The polyester industry chain often adopts maintenance and production reduction measures due to poor profit levels, the Spring Festival holiday or regular equipment maintenance. Entering 2019, as the international environment becomes increasingly complex and large domestic private refining operations are gradually put into operation, the overall profits of the polyester industry chain are tilted towards PTA. The industry lacks good expectations for the whole year, and market prices have fallen. Entering the traditional off-season in November, the polyester industry has started a new round of maintenance season due to the poor profit level of the industry and the key news that cost-end PTA is expected to be put into production.
Under the conditions of low profits, high inventory, low prices, etc., the first to enter the maintenance season is polyester bottle flakes. In addition, polyester filament and polyester staple fiber have The maintenance season started yesterday. Zhuochuang understands that some factories still plan to carry out maintenance before and after the Spring Festival, but the time is still uncertain. The following table shows the confirmed maintenance plan or the ongoing maintenance plan:
Table 1 Recent polyester unit production reduction and maintenance plan (20191126)
According to current calculations, the factories under maintenance in the staple fiber industry are Ningbo Quandi, Luoyang Shihua, Yizheng Chemical Fiber, Shanghai Yuanfang and Jiangyin No. 1 Factory. Regarding the impact on the daily production of polyester staple fiber, the daily output will be reduced by approximately 1,290 tons, involving a production capacity of 460,000 tons. Maintenance in Fujian begins as early as mid-to-late December and continues after the Spring Festival. According to market understanding, the reason for the maintenance is mainly due to the maintenance of gas supply pipelines in investment areas, but it is also a result of high inventory, low profits, and low prices. reflect. Overall, it is expected that polyester maintenance will gradually increase around the Spring Festival.
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