PTA "Golden Nine" fineness is insufficient

The sharp increase in crude oil prices in the previous period pushed up the PTA market from the cost side, and the price once moved to 5360 yuan (ton price, the same below)

Sufficient market supply

Recently, the PTA supply side has continued to be loose, and the market has not been able to effectively and continuously rebound.

On the supply side, the operating rate of Fuhai Chuang’s 4.

Li Hong, the marketing manager of Shandong Zhonghai Chemical Group Co.

Specifically, Pengwei Petrochemical's 900,000-ton/year PTA plant was shut down on September 19, and Sichuan Shengda's 1 million-ton/year PTA plant shut down on September 18

In addition, the current social inventory of PTA is about 1.

Weak cost support

From the perspective of raw material PX, although its own supply and demand side has not changed much, driven by the surge in crude oil, the PX market has risen for two consecutive days, and buying sentiment has risen

According to the statistics of Jinlianchuang, the current operating rate of the domestic PX industry is 87.

In foreign countries, most of the international PX markets are operating stably except for long-term parking devices, and the overall PX operating rate is relatively high

Regarding the market outlook, industry insiders believe that although there are plans to overhaul devices at home and abroad, the new PX device of Hainan Refining & Chemical is scheduled to be put into operation on October 1, and the Brunei PX device of Hengyi Petrochemical is also scheduled to be put into operation in October.

Lack of bright spots

Regarding the downstream of PTA, Meng Xianxing, vice president of Shandong Chemical Industry Research Institute, said that the current downstream polyester production and sales are on the low side, with a 35% production and sales rate of polyester filament, 20%-30% of polyester staple fiber, and 50% of polyester chips.

It is understood that the overall profitability of polyester companies has rebounded sharply

In terms of inventory, the return of the Mid-Autumn Festival, under the influence of cost, the polyester filament market has increased production and sales, and the factory inventory has dropped rapidly.

From the perspective of operating rate, the load of the early restart device continued to increase, and the new equipment of Tongkun Hengteng was put into operation normally, the operating rate of polyester filament rose slightly, while the operating rate of polyester staple fiber remained stable

Regarding bottle-grade PET, the Guangzhou Pan-Asia plant returned to normal, and the overall operating rate increased last week.

　　Looking at the market outlook, the Fujian Jinlun polyester plant is scheduled to be overhauled recently.