SunSirs: Strong Supply-Side Support, Short-Term PTA Maintains Volatility and Upward
July 30 2021 10:31:10 SunSirs (Linda)
On July 29, domestic PTA futures broke the 5,500 yuan mark, setting a new high since late July 2019. The main force 2109 closed at 5510, up 116, or 2.15%. The spot market followed up, with an average market price of 5506 yuan/ton, an increase of 1.27% from the previous trading day and a year-on-year increase of 54.90%.
On the supply side, Fuhaichuang’s 4.5 million tons of equipment was shut down for overhaul, and the overall operating load of the domestic PTA equipment dropped by around 74%. At present, the closed ports have gradually opened up, and the Zhapu area, where the supply of goods is the most tight, has returned to normal. Although the impact of the typhoon has subsided, PTA logistics has improved, and the shortage of goods has temporarily eased, it is still in a state of destocking, and short-term supply side support is strong. At the same time, international crude oil has gradually strengthened under the influence of summer travel peaks, and PTA costs are expected to increase. Therefore, the price of PTA is expected to remain volatile and increase slightly.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-03-21 SunSirs: Cost Center Shifted Upwards, PTA Prices Slightly Rebounded
- 2024-02-18 SunSirs: The Fundamental Is Expected to Strengthen, and PTA Prices Will Fluctuate Upwards
- 2024-01-04 SunSirs: Summary of Prices of Domestic Plasticizer Industry Chain Related Products on January 3rd
- 2023-10-31 SunSirs: The Supply Was Reduced, and PTA Prices Slightly Rebounded
- 2023-10-10 SunSirs: There Were Many Negative News, and PTA Prices Saw a Significant Decline
