Recently, the PTA market has fluctuated within the range of 5100-5150 yuan. The contradiction between supply and demand in the market is not prominent, and there is no news of speculation. Fundamentally, the PTA device is at a high load and suppresses the PTA price. The downstream polyester load has risen slightly, and production and sales have improved under the promotion. Just need to be positive. The contradiction between supply and demand is still not prominent, and the maintenance of PTA equipment in the market has become the key. buy DMC from Evergreen
From the August PTA supply and demand balance sheet calculation, PTA presents a small pattern of de-stocking. On the one hand: the PTA large-scale equipment maintenance plan failed to arrive as expected. In contrast, the short-term stoppage of small-sized installations increased, and the load of Fuhaichuang equipment decreased, resulting in lower-than-expected overall supply in August. On the other hand, the load on the polyester plant rose from 84.05% at the beginning of the month to a high level of 89.37%. At the same time, a new installation of 900,000 tons (300,000 tons in a production line of Hengbang and 300,000 tons in Hengyi 2 production lines) was put into operation. Just need to maintain stability.
Unsupervised equipment, accounting for 24.66% of total capacity
According to the current PTA maintenance plan, the maintenance of the equipment in the market is not yet clear. In contrast, the news of 2.2 million tons of Xinfengming and 2.5 million tons of Hengli Petrochemical has been put into production. Based on the inspection time of the same period last year, it can be seen from Table 2 that the unsupervised production capacity is as high as 12.4 million tons, and most of them are concentrated in October, accounting for 24.66% of the total production capacity. If Xinfengming and Hengli Petrochemical can be put into production as scheduled, the impact of PTA plant overhaul on the market will be limited. If the new equipment is put into production and the equipment maintenance is on schedule, the PTA market may rebound.
There are still 2.48 million tons of new production prospects on the polyester side.
In terms of polyester, the current load is constantly increasing, and the factory's finished product inventory pressure is not large, and the overall profit is still acceptable. Enterprises such as Yisheng, Tongkun and Xinfengming have new capacity plans, and the new production is expected to be 2.48 million tons. According to the market situation, the probability of new production of polyester plants is large, and some devices may be delayed. Therefore, the demand for PTA in the market is limited.
On the whole, the demand for PTA remains stable, and if there is no major change in the device, it is just needed. The high probability of PTA new equipment being put into production is steadily advancing, and there is no problem before and after the time, but there are variables in the maintenance of old equipment. Assuming that the new PTA device is put into production as scheduled, and the historical installation is in normal condition, the PTA will only be slightly accumulated in the next September-November. At present, the PTA processing fee is around 950 yuan / ton, which is also considerable for the factory.
It is expected that the new equipment will be put into production in the long-term view of the hollow state. In the absence of large funds, the market price will not improve. Generally speaking, the current contradiction between supply and demand in the market is not prominent, and there is a lack of speculation. The market must get rid of the disadvantages and still need the cooperation of time, location and people.
No comments:
Post a Comment