PX Prices Show Low Recovery Trend PTA Device Maintenance Increased

As of 2015, domestic PTA production capacity totaled 46 million 950 thousand tons, some of which were in poor operating condition, with idle capacity of idle capacity or occasionally driving capacity of about 14 million 300 thousand tons, and the actual effective capacity of 32 million 650 thousand tons, plus the first quarter of Jiangyin Han BANG 2 million 200 thousand tons of new capacity production, the actual effective production capacity in the two quarter was about 34 million 850 thousand tons.

According to domestic

The operation load of the plant was calculated, and some of the devices were stopped for maintenance in the first quarter. The PTA load dropped to about 60% for a time, with an average load of about 68%, which fell back compared with 72% in the same period last year. The running load of the downstream polyester chip device gradually increased to 83%.

At present, the inventory of PTA manufacturers is maintained for about 1-4 days. As of March 38th, the exchange's warehouse receipt was 107076, with an effective forecast of 21238, with a total of about 640 thousand tons.

PTA contract goods, Sinopec, Hengli petrochemical March PTA settlement

The implementation price of 4750 yuan / ton was 180 yuan / ton compared with that of December last year.

POY and DTY inventories of polyester factories increased compared with the end of December, and FDY stocks were basically flat.

The start-up rate of polyester enterprises and weaving and bomb companies has picked up. It is expected that enterprises such as weaving and adding bombs are expected to pick up gradually in the two quarter.

Domestic PTA spot market showed a trend of shock recovery.

As of March 25th, the price of PTA East China market was 4500 yuan / ton, up about 200 yuan / ton compared with the beginning of January, and the spot price of external market was reported to 602 dollars / ton, which was about 130 US dollars / ton higher than that in early January.

Asian PX prices rebounded from 745-765 US dollars / ton in January to US $790-810 / ton in March. According to the processing fee of 500 yuan / ton, PTA dynamic production showed 50 to 200 yuan / ton profit, and large PTA producers were in a small profit situation.

As of March 25th, the operation load of PET chip plant was near 75%.

The load index of the device is about 78%, the load index of PET staple device is around 75%, and the weaving rate of downstream weaving enterprises has risen to 79%; the POY of mainstream polyester filament factories in Jiangsu and Zhejiang is near the level of 14-20 days, FDY is near 10-20 days, and DTY is near 15-30 days.