Crude Oil Drives PTA'S Current Price To Go Higher

According to the price monitoring of the business community, the price of domestic PTA spot market continued to rise slightly, and the average market price in May 18th was 3493 yuan / ton, up 1.68% from the previous trading day, down 43.40% from the same period last year. Futures market main futures (2009) shocks rose, closing to the main futures closed at 3606, compared with the previous trading day rose 66, or 1.86%. Driven by crude oil, PTA prices are now running warmer. Traders and suppliers are the main traders in spot trading, and the atmosphere of buying is good.

On the supply side, the PTA production capacity at the beginning of the year was superimposed on the high opening rate, and the weekly output reached a new high in recent years. Now the social stock is up and down 3 million 500 thousand tons. At present, the start-up load of the plant has been maintained at a high level near 92%. The Shanghai Jinshan Petrochemical Company's annual output of 400 thousand tons PTA device has been overhauled in the morning in May 18th, and it is planned to be overhauled for 28 days. Hainan Yisheng 2 million tons plant plans to stop for 12-15 days in June 5th. Of course, we do not exclude the possibility of accidental overhauling.

Downstream polyester plant reboot and maintenance coexist, of which Shanghai petrochemical and Rongsheng about 450 thousand tons of polyester plant maintenance is expected to exist, Tianjin Petrochemical about 100 thousand tons of polyester is expected to restart, started in the vicinity of 84%. In terms of price, the price of polyester market is rising steadily due to the upgrading of raw materials. Among them, some polyester factories in Jiangsu and Zhejiang provinces have increased 100-200 yuan / ton in the afternoon, and the downstream weaving and bomb companies have stocked up, and the overall boot rate has increased to 51% above the standard.

The terminal textile market, though the current textile market is still in the off-season, but the recent domestic market has shown signs of improvement, and the inventory has been consumed. In recent years, the domestic list of textile products was improved. Bangladesh, Burma, Kampuchea and Vietnam resumed their work and resumed production. At the beginning of May, the Bangladesh government decided to restart more than 2000 textile factories. Up to now, nearly half of the garment factories in Bangladesh have been gradually resumed. With the deepening of the resumption of production and production, a large number of foreign orders will be issued.

Xia Ting, a business analyst, believes that in the short term, crude oil has rebounded strongly, but there is still a risk of weakness. PTA device maintenance is expected to increase, overlay terminal enterprises have resumed work in succession, supply and demand is improved, and substantial warming needs to be observed. It is expected that in the short term, the PTA market will be more volatile.