PTA: A Stalemate Between Buyers And Sellers

< p > operation rate: this week, the PTA factory continued to cut down its production rate, and the Tong Kun 1 million 500 thousand ton / year device shutdown lasted for about 10 days. Yisheng Petrochemical announced that it maintained about 57% low opening rate in August. Xiang Lu a href= "http:// www.sjfzxm.com/news/index_c.asp" > petrochemical "/a" new 1#, 2# installation overall operation rate was only about 74%, and the Far East Petrochemical plan later reduced production. At present, the domestic PTA overall operation rate is around 57%, the supply of PTA spot is not much, and the price of the spot is relatively strong. < /p >
< p > upstream and downstream: at present, the upstream and downstream news of PTA is empty. After the new PX capacity has been put into operation, the price of the PTA plant is much lower than the PX price. In August 5th, the Asian PX closed 1361.5 US dollars / ton CFR Taiwan / Mainland, and the PTA production cost was 7449 yuan / ton, slightly lower than the spot price. It is the first time that PTA production has turned into a deficit in the last one and a half months. < /p >
< p > downstream > a href= "http://? Www.sjfzxm.com/news/index_c.asp" > polyester factory < /a > overall production and marketing is low, polyester filament production and marketing in recent years mostly in 60%-70%, polyester staple fiber production and marketing recently in 30%-60%, polyester production loss, but polyester factory preferential delivery, pressure is increasing, polyester factory may reduce production, resist PTA high price. < /p >
< p > macro aspect: the central bank's "China's monetary policy implementation report for the second quarter of 2014" pointed out that we should continue to implement a prudent monetary policy and adhere to the orientation of "total stability and structural optimization", which not only maintains the strength and takes the initiative, but also timely and appropriately pre fines the fine-tuning. The central bank reported that liquidity is expected to maintain a reasonable growth in the second half of the year, which will help stabilize the market mentality. < /p >
< p > high and low message interweave, PTA factory reduced production very well, but PX external market continues to fall, polyester factory production and marketing is low, there is no direction in the market. It is expected that the short-term PTA market will continue to narrow oscillations, and there is no unilateral market. < /p >
< p > related links: < /p >
< p > from traders and listed companies, it is known that the price of disperse black is 1000 yuan / ton to 45 thousand yuan / ton, and the price of other disperse dyes is 2000 yuan / ton. The price rise is in line with the recent hints of Minsheng securities. In the market generally pessimistic about dyes, we dare to watch the dyestuff industry. < /p >
< p > the price rise time is slightly higher than expected, mainly due to the closure of some intermediate enterprises in the northern part of Jiangsu Province. Due to the shortage of sewage treatment facilities in North Jiangsu Industrial Park, disperse dyes will continue to process capacity. Moreover, due to patent restrictions, disperse dyes will remain stable before 2019, and prices will be stable and upward. < /p >
< p > at present, some people in the market are too pessimistic about reactive dyes. We are still optimistic about the current situation. Main reason: Recently, there are rumors that many regions will have new capacity of producing H acid. We know that because of the large number of by-products of HA, the comprehensive treatment is very difficult, and the project is difficult to pass the examination and approval. < /p >