On June 29, most of the energy and chemical products in the domestic commodity futures market fell, with the main PTA futures 2109 closing at 5044 yuan / ton, down 130 yuan / ton, or 2.51%. The spot market followed suit, with an average price of 5100 yuan / ton, down 1.12% from the previous day and up 40.87% year on year.
Crude oil rush down, bad market mentality. As of June 28, international crude oil WTI closed at US $72.91/barrel, down US $1.14/barrel compared with the previous trading day, while Brent closed at US $74.68/barrel, down US $1.50/barrel compared with the previous trading day.
Recent domestic PTA plant changes unit: 10000 tons / year
manufacturing enterprise Plant capacity Device changes
Ningbo Yisheng sixty-five Permanent closure on June 29
Yisheng new materials three hundred and thirty Start the test run around June 20
Hailun petrochemical one hundred and twenty It will stop around June 7 and restart in early August
Yizheng Chemical Fiber sixty-five Maintenance on June 25 for one week
Hengli Dalian two hundred and fifty It was originally planned to be overhauled for 2 weeks on June 1, 2021, but now it is postponed
In terms of equipment, Ningbo Yisheng 650000t / A was shut down permanently on June 29. Yisheng new material 3.3 million tons / year started its test run around June 20. At present, the operating rate of PTA industry is around 84%.
The downstream polyester maintains 90% of the high starting load, and the polyester filament price of mainstream factories in Jiangsu and Zhejiang increases by 50-200 yuan / ton. Due to the influence of off-season, the orders of terminal textile are light, the enthusiasm of factory production is not high, and it is mainly cautious to wait and see for raw materials.
Business analysts believe that the current high crude oil down and PTA processing fees high, resulting in PTA market down. Later still need to pay attention to PTA new capacity test news, as well as crude oil trend.
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