According to the price monitoring of business agency, the domestic PTA market has increased slightly since April. As of April 25, the average market price was 6129 yuan / ton, up 1.17% from the beginning of the month and 34.22% year-on-year.
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Statistics of recent changes in domestic PTA units
Manufacturer, Unit capacity (10000 tons / year), Device change
Yisheng Ningbo, two hundred It was overhauled on April 13, and the current load is about 80%
two hundred and twenty In April, the load was reduced by about 50%, and the current load is about 80%
Yisheng new material, three hundred and thirty In April, the load was reduced by about 50%, and the current load is about 80%
three hundred and thirty The current load is about 80%
Yadong petrochemical, seventy The maintenance and restart time in the evening of April 7 is to be determined
Chuanneng chemical, one hundred It was stopped on April 13 and is planned to restart around the middle of May
Yisheng Dalian, two hundred and twenty-five On April 14, it stopped briefly and returned to normal
Hengli Dalian, two hundred and twenty Maintenance on April 20, restart time to be determined
Yisheng Hainan, two hundred The load is about 90% in mid April
Fuhaichuang, four hundred and fifty In early April, the load was reduced to 50%
In April, the overhaul and production reduction of major domestic PTA plants increased. As of April 25, the operating load of PTA industry was around 70%. Although it rebounded slightly at the end of the month, it was still lower than 10% in the same period last year. Moreover, due to the impact of logistics problems in some areas, there are few spot PTA circulation.
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However, the price of international crude oil futures closed lower recently and the cost side was dragged down. As of April 25, the settlement price of the main contract of WTI crude oil futures in the United States was reported as US $98.54/barrel, down US $3.53 or 3.46%; The settlement price of the main contract of Brent crude oil futures was US $102.32/barrel, down US $4.33 or 4.06%. At the macro level, the Federal Reserve’s aggressive interest rate hike is expected to depress the capital market, and the prices of venture capital such as stock market and crude oil are under pressure; More importantly, the restrictive measures related to the epidemic have exacerbated the market’s concern about the prospect of energy demand.
At present, the downstream polyester and terminal looms have recovered slowly under the influence of the epidemic and logistics, and the operating rate of the device has fallen to 77%. The terminal demand has shrunk significantly and the follow-up is insufficient. Most of them continue the just needed purchase, and the market trading is general. At present, the start-up rate of Jiangsu and Zhejiang looms has picked up slightly and maintained a low level of 54%. However, if the weaving factory continues to reduce production before May Day, the shipping pressure of polyester factory is still large.
Business analysts believe that the reduction of spot supply in the market supports PTA prices. It is expected that the short-term PTA price will continue to follow the fluctuation of crude oil, and we still need to pay attention to the boost of the gradual recovery of the downstream caused by the improvement of the epidemic in the later stage.
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