According to the price monitoring of business associations, domestic PTA spot market prices fell slightly on August 21, down 0.33% from the previous trading day and 39.17% from the same period last year. Futures market to the closing main futures (2001) closed at 5,158 yuan/ton, down 76 yuan/ton from the previous trading day, a decline of 1.45%. The import market is stable for the time being. The PTA US dollar offer refers to US$700/ton, the offer is US$660/ton, and the supplier of one-day tour reports to US$700-740/ton. The trading atmosphere in the spot market is still acceptable. Traders and factories are the main buyers.
| PVA 0588 ( PVA BP05) |
Recent PTA start-up load has been rising to around 91%, supply side of a number of devices to restart the bad market. Ningbo Yisheng 650,000 tons PTA plant is scheduled to restart on the evening of 21; Huabin Petrochemical 1.4 million tons PTA plant is scheduled to be fully loaded in the near future; Liwan Polyester 700,000 tons PTA plant is scheduled to restart near August 23.
Raw material market kept a narrow rise. The closing price of WTI main futures for international crude oil on August 20 was $56.34 per barrel, which was $0.13 per ton higher than the previous trading day. The closing price of BRENT main futures was $60.03 per barrel, which was $0.29 per ton higher than the previous trading day. Domestic PX price trend is stable, maintained near 7000 yuan/ton. The Asian PX market closed at $773 per ton for FOB Korea and $793 per ton for CFR China, up $1 per ton from the previous trading day.
| PVA |
Terminal demand improved slightly and polyester began to rebound and inventory fell. The downstream polyester start-up load restored to about 88%, and the start-up rate of Jiangsu and Zhejiang looms remained at 74%. In terms of inventory, polyester FDY inventory decreased by 3 days, polyester DTY by 2.5 days and polyester POY by 2 days. In terms of price, most of the mainstream polyester factories in Jiangsu and Zhejiang regions reported stable prices, with an increase of 50 yuan per ton. Among them, polyester POY (150D/48F) is 7650-8000 yuan/ton, polyester FDY (150D/96F) is 7950-8200 yuan/ton and polyester DTY (150D/48F low elasticity) is 8900-9200 yuan/ton.
Business analyst Xia Ting believes that PTA supply side has recently restarted a number of devices, suppressing prices, and insufficient cost-side support. However, downstream demand has gradually improved, production and sales have improved, and PTA is expected to decline in limited space. The future market still needs to pay attention to the planned overhaul of 2.2 million tons of Hengli Petrochemical plant and the change of terminal demand.
| POLYVINYL ALCOHOL |