PTA Enterprises Are Now In Short Supply, And They Need To Buy Goods To Make Up For Customers.

A large number of new pet installations started in the first half of the year, and the new capacity of PTA will not be released until the second half of the year, resulting in the continued tight supply of PTA.

"Now PTA enterprises are in short supply, we are buying goods to make up for the guests."

Ma Xiumei, deputy general manager of Far East Petrochemical Company, made a statement about the basic situation of PTA supply and demand.

According to her introduction, as the PTA enterprises are almost 100% of the start-up rate, 100% contracts with downstream customers are available, and the market supply is in a tight balance.

Once the PTA plant is overhauled or customers have new demand, it will have a great impact on supply.

It is understood that

Demand side, downstream polyester production capacity to expand production speed is far faster than PTA, and a large number of new production capacity concentrated in the first half of the year started, resulting in supply and demand mismatches and gaps continue to enlarge.

According to the Securities Times reporter's previous research, it is expected that this year will expand the production of 7 million tons of polyester fiber ~1000 million tons, such as a place in Wujiang, Jiangsu, the current polyester production capacity is about 2 million tons, this year's project is 1 million 500 thousand tons, an increase of 75%.

Meng Hongjun, sales manager of Hengli Chemical Fiber Co., Ltd., Jiangsu, said that the demand for polyester downstream weaving was very large. Because of the fact that there was no inventory in the entire downstream weaving in 2010, some weaving enterprises learned the lesson of the rising of raw materials all the year round. Some years ago, they accumulated funds and began to stock up, pushing up the demand for polyester, resulting in a lower inventory of products in polyester chemical fiber factories than many years ago, and many enterprises were unwilling to lower their prices.

"Last week there were individuals.

Moreover, although the price of chemical fiber is high, the price pmission is relatively smooth, and downstream consumption can be accepted.

It is understood that, as foreign and domestic enterprises generally expect RMB appreciation in the 5%-6% this year, or even to 10%, coupled with the rapid rise in labor costs this year, many places appear labor shortage, so the clothing terminal orders are also more resolute.

In addition,

Affected by the increase in the deposit reserve ratio, PTA futures closed for 3 consecutive trading days after hitting a new high of 12396 yuan / tonne last week, and accompanied by a decline in holdings.

Yesterday's main contract PTA1105 closed at 11802 yuan / ton, compared with the previous trading day fell 2.37%.

However, the stock market, PTA related listed companies continued to receive financial attention, yesterday *ST blackened 5% limit, *ST brilliance rose 1.59%, Rongsheng Petrochemical rose 1.05%.

Spot industry believes that the PTA stage adjustment does not change its long-term rally, and good fundamentals will support its market throughout the year.

Meng Hongjun expects that the price of filament yarn will increase in the next few months, and then the price of raw materials PTA will rise again.

Ma Xiumei believes that the long-term supply and demand gap, PTA sales and profits can be guaranteed, and now PTA per ton profit of 1400 yuan ~1500 yuan.