Bad Factors Remain, PTA Continues To Rebound And Drive Less.

According to the price monitoring of the business community, the price of domestic PTA spot market rose slightly, and the average price in December 9th ended at 4865 yuan / ton, up 0.30% from the previous trading day, down 27.92% from the same period last year. The futures market was strong and the main futures closing (2001) closed at 4820 yuan / ton, up 28 yuan / ton compared with the previous trading day, or 0.58%. The spot market is dominated by traders, and odd factories take orders. On the device side, HP Petrochemical 2 million 200 thousand tons PTA plant plans to stop maintenance in December 10th, plans to overhaul 10 days, the current start-up load is near 96%.

Changes in domestic PTA plant installations

On the cost side, the news of crude oil production reduction was lifted, and international oil prices continued to rise. As of December 6th, the main futures price of the international crude oil WTI was 59.20 US dollars / barrel, up 0.77 US dollars per barrel compared with the previous trading day, and the main futures price of BRENT was 64.39 US dollars / barrel, up 1 US dollars / barrel compared with the previous trading day. The closing price of Asian PX market is 788 US dollars / ton FOB Korea and 808 US dollars / ton CFR China, which is flat compared with the previous trading day.

The downstream polyester start-up load has been lowered to below 87%, the market price of polyester filament is basically stable, the mainstream factories in Jiangsu and Zhejiang are offering prudent quotations, the shipping volume is mainly negotiated, and the specifications of polyester FDY are increased by 50-100 yuan / ton, of which polyester FDY (150D/96F) is reported to be 7100-7200.00 yuan / ton. The comprehensive start-up rate of Jiangsu and Zhejiang looms has decreased. Currently, in the vicinity of 70%, raw materials just need to be purchased. The end of the autumn and winter clothing materials transaction is coming to an end. The terminal factories are now making Christmas orders abroad, and the order goods are coming to an end. Orders will gradually decrease in December.

Xia Ting, a business analyst, believes that the rise of crude oil and the maintenance of PTA's own equipment are good for price formation. But the 8 night of Zhejiang Petrochemical Company's PX discharge, PTA supply and demand is still in the accumulation period and the polyester starts to fall, and it is expected that the further rebound of PTA will be insufficient.