PTA Market Or Continued Strong Pattern In The Three Quarter, The Market Ushered In A Good Start.

Since the two quarter, the domestic PTA market has been running concussion, and the three quarter of the market has begun to make a good start. In July 11th, the main contract 1709 welcomed the first increase in 2017, mainly due to strong support from the industrial sector. Some factory maintenance failed to start on schedule. The demand for the downstream polyester products was strong, which led to a sharp rise in the market for 5 consecutive days. The 1709 market was now rising 5490 yuan. In the spot market, a big PTA main factory purchased the PTA spot at a high price, and the overall price continued to run at a high level. At present, the East China PTA spot market referred to 1709 contracts for 5-10 yuan / ton, the delivery rate was reduced by 20 yuan / ton, and the 5400-5410 yuan / ton was negotiated.

From the supply point of view, the recent part of the PTA plant continued maintenance, including Hengli Petrochemical 2 million 200 thousand tons of equipment postponed to the vicinity of August to restart, and Jiangyin Han Bang 1 million 100 thousand tons / year device parking, etc., spot supply continued tight state, and the PTA market continued 3 months to inventory pattern, the overall supply pattern to a good change, and the downstream polyester operating rate continued high, just need to replenish the goods stable, therefore, the supply and demand basically face market support.

From the point of view of processing fees, since the two quarter, domestic

Factory processing fees continued below the level of 600 yuan, the lowest stacking paper 300-400 yuan / ton near, but with the PTA market rose sharply in July, processing fees were repaired, has now been restored to 1200 yuan / ton, breaking the high point in recent two years, PTA factory mentality is optimistic, if the processing fee continues to repair, PTA installation will also be improved, processing profit is huge, will further stimulate the Xiang Lu and the Far East resumption of production, then PTA will be broken or tight.

Looking ahead, the PTA market will continue to be strong in the short term.

As far as market situation is concerned, the maintenance and regulation of PX devices at the present time is supported by cost side and PTA

Repair to the level of 1200 yuan / ton, and the supply side of the PTA device is also continuing to tighten while the downstream polyester plant continues to run high. The demand for terminal weaving has not yet changed. The pressure on polyester stocks has been reduced and the industry is not expected to be pessimistic.

The market is concerned about international crude oil and PTA plant installations.

This is the low season for spinning enterprises.

This is indeed the case, but from the actual investigation, some media reports are biased, and unilaterally magnified pessimism.

According to local enterprises, in the first ten months of 2017, the production and operation were good. In the middle of June, the price of cotton yarn decreased. As of mid July, the price of yarn dropped by 300-900 yuan / ton, and the sales situation also turned pale. But the finished product inventory is still within the acceptable scope of the enterprise.

In the survey, it was found that only the production of conventional yarn (C32S) spinning enterprises had the situation of holidays and production cuts. Most of the differentiated yarns, such as compact spinning, remained in full operation, and the production workshop was hot, and sales were slightly better.

According to the textile enterprise staff, this year is the production of off-season, for September orders and sales situation improved confidence.

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