According to the price monitoring of SunSirs, the domestic PTA spot market price has dropped slightly. As of January 19, the average market price is 4,877 yuan/ton, which is higher than the previous price. It fell 0.11% in one day and fell 24.15% year-on-year.
In terms of equipment, on the 17th, the Jiaxing Petrochemical Phase I 1.5 million ton PTA unit was temporarily shut down due to shortages. It was planned to be short-term for 3-4 days. The unexpected failure of the unit drove prices to strengthen. However, today (19th) Ningbo Yisheng’s 650,000-ton PTA unit heated up and restarted. Since the unit was shut down in early January, supply has recovered. The current operating load of domestic PTA is 86.00%. In addition, the load of Zhongtai Petrochemical’s 1.2 million ton unit is 70%. The Hengli Phase IV 2.5 million ton unit has 1.25 million ton lines put into operation, and the load is being increased.
Affected by the Spring Festival holiday, the atmosphere of downstream negotiations has dropped, the trading atmosphere is unusually deserted, and the polyester industry has entered a centralized maintenance stage, with construction starting on the 17th The load is around 74%, and the operating rate is expected to decline further. Inquiries in the polyester filament market continue to be light, and prices remain stable. Among them, polyester POY (150D/48F) from mainstream factories in Jiangsu and Zhejiang is quoted at 7,000-7,450 yuan/ton, and polyester DTY (150D/48F low elasticity) is quoted at 8,600-9,050 yuan/ton. Polyester FDY (150D/96F) is quoted at 7600-7950 yuan/ton. Textile enterprises have collectively entered a shutdown and holiday mode, and the comprehensive operating rate of looms in Jiangsu and Zhejiang has dropped to about 12%.
Xia Ting, an analyst at SunSirs, believes that the recent restart of many PTA units, coupled with factors such as the decline in polyester factory operations and the holidays of terminal companies, the negotiation atmosphere has dropped and the supply side is under pressure. PTA is expected to remain weak. Adjustment is the main thing.
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