According to the price monitoring of business agency, the domestic PTA market fell slightly on February 10. The average market price in East China was 5670 yuan / ton, down 0.08% from the previous trading day and up 40.62% year-on-year. PTA futures 2205 closed at 5690, down 24, or 0.42%.

Recent changes of PTA units in China

manufacturing enterprise Unit capacity (10000 t / a) Device change

Yisheng Ningbo two hundred Maintenance for 2 weeks on February 10.

Yisheng new materials three hundred and thirty The load will be reduced to 50% from February 9 to the end of February, and it is estimated to remain until the end of February.

Zhongtai petrochemical one hundred and twenty About 80% of the construction was started in early February.

Yisheng Dalian two hundred and twenty-five The overhaul is planned in early March, and the specific situation is to be determined.

In terms of supply, the 3.3 million ton PTA plant of Yisheng new material is planned to reduce the load to 50% on February 9 and is expected to remain until the end of February. Yisheng Ningbo 2 million ton PTA plant is scheduled to start maintenance for two weeks on February 10. About 80% of the 1.2 million ton PTA plant of Zhongtai Petrochemical was started in early February. The 2.25 million ton PTA plant in Yisheng Dalian is planned to be overhauled in early March, and the specific situation is to be determined. At present, the operating rate of PTA industry has dropped to around 82%.

In terms of crude oil, data released by the US Energy Information Administration (EIA) showed that crude oil inventories decreased by nearly 5 million barrels last week, adding to the record demand for refined oil, which boosted oil prices. On February 9, international crude oil prices rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $89.66/barrel, up US $0.30 or 0.34%, and the settlement price of the main contract of Brent crude oil futures was US $91.55/barrel, up US $0.77 or 0.85%.

Downstream end enterprises gradually resumed work after the festival, and the operating rate of Jiangsu and Zhejiang looms rebounded to more than 13%. In addition, the cooling and snowfall weather occurred in some areas, which affected the purchase and sales of enterprises to a certain extent. The purchase of raw materials was mainly cautious. Today, the quotation of mainstream polyester factories in Jiangsu and Zhejiang was temporarily stable.

Business analysts believe that the high volatility of crude oil still supports PTA in terms of cost, the slow recovery of downstream demand, the reduction of PTA’s own supply pressure and more good news on the overall fundamentals. It is expected that the short-term PTA price will be subject to strong volatility and adjustment.