Cost Driven Overlay Device Maintenance PTA Market Rose Slightly In The Short Term
On the same day, the average price of PTA rose by 15.90% compared with the spot price of 357% on the same day of the same day, which was 15.80% higher than that of the domestic spot market. Compared with the main futures market, futures rose by 33.6% to the main futures market.
| manufacturing enterprise | Unit capacity (10000 tons / year) | Dynamic device operation |
| Ningbo Yisheng | two hundred and twenty | Postpone to mid July for 2-3 days |
| Jiaxing petrochemical | two hundred and twenty | Stop at night on July 12, restart time to be determined |
| Livan polyester | seventy | Restart and shutdown on April 30 |
| Hanbang petrochemical | sixty | It will be stopped for maintenance from May 9, and restart to be determined |
| Tianjin Petrochemical | thirty-four | On April 17, the vehicle was shut down for maintenance, and the restart was to be determined |
| Pengwei petrochemical | ninety | On March 9, the vehicle was shut down for maintenance, and the restart was to be determined |
| Zhongtai petrochemical | one hundred and twenty | The feed was restarted on July 1 and discharged on the evening of July 2. Now it is running at 95% |
| Hengli Dalian | two hundred and fifty | Among them, 1.25 million tons will be put into operation on June 28, 2020, and will be produced on June 29 and July 2, 2020. Another production line of 1.25 million tons was put into operation on the evening of July 11, and is now running at 85% load |
| Yisheng Hainan | two hundred | Postpone maintenance schedule |
| Fuhaichuang | four hundred and fifty | On July 9, the load reduction operation was carried out, and it was planned to maintain for one week |
| Jialong petrochemical | sixty | The vehicle was shut down for maintenance on August 2, and the restart time is to be determined |
Fuhai Chuang 4.5 million T / a PTA plant was put into operation with reduced load on July 9 and maintained for one week. Jiaxing Petrochemical 2.2 million ton PTA plant was shut down at night on July 12. It is planned to overhaul for about 2 weeks. Due to failure, the restart time is still to be determined. Some units at the supply end will be overhauled or some pressure will be relieved. In addition, as the implementation rate of OPEC's production reduction reached 100% in June, crude oil rebounded slightly, and the price of WTI's main contract on the 14th was $40.29/barrel, up $0.19/barrel from the previous day, which supported the cost side. Downstream polyester start-up load maintained around 87%, the comprehensive start-up rate of Jiangsu and Zhejiang looms was lower than 60%, which was at a low level compared with the same period last year, and the terminal market remained mainly light demand.
Xia Ting, an analyst at the business agency, believes that under the influence of cost driven and maintenance of its own devices, PTA market is expected to rise slightly in the short term. In the future, some PTA plants still have plans to postpone equipment maintenance. In addition, with the load increase of Hengli line 5 and Zhongtai this week, the PTA excess pressure increases in the later stage, and the accumulated supply and demand range is further expanded, and there is still downward risk in the price.
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