From Chemical Fiber Headlines/According to the maintenance of PTA equipment in the first half of the year, there will still be more than 14 million tons of production capacity that has not yet been overhauled in the second half of the year. According to the early maintenance plan, there are equipment maintenance plans from August to October. According to Looking at future equipment maintenance plans, PTA maintenance capacity will be 5.9 million tons in August, 3.45 million tons in September, and 2.6 million tons in October.
However, in mid-to-late August 2018, the theoretical processing fee of PTA has risen to around 2,000 yuan/ton. PTA has become a hugely profitable product, and some parked PTA devices have plans to restart. Yangzi Petrochemical’s 600,000 tons/year PTA unit plans to restart around September 10, and Fuhai Chuang’s 1.5 million tons/year PTA unit plans to restart in November.
In addition, Hengli’s 2.2 million ton unit has been restarted, Ningbo Yisheng’s 2.2 million ton unit is currently operating normally, Chongqing Pengwei’s 900,000 ton unit is operating normally, and Tongkun, Shenghong, Hengli and other units are operating normally. The maintenance plan is still unclear.
PTA maintenance plan and implementation status in the third quarter (unit: 10,000 tons)
Overall, the supply of PTA is still tight this week. Although the restart and maintenance of some devices have been postponed, But it will take some time to change the situation of insufficient market supply. It can be said that the most tense moment on the supply and demand side of PTA has passed in stages. Pay attention to the reduction of Yisheng contract goods in September and the specific implementation of the PTA factory maintenance plan.
In addition, the rise in raw material prices is no longer the reason for PTA’s madness, but capital speculation. Spot prices drive futures prices to rise, and the inflow of futures funds keeps spot prices high. The upstream uses its dominant advantage in the circulation chain to redistribute the profits of the supply chain. However, the downstream market is fragmented, with overcapacity and lack of dominance. The pressure of rising costs cannot be quickly shifted down to the end market. Weaving companies can only digest it themselves. Influencing factors such as expected supply and raw material costs have been amplified by financial speculators, breaking the market stability and testing the upper limit of downstream acceptance. The textile industry will usher in the peak market season, and prices are expected to rise to new highs in the near future.
Suzhou Textile Oxford Cloth Manufacturer</p
