According to the price monitoring of the business agency, the domestic PTA spot market continued to fall slightly today (October 13). The average market price was 5367 yuan / ton, down 1.57% from the previous day, with a year-on-year increase of 59.74%. In the futures market, the main force 2201 closed at 5392, down 110, or 2%. In terms of devices, Sichuan energy invested 1 million tons of PTA device, which was discharged on October 12. In the process of increasing the load, the current operating rate of PTA industry is more than 62%, and the spot supply has increased.
In the raw material market, at present, the U.S. crude oil inventory is low and the crude oil price fluctuates at a high level, which still has a certain support for PTA. On the demand side, the overall market atmosphere was general. The downstream polyester industry started 77.34%, slightly lower than the previous trading day, and the factory’s enthusiasm for PTA spot procurement decreased. In terms of price, there is a strong wait-and-see mood in the polyester Market in Jiangsu and Zhejiang today. Most mainstream polyester factories in Jiangsu and Zhejiang have temporarily stabilized their quotation, and some have increased by 50-100 yuan / ton.
Business analysts believe that next, during the restart of some large PTA devices, the superposition of downstream demand follow-up is limited, or the action force on price is limited. However, the upstream cost support is OK, and the falling space is also limited. It is expected that the short-term PTA will remain high and volatile.
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