Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News Summary of PTA market conditions during the May Day holiday

Summary of PTA market conditions during the May Day holiday



Introduction: At the end of the May Day holiday, we took stock of the overall price performance of the polyester industry chain before and after the holiday (as shown in the table below): Cost-end crude oil per…

Introduction: At the end of the May Day holiday, we took stock of the overall price performance of the polyester industry chain before and after the holiday (as shown in the table below): Cost-end crude oil performed strongly, with Brent crude oil prices rising to US$68.88/barrel, an increase of 2.42%; The price of brain oil rose to US$605/ton, an increase of 1.21%, and the price of raw material PX fell by US$3.66, a decrease of 0.42%. In the absence of a significant increase in terminal orders, polyester companies mostly maintained pre-holiday prices during the holidays, so during the May Day period There are no obvious fluctuations in the PTA market.

A list of price changes in the polyester industry chain during the May Day period

Source: Longzhong Information

From the perspective of specific product performance in the industry chain, the cost end performance is eye-catching. Except for polyester staple fiber, other downstream polyester products maintain their pre-holiday quotations. Although there were no transactions in the PTA market at the opening, expectations were high driven by the high level of crude oil.

The sharp rise in crude oil prices during the May Day holiday will provide certain positive support to PTA. At the same time, in terms of supply, Hengli Petrochemical No. 1 restarted during the holidays, and Sichuan Energy Investment Equipment postponed the restart time. After the holidays, Xinfengming, Hengli Petrochemical, Yizheng Chemical Fiber, Yisheng Ningbo, Ningbo Liwan, Yangzi Petrochemical and other equipment have maintenance plans. Although the early maintenance equipment has been restarted, the PTA supply side is still in a narrowing state in May; demand is coming Look, the polyester load remains at a high level of 92-93%, and demand-side support is good. However, terminal orders have not yet seen a significant increase during the May Day holiday, so the market is also worried about bottom-up negative feedback on the demand side. Overall, the short-term PTA market supply and demand continues to destock.

The main thing to pay attention to after the holiday is the support brought by the fluctuation of crude oil prices. With processing fees continuing to be low, many sets of PTA devices have been put into maintenance. At the same time, processing fees and The good performance of the supply and demand side makes PTA prices have a certain degree of resilience. Therefore, the supply and demand situation of PTA will continue to ease before the new equipment of Yisheng New Materials is put into production. It is expected that the short-term PTA market may continue to fluctuate strongly on the cost side following the trend, but we still need to pay attention to the changes in costs after the holidays and the return of terminal orders. </p

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Author: clsrich

 
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