PTA Will Continue To Be Weak In The Negative Factors.

According to the price monitoring of the business community, the price of domestic PTA spot market continued to decline slightly. The average price in November 28th ended at 4800 yuan / ton, down 0.80% from the previous trading day, down 23.52% from the same period last year. Futures market, PTA main futures shock dropped, to close the main futures (2001) closed at 4726 yuan / ton, compared with the previous trading day fell 44 yuan / ton, or 0.92%. Intra day turnover increased from 376 thousand to 1 million 255 thousand and 700, and 14312 to 1 million 400 thousand and 900. After the supplier closed the repurchase, Dushan's energy 1 million 100 thousand tons of lines were put into operation smoothly, and Hainan Yisheng and Ya Dong petrochemical installations were restarted, and the supply side was pressurized. At the same time, downstream cautious procurement, and there is a weakening expectation, the spot market lacks clear and good news support, and prices continue to fall.

　　 Changes of domestic PTA plant in November

On the cost side, the closing price of Asian PX market in November 27th rose by 6 US dollars / ton, closing price of 777 US dollars / ton FOB Korea and 797 US dollars / ton CFR China, forming a certain support for PTA. Near the end of the month, the downstream polyester market has a strong wait-and-see mood. The mainstream factories in Jiangsu and Zhejiang provinces have quoted prices equally, of which polyester POY (150D/48F) reported 6900.00-7250.00 yuan / ton. DTY (150D/48F low bomb) reported 8500.00-8750.00 yuan / ton, FDY (150D/96F) reported 6950.00-7250.00 yuan / ton. At present, the new orders of terminal weaving factories are more general, the inventory pressure of weaving products remains, and the support of raw materials market is limited. Under the multiple negative loads, the downstream and terminal factories have to maintain the rigid demand for replenishment, and take measures to reduce risks and avoid risks. At the same time, the comprehensive boot rate of Jiangsu and Zhejiang looms has been decreasing gradually since the start of the National Day holiday, and in the light of the pessimism in the market outlook and the lack of market confidence, the procurement is quite cautious.

Xia Ting, a business analyst, believes that the new production of the PTA device is more concentrated, and the supply will gradually accumulate, and there will be a reduction in the production of polyester in the lower reaches. Especially in the late December to January, there will be a large maintenance plan for the polyester plant. With the shortage of new orders in terminal textile factories, there is a possibility of further decline in the start-up rate of late weaving factories, and the negative factors will be overshadowed, and the PTA market will continue to be weak. In addition, we should pay close attention to the nodes in the downstream and terminal factories.