Cost Side Support Weakened PTA Year-On-Year Decline Of Over 50%
According to the price monitoring of business associations, the price of domestic PTA spot market fell sharply in April 22nd, and the average price of the market was 3068 yuan / ton, down 4.99% from the previous trading day, down 53.54% from the same period last year. Futures market PTA main futures (2009) closed to the limit, closing to the main futures closed at 3128, compared with the previous trading day fell 200, or 6.01%.
The spot market is fragmentary, and the factory starts at a high level of over 92%. In terms of installations, Ningbo Yisheng 2 million ton PTA plant has been suspended for a short period of 4 days. Shanghai Jinshan Petrochemical's annual output of 400 thousand tons PTA plant is scheduled to be overhauled in May 6th and planned to be overhauled for 28 days. At present, the stock market is above 3 million tons, and the supply pressure is still large.
| manufacturing enterprise | Unit capacity (10000 tons / year) | Device operation dynamics |
| Ningbo Yisheng | Two hundred | Plan to stop for 4 days. |
| Ningbo Yisheng | Two hundred and twenty | Postponed maintenance until May |
| Shanghai Jinshan Petrochemical | Forty | The plan is scheduled to be overhauled in May 6th and scheduled for 28 days. |
| Tianjin petrochemical | Thirty-four | It was overhauled in April 17th and planned to be overhauled for 1 months. |
| Hon Bang petrochemical | Sixty | Warming up at the end of last week. |
| Oriental Petrochemical | Fifty | Parking inspection and maintenance from April 20th to July |
| Fossilization | Ninety | Parking in March 9th, planned to restart in July |
| China and Thailand petrochemical | One hundred and twenty | Car maintenance in March 31st, planned for discharging at the end of month. |
| Jialong Petrochemical Company | Sixty | Car maintenance in August 2nd, restart time to be determined |
The crude oil market is affected by the pressure of supply and demand, the remaining capacity is insufficient, and prices continue to fall. The Asian PX market closed for 21 days at 446 US dollars / ton FOB Korea and 466 US dollars / ton CFR China, down 10 US dollars / ton compared with the previous trading day. Downstream cautiously wait-and-see sentiment, polyester market turnover continued to fall, production and marketing has cooled, load started near 83%, the market sentiment is strong. The overall turnover of polyester filament market has continued to be light. The price of mainstream polyester factories in Jiangsu and Zhejiang provinces is still falling steadily. The current polyester POY (150D/48F) reported 49100-5050 yuan / ton. The improvement of terminal weaving order is limited, and the enthusiasm of purchasing is not high. The comprehensive start-up rate of Jiangsu and Zhejiang looms is reduced to about 48%.
In the past 7 days, the average price of polyester market has dropped.
| product | 2020-3-15 | 2020-3-22 | Ups and downs | Year on year rise and fall |
| Polyester POY (150D/48F) | Five thousand two hundred and seventy-four | Five thousand and four | -5.12% | -44.18% |
| Polyester FDY (150D/96F) | Five thousand seven hundred and eighty-one | Five thousand four hundred and eighty-one | -5.19% | -41.88% |
| Polyester DTY (150D/48F low elastic) | Seven thousand one hundred and twenty-seven | Six thousand eight hundred and eighty-eight | -3.35% | -34.48% |
| Polyester staple fiber (1.4D*38MM) | Six thousand nine hundred and eighty-five | Seven thousand and ten | -0.36% | -21.89 |
Xia Ting, a business analyst, believes that the weakening of the stock market support will weaken the trading atmosphere of the PTA spot market. The market will be dominated by long-term transactions. The downstream demand will be dull and the supply will continue to increase. There is a possibility of further downgrading in the terminal weaving process. In the short term, there is no major positive stimulus, and the price of PTA will remain the main shock.
- Related reading
China Textile City: Spring And Summer Polyester Cotton Fabric Locally Pushed Up Slightly.
|
- Dialogue column | Exclusive Interview: Ren Binbin, Deputy Director Of The Management Committee Of Da Long Mao Weaving Committee, Talks About The Resumption Of Work And Rehabilitation After The Outbreak Of The Epidemic.
- Video News | Industrial Base: Dalang'S Mao Yi Business City "Daily Week, New Week Show" Activity Report
- News Republic | Accumulative Total Of 5 Million 400 Thousand Yuan! Red Bean Group Has Been Caring For Centenarians For Six Consecutive Years.
- News Republic | Respecting The Old, Loving The Old, And Helping The Life Of The Fir -- Sticking To The Original Heart! The Red Bean Group Has Been Caring For Centenarians For Six Years In A Row.
- Home Furnishing | The Red Bean Group Builds Its Brand With Responsibility, And Leads Innovation With Innovation.
- Visual gluttonous | Murakami Takashi X Bi Pear X UNIQLO New Heavy Three Party Joint Project Exposure
- Bullshit | Brand New Speed 2 Sports Shoes
- Bullshit | Kobe 5 Protro Shoes Bruce Lee Color Matching Significance.
- Association dynamics | President Sun Ruizhe'S Speech At The Video Symposium Of The Representatives Of The Two Sides Of The Textile Industry In 2020
- Daily headlines | Summary Of The First Quarter Economic Operation Of Textile And Apparel Industry Under The Epidemic Situation
- Ministry Of Commerce: In The First Quarter Of This Year, China'S Foreign Investment Decreased By 0.6% Compared To The Same Period Last Year.
- In March 2020, The Boom Value Of China'S Cotton Textile Industry Increased Slightly, And Production And Marketing Resumed.
- Watch Out For Stepping On Thunder! Spinning Enterprises To Transform Production Of Epidemic Prevention Materials, Busy 3 Months In Exchange For Nothing!
- The Ministry Of Transport, Ministry Of Commerce And Other Departments Jointly Issued A Notice On The Current Work Of Better Service And Stable Foreign Trade.
- Two Is Right For Epidemic Prevention.
- Demand Shrank, May Viscose Staple Prices Are Expected To Exist
- Wei Qiao Group 30 Billion Debt Ceiling, Wei Qiao Textile Market Plunged Nearly 5%
- Asian Textile Industry Calls For Responsible Procurement During The Epidemic Period
- Obsessed With Selling Live Goods Is Not Enough. A New Round Of Offline Retail Competition Has Quietly Arrived.
- 1800 Yuan Of Sneakers Were Fired To More Than 3 Yuan. How Should They Be Washed?