• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Some PX Manufacturers Welcome The Overhaul Plan. Can The Polyester Market Take A Turn For The Better?

    2020/4/15 14:31:00 0

    PX MaintenancePolyester Market

    The "black swan" incident has been continuously fermented, and the demand for chemical products in the global market has shrunk dramatically, overlaying the sharp fluctuations in the crude oil market, and constantly lowering the prices of chemical products, or even losing money.

    PX market is also doomed to fail. Last week, some PX manufacturers introduced the device maintenance plan:

    A 800 thousand ton PX plant in North China was stopped for maintenance in April 8th, after which the operation load of the device was around 7.

    A 750 thousand ton PX plant in North China has been temporarily shut down for a week.

    Of course, this is only a beginning. In this low demand situation, we do not rule out that the late stage will bring more PX manufacturers to centralized maintenance.

    In March, the PTA device ushered in a wave of upsurge of maintenance, involving nearly 10 million tons of capacity. So what is the reason for the overhaul of the PX plant?



    01

    PX capacity surge, or will face oversupply.


    As the demand for PX increases in the domestic market, and the domestic PX capacity is insufficient, and the operating rate is low, the PX demand gap is bigger. China is the country with the highest demand for PX market worldwide. In recent years, China's import dependence on PX has been on the rise. In 2018, the import dependence of p-xylene in China reached 61%, up 14 percentage points from 2012.

    In order to solve the self-sufficiency of PX market, in 2019, with the development of Hengli petrochemical, Sinopec, Hongrun, Hainan refinery, Zhejiang Petrochemical and other large scale refinery and petrochemical plants, the PX market ushered in the concentrated production of capacity, while in 2020, it was estimated that PX had about 4 million 800 thousand tons / year of new investment device. With the continuous production of large scale refinery and petrochemical projects in China, the output of PX has been released more than domestic demand.

    02

    PX market plummeted, prices and profits low


    Since last December, the price of PX has been on the down track, especially under the negative influence of the crude oil slump. The price of PX (FOB Korea) is currently around 462 dollars. It can be said that the price of PX has been in the low position for more than a decade. Falling prices will inevitably lead to a compression of profits. Over the past year, PX's profits have been in a state of loss, and the extent of losses has been widening and fluctuating within a certain range. At present, the profit margin of PX has been reduced to around $76 / ton, while PX profit last year was near $115 / ton.

    Under the double blow of the weakening of the environment, the impact of pneumonia and the poor performance of crude oil, profits and prices both fell, overhauled or to a certain extent.



    What is the impact of PX on the polyester market?

    01

    Effective support for PTA price formation


    As the direct raw material of PTA, the price of PX has important cost support for PTA. If PX is overcapacity, the price will naturally be restricted. For PTA, the upstream cost is getting loose. Naturally, it can not form effective cost support. To a certain extent, it will inhibit the rise of PTA price. PX device maintenance, capacity constraints, price support, for PTA, can play a cost supporting role.

    02

    Indirect good PET filament yarn


    Polyester filament as an important component of the polyester market, prices have been falling for nearly half a year, breaking through the bottom price. In addition to the shrinkage of demand side, its high inventory and increased capacity, the ups and downs of upstream polyester raw materials market also have an important impact on them. PTA, as one of the most important raw materials of polyester filament, plays an important role in promoting the price of polyester filament. If PX overhaul can be a good price for the PTA market, it will naturally benefit the polyester filament directly and inject "strong heart" into its price.

    At present, the weaving market has entered the pattern of no single business, and the polyester market is also accumulating in a large area. In addition to shrinking demand, inventory is one of the most important factors that drag up the upward trend of PTA market. Up to now, PTA social inventory in the vicinity of 2 million 440 thousand tons, terminal demand is low, PTA social inventory level is constantly high. Therefore, the demand of PTA also directly affects the trend of PX market.



    At the same time, polyester market stock is also increasing. From the statistics of China silk net, the overall stock market of polyester market is concentrated near 33-44 days. Polyester stocks are high, natural demand for PTA is reduced, and PTA stocks are accumulating. So for the PX market, polyester demand is slowing down, but PX capacity is still in the form of continuous delivery. Device maintenance may be a better way to raise prices.

    • Related reading

    Imports And Exports Of Goods In The First Quarter Decreased By 6.4% Compared With The Previous Year, And Imports Of US Cotton Increased By 43.5%.

    quotations analysis
    |
    2020/4/15 14:30:00
    0

    Sino US Trade And Cotton Textile Market

    quotations analysis
    |
    2020/4/10 14:25:00
    2

    Behind The "False Prosperity" Of Polyester Factories, There Are Still Crises.

    quotations analysis
    |
    2020/4/9 15:52:00
    2

    Analysis Of The Price Trend Of Polyester Bottle In The First Quarter Of 2020

    quotations analysis
    |
    2020/4/8 20:39:00
    1

    The Whole Chain Shock Butterfly Effect Of Textile Industry Affects Farmers

    quotations analysis
    |
    2020/4/7 14:59:00
    155
    Read the next article

    Appreciation Of The Joint BE@RBRICK Doll White And Red Interpretation

    MEDICOM TOY x ALIFE joint BE@RBRICK doll series on the shelves,

    主站蜘蛛池模板: 久久久久久久久中文字幕| 国产亚洲欧美日韩在线观看不卡| 人妻仑乱A级毛片免费看| xxxxx亚洲| 真实的国产乱xxxx在线| 思思99re热| 免费福利在线播放| yy6080新视觉旧里番高清资源| 精品卡一卡2卡三卡免费观看| 性猛交xxxxx按摩欧美| 午夜亚洲国产理论秋霞| 丁香六月久久久| 秋霞免费乱理伦片在线观看| 天天躁日日躁狠狠躁| 佐佐木明希哔哩哔哩| 99免费在线视频| 欧美日韩亚洲区久久综合| 国产精品久久久久一区二区三区| 亚洲av永久无码精品水牛影视 | 无需付费看视频网站入口| 国产乱子伦一级毛片| 中文字幕在线观看2020| 精品国产午夜福利在线观看| 妞干网免费视频观看| 亚洲综合色丁香麻豆| 4455永久在线观免费看| 柳岩老师好紧好爽再浪一点| 国产大片中文字幕在线观看| 久久99精品视香蕉蕉| 一本色道久久综合亚洲精品高清| 窝窝午夜看片成人精品| 在线免费中文字幕| 亚洲免费在线视频播放| 高清永久免费观看| 成人小视频在线观看| 人妻无码一区二区三区四区| 91av在线播放| 日韩一区二区三区精品| 又粗又长又爽又大硬又黄| 99精品国产高清一区二区| 欧美乱大交xxxxx免费|