SunSirs: Device is Overhauled and Boosted, Adjustment Space under the PTA is Limited
November 02 2021 08:02:42 SunSirs (Linda)
November 1, the domestic PTA market rebounded slightly. The average market price was 5124 yuan/ton, an increase of 0.47% from the previous day and a year-on-year increase of 55.96%.
Sichuan can invest 1 million tons of PTA equipment to stop, Hengli Petrochemical 3# 2.2 million tons of PTA equipment planned overhaul, part of the PTA equipment overhaul or planned overhaul, temporarily slowing the pace of PTA accumulation of inventory.
Crude oil fluctuated at a high level, still supporting PTA prices. In view of the tight supply of overseas natural gas, the demand for heating oil in winter is expected to increase. On October 29, US WTI crude oil futures closed higher, with the main contract settlement price at 83.57 US dollars/barrel, and the main Brent crude oil futures contract settlement price at 84.38 US dollars/barrel.
The downstream polyester plant has insufficient support for PTA raw materials, and the starting load is not high, maintained at around 80%, and production and sales are flat. In view of the low inventory of finished products and good profits, there is still room for replenishment in the market. However, due to the influence of terminal demand, it is still difficult for the operating rate to return to the previous high. In terms of prices, the quotations of mainstream polyester factories in Jiangsu and Zhejiang have been steadily lowered.
The maintenance of its own equipment and cost support still exist, and the adjustment space under the PTA price is limited, and the market outlook still needs to pay attention to changes in the demand side.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 2023-10-31 SunSirs: The Supply Was Reduced, and PTA Prices Slightly Rebounded
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