PTA Good Release, Polyester Filament Is Difficult To Have "Billows", Downstream Is Not Buying Is Still The Crux Of The Problem!

Talking about the hot topic of polyester Market in the near future, it must be the fluctuation of polyester industry chain caused by overhaul of PTA device.

During the period from the end of March to the beginning of April, the news of domestic PTA plant maintenance was flying everywhere, and the demand and supply structure fluctuated. The PTA market was like a roller coaster.

Installation plan maintenance, PTA up!

In March 28th, Hengli set up a 2 million 200 thousand ton plant as planned, and the news was that the PTA market in the quiet market was facing a rebound.

East China's main port spot rose from 6450 yuan / ton to 6640 yuan / ton, or 2.86%.

The rally lasted 3 working days.

Maintenance plan postponed, PTA down!

In April 2nd, the Yizheng Petrochemical 650 thousand ton PTA plant was originally planned to overhaul 15 days in June and postponed the plan. At the same time, Fuhai set up a 4 million 500 thousand ton PTA plant which was originally scheduled to be overhauled for half a month in May and postponed the plan.

With these two messages coming out, PTA ended its uptrend and began to turn around.

East China's main port spot dropped from 6640 yuan / ton to 6420 yuan / ton, or 3.43%.

The decline lasted for 2 working days.

Maintenance plan implemented on schedule, PTA up!

In the morning of April 4th, Hengli Petrochemical announced that the 1# line 2 million 200 thousand tons PTA plant was scheduled to be overhauled for 15 days in April 15th. A set of 2 million 200 thousand tons of Jiaxing petrochemical plant was scheduled to be overhauled for 15-20 days in April 8th.

As a result of this news, the PTA market began to rebound again, but the resilience was relatively small, and the stock of East China's main port rose from 6420 yuan / ton to 6480 yuan / ton.

In the afternoon of April 4th, Fuhai announced 4 million 500 thousand tons of PTA plant, because the condensate oil was cut off in May. At first, the May maintenance plan was implemented on schedule. As a result of this news, the PTA market rose sharply, and the spot price of East China's main port rose again to more than 6600 yuan.

Emergencies, PTA rise!

In April 8th, the explosion of the three aromatics plant in MaoMu 6 light platform of Yunlin Formosa was exploded. The most rapid response was PTA!

On the same day, the opening of PTA futures opened higher than before, and the trading ended sharply. The closing price of the main contract ended at 6576 yuan / ton at the end of the day, which rose by 134 yuan / ton, or 2.08%, compared with the settlement price of the previous trading day.

According to statistics, the average operating rate of PTA in recent stage is 81.3%, the real time operating rate is 80.1%, and the effective rate of real-time operation is 91%.

PTA for polyester filament, upstream catalytic effect gradually weakened.

It is understood that this year polyester factory procurement PTA contract reduction, spot purchase increased, while increasing the PTA manufacturers speculation price space.

Over the past few years, there has been a constant rumor of overhauling the PTA plant. How to repair and adjust the malfunction and other factors have become the nodes of PTA manufacturers to hype prices. But for the polyester filament market, the upstream catalytic effect is weakening gradually.

With the release of good news from PTA, the polyester filament market has been pulled up for a while, and the downstream market has also been driven by rising sentiment.

However, under the fluctuation of the PTA wave, the resistance of the downstream market is gradually strengthened, and the polyester market is hindering the reality of the downturn in demand.

Downstream demand function appears, do not buy to restrict polyester filament!

For the polyester filament market, in the final analysis, it depends on demand.

Although PTA continues to pull up or to a certain extent, it is a driving force for the polyester market, but the continuity is not great. The key to the polyester market is the downstream market demand.

Since March, although the opening rate of water jet and air-jet looms in Shengze and other regions is relatively stable, the overall performance is not satisfactory, and the downstream orders are slower. In particular, the conventional products such as imitation memory, taaslong, NIS spinning, polyester taffeta, spring yarns and peach skin are not as expected. The manufacturers have indicated that with the peripheral production capacity coming up, the competition between middle and low end products is fierce, and sales pressure has increased.

In addition, the knitting market, the warp knitting machine and the large circular knitting machine did not perform well, and sales were not ideal. Most of them were mainly pre orders, and new orders were followed up slowly. Especially since mid April, the rate of starting up of the knitting market showed signs of decline, which will inevitably affect raw material procurement.

Although the centralized maintenance of domestic PTA plant in four or five months, there is a certain cost support under the adjustment of supply and demand pattern, but for polyester filament, there are signs of weakness in downstream weaving Market, slow order follow-up, increased inventory and shrinking profits, which are the key factors affecting the latter market.

High profit, high open labor, polyester filament market can go far, it also depends on the development of the downstream market!