Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic PTMEG price had slightly decreased this week. As of March 7th, the PTMEG price was 21,166 RMB/ton, a year-on-year decrease of 0.78%.

In terms of equipment     

Henan Nenghua has two sets of PTMEG devices with an annual load of 30,000 tons, accounting for 70-80%. The load of the 46,000 tons/year PTMEG unit for extending oil production was not high. Zhejiang Jiaxing Xiaoxing PTMEG has a stable production capacity of 130,000 tons/year, with maintenance plans in place in April. As of March 7th, the overall operating rate of the domestic industry was stable around 85%.

Upstream

The domestic BDO price was at 9,428 RMB/ton, and the market was operating in a stalemate. The catalyst replacement for the Lanshan Tunhe BDO unit took 7-10 days from March 1st for the first phase, and the second phase is planned to start on March 11th. The 100,000 ton/year BDO unit of Xinjiang Guotai Xinhua underwent maintenance on March 1st, with an estimated 10 days. Dongyuan Technology's BDO device is operating steadily and is scheduled for maintenance in mid March.

In terms of demand

The main downstream spandex pre shutdown device was restarted after the holiday. The downstream weaving industry had seen a significant increase in load, and demand was gradually recovering.

Market outlook

Supply side maintenance had increased, and there was a strong willingness to maintain prices. In addition, downstream factories were gradually resuming production, and domestic terminal consumption was also actively released, and the demand side also improved. The fundamentals are expected to improve. Overall, the price of PTMEG may be slightly warmer.

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