According to the commodity market analysis system of SunSirs, this week (August 7-11) the domestic PTA market showed a slight recovery. As of August 11, the average market price in East China was 5,914 yuan/ton, an increase of 1.09% from the beginning of the week .
Under the low processing fee, the unexpected maintenance of PTA devices has increased recently, and the supply has decreased. As of August 11, the industry's operating rate was around 76%. Among them, the Dongying Weilian PTA plant with a total production capacity of 2.5 million tons/year was temporarily shut down for some reason. Zhuhai INEOS 2# 1.25 million ton plant has been reduced to 70% of its operation, and Xinjiang Zhongtai's 1.2 million ton/year plant is shutting down, and it is planned to restart near August 15.
Crude oil fluctuated significantly, and concerns about tightening supply pushed oil prices to a near nine-month high, with costs supporting PTA. As of August 10, the settlement price of the main contract of WTI crude oil futures in the United States was reported at 82.82 US dollars / barrel, and the settlement price of the main contract of Brent crude oil futures was reported at 86.40 US dollars / barrel.
The start of production of downstream polyester is still at a relatively high level during the year, maintaining around 90%, and the rigid demand for PTA is the main one. The atmosphere in the terminal textile market has warmed up slightly, and some textile and garment factories have high expectations for the price of raw materials in the future market, and have successively started the inquiry and proofing mode.
Analysts from SunSirs believe that in the short term, the cost support still exists, the polyester inventory is low, the load is stable, the current fundamentals are performing well, and the price of PTA will continue to strengthen. However, in the future market, the restart of PX and PTA devices will increase, and the supply will increase. The performance of superimposed terminal orders is average, the weaving link generally prepares warehouses until September, the willingness to replenish warehouses at high prices is insufficient, and the polyester production and sales inventory is expected to weaken, forming a certain drag on the PTA market, and the price rebound is limited.
微信扫一扫打赏
