays, The Price Of Cotton Yarn Rose Slightly In Mid And Late 10.
- 國慶節純滌紗價格回調200元/噸 價格繼續下探幅度有限
- 福能股份(600483)：截至9月末“福能轉債”轉股6583股
- Fu Neng Shares (600483): Issue Of Shares To Buy Assets Approved Applications Received By The China Securities Regulatory Commission
- Changshan North Ming (000158): As Of The End Of September, A Total Cost Of 240 Million Yuan To Buy Back 2.71% Shares
- Changshan North Ming (000158): Second Largest Shareholder, North Ming Holding 3 Million 980 Thousand Shares
- Jiahua Energy (600273): China Daily Intends To Send 10 Yuan 1.65 Yuan Registration Date October 15Th
- The Original Flavor Of The Military Tide Brand Smell Army Green Series Of Single Products Listed
- High Inventory Of Grey Cloth, Reduction Of Production Or Technical Transformation In Textile Mills