SunSirs: PTA Market Monthly Report (4.1-4.30)
May 04 2023 10:14:40
On May 2nd, the PTA benchmark price of the SunSirs was 6180.00 RMB/ton, which was the same as at the beginning of this month.
In April, the domestic PTA market showed a "M" trend, showing a decline overall. As of April 29, the spot market price in East China was 6180 RMB/ton, down 3.51% from the beginning of the month. At the end of April, the domestic PTA device load remained around 80%. In May, restart and maintenance coexisted. The total production capacity of Yadong Petrochemical was 750000 tons/year, and the device was repaired at the end of March. It is planned to restart on May 1st. The total production capacity of Xinjiang Zhongtai PTA is 1.2 million tons/year, and the device is planned to be shut down in May, with a planned maintenance period of 2 months. At present, the social inventory of PTA is maintained at around 2.7 million tons. In April, there was an increase in PTA supply and a decrease in demand, resulting in a slight accumulation of inventory in the market. It is expected that the PTA market will remain weak in May.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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