According to the price monitoring of the business agency, the price of PTA spot market in China fell slightly on November 20. The average market price was 4791 yuan / ton, down 0.05% compared with the previous trading day, down 29.33% year on year. The main futures market (2001) closed at 4714 yuan / ton, down 26 yuan / ton or 0.55% compared with the previous trading day. Daily trading volume decreased by 240000 to 884400, and positions increased by 8690 to 1504600.
| Sulfamic acid 99.80% |
Although PTA suppliers buy back to support spot, but new capacity is expected to restrict its rebound. Among them, Dushan energy phase I 2.2 million tons PTA plant and another 1.1 million tons of lines are planned to be tested next week. Hengli Petrochemical phase IV 2.5 million tons PTA plant is planned to be put into operation by the end of December. The 1.2 million ton PTA plant of Sinopec is planned to be put into operation near December 20.
| Sulfamic acid 99.50% |
At the same time, due to the impact of crude oil decline and insufficient cost end support, the closing price of PX market in Asia fell by $3 / ton, closing at $768 / ton FOB South Korea and $788 / ton CFR China. In the near future, some polyester filament specifications in the downstream are seriously damaged. The mainstream factories in Jiangsu and Zhejiang have the intention to increase. Among them, polyester POY (150D / 48F) is 6850-7200 yuan / ton, DTY (150D / 48F) is 8500-8700 yuan / ton, and FDY (150D / 96F) is 6950-7400 yuan / ton. However, the downstream texturing and weaving enterprises are relatively cautious, and the transaction atmosphere has not been significantly improved. The comprehensive start-up rate of Jiangsu and Zhejiang looms is maintained around 75%.
Xia Ting, a business analyst, believes that the current spot is still tight, but due to the news of new production capacity and weak trend of raw material market, PTA market volatility is mainly weak in the short term.
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