According to the price monitoring of the business agency, the domestic PTA spot market price kept falling this week. As of March 27, the market average price was 3326 yuan / ton, down 5.25% from the beginning of the week, down 49.71% year on year.
PTA market price was affected by crude oil at the beginning of the week, which aggravated the market’s pessimistic expectation on the chemical market and continued to fall. As central banks issued loose monetary policies to stimulate the market economy, crude oil rebounded, and there was some support at the cost side. Meanwhile, PTA plant announced maintenance plans in April, and PTA decline slowed down under the expectation of slower growth at the supply side. At present, the starting load of PTA units in China is maintained at 69.94%. There are many PTA units that are expected to restart, and the terminal demand is insufficient. Therefore, the market is still cautious about the supply and demand fundamentals of PTA.
| Polyglutamic acid |
Recent changes of PTA plant in China
Production enterprise’s unit capacity (10000 tons / year) operation trend of the unit
Huabin Petrochemical 140 entered maintenance on January 27, and it is planned to restart at the end of March
Hanbang Petrochemical Co., Ltd. entered into maintenance on February 3, and planned to restart at the end of the month
Dushan energy 220 will be shut down for maintenance on March 15, with a planned maintenance period of 2 weeks
Pengwei Petrochemical reduced its load to 70% on February 10, recovered to 90%, and stopped at night on March 9
Hengli Dalian 220 will stop for maintenance from March 12, and it is planned to restart on March 27
Fuhaichuang 450 stopped for maintenance on March 12, and planned to restart this week
Zhuhai BP 125 has been shut down for maintenance at the weekend, and it is planned to restart near the end of the month
Jialong Petrochemical 60 stopped for maintenance on August 2, and the restart time is to be determined
The downstream polyester end will be further restored to work, among which Yingxiang, Xinmin, Taicang Minghui and other polyester devices are expected to restart next week, and Chongqing wankai 600000 ton device is about to be discharged, and the restart capacity is estimated to be more than 1 million tons, and the current polyester operation rate is near 81%. However, in the near future, the start-up and order of weaving link have a gradual downward trend. The comprehensive start-up rate of Jiangsu and Zhejiang looms is 61%, 7.50% lower than that at the beginning of the week. Prices also fell sharply, with polyester poy150d / 48F, polyester dty150d / 48F and fdy150d / 96F in mainstream factories in Jiangsu and Zhejiang reporting 5200-5600 yuan / ton, 7200-7700 yuan / ton and 5550-5950 yuan / ton respectively.
| Poly glutamic acid |
Average market price of polyester filament in recent 7 days, unit: yuan / ton
Product 2020-3-20 2020-3-27 up and down year on year
Polyester POY (150D / 48F) 6054 5364 – 11.40% – 40.43%
Polyester FDY (150D / 96F) 6555 5948 – 9.26% – 37.99%
Polyester DTY (150D / 48F low elastic) 7995 7613 – 4.77% – 27.83%
Xia Ting, an analyst of business club, thinks that the pressure on the demand side is obvious at present. Due to the decline in the opening rate of terminal weaving, the market is still worried about the demand, and the purchasing enthusiasm is weak. At the same time, the textile export chargeback is increasing. It is expected that the pressure on the textile export in the first half of the year is more obvious, and the negative impact of the decline in the terminal demand will hit the PTA Market from the bottom up. In addition, the contradiction between supply and demand of crude oil and the restart of multiple units at the supply side of crude oil still exist. In the short term, the upstream and downstream are negative, and it is estimated that the short-term PTA spot price is still dominated by weak adjustment.
| poly gamma glutamic acid |