PTA prices continue to decline as demand declines and new production capacity increases

According to the price monitoring of the business agency, on November 27, the domestic PTA spot market price continued to fall slightly, with the market average price at 4838 yuan / ton, down 0.62% compared with the previous trading day, down 22.04% year on year. The main futures market (2001) closed at 4746 yuan / ton, down 40 yuan / ton or 0.84% compared with the previous trading day. Daily trading volume decreased by 302100 to 879700, and position increased by 13378 to 1415200.

 

Chitosan oligosaccharide

 Shanghai Yadong Petrochemical Co., Ltd. and Hainan Yisheng PTA plant have been heated up and restarted, and the operating rate has been raised to 95%. Dushan energy phase I 2.2 million tons PTA plant and another 1.1 million tons of lines have been put into operation successfully, PTA market maintained a downward trend under the influence of new supply pressure.

Enterprise name capacity device dynamics

Jialong Petrochemical 60 was shut down for maintenance on August 2, and the restart was to be determined

Jiaxing Petrochemical Co., Ltd. 150 shut down on November 12 as scheduled, and planned to maintain for 2 weeks

Maintenance in December is planned for hailun Petrochemical 120

Ningbo Taizhou Chemical Co., Ltd. stopped for a short time on November 13 and resumed normal production

Yadong Petrochemical Co., Ltd. shut down for maintenance on November 13, 70. At present, the unit has been heated up and restarted, and now it has been discharged

Hanbang Petrochemical Co., Ltd. reduced load by 90% at 220

Chuanneng chemical 100 fault stopped short on November 1, and the current load is 80%

Yisheng Hainan 200 has been gradually warmed up and restarted. The device was shut down for maintenance on November 22

Melamine

In terms of cost, the closing price of PX market in Asia fell by US $1 / ton, closing at US $771 / ton FOB South Korea and US $791 / ton CFR China. Downstream part of the mainstream polyester plant outgoing maintenance plan, so the demand side weakened. Polyester filament market fell steadily, with polyester POY (150D / 48F) cut by 50 yuan / ton to 6900.00-7250.00 yuan / ton in some mainstream factories in Jiangsu and Zhejiang. DTY (150D / 48F low bomb) is at 8500.00-8750.00 yuan / ton, FDY (150D / 96F) is at 6950.00-7250.00 yuan / ton, and the price is stable temporarily. The comprehensive starting rate of Jiangsu and Zhejiang looms is about 74%. The terminal factory is currently in the process of making foreign Christmas orders. The orders are basically coming to an end. Some orders will be issued in spring and summer next year, but the order quantity is not large and the product delivery speed is average.

 

Xia Ting, an analyst with business club, believes that polyester maintenance will increase this week, especially from late December to January, when polyester devices have a large area of maintenance plan, and terminal textile enterprises will gradually reduce orders with the beginning of December, so it is expected that the loom load in Jiangsu and Zhejiang is expected to decline, and PTA demand will be affected. And affected by the current PTA new capacity suppression, overall, it is expected that the market will continue to weaken.

EDTA