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PTA And Polyester Both Suffer From Low Operating Rate.

2015/10/14 20:09:00 56

PTAPolyesterMarket Quotation

Since the beginning of this year, the starting rate of major weaving clusters has not reached full load, and the rate of opening up in most areas is around 70%.

In fact, not only the terminal weaving industry, but also the current PTA and polyester market are in a doldrums.

After the National Day holiday, the PTA factory load dropped to 58%, down 10 percentage points from the same period last year, and the polyester factory load dropped to 77%, slightly higher than the same period last year 5 percentage points, and the load of Jiangsu and Zhejiang looms dropped to 62%, lower than 15 percentage points of the same period last year.

"The two quarter of the installation accident frequently occurred in the three quarter of the domestic PTA device centralized maintenance, this year, the average load of PTA in China is 66.4%, compared with the same period last year, the average load dropped 3 percentage points.

Nevertheless, the profits of PTA plant have not been improved. "

Wei Lin said that the average loss of PTA factory this year is around 300 yuan / ton, which is obviously worse than the same period last year.

"Although this year's Polyester start-up load is higher than that of the same period last year, this is the only time."

Wang Guangqian, a futures analyst at Soochow, explained that as a result of last year's 6 PTA factory price Union, the downstream polyester plant adopted a joint production reduction measure in the same period. Last year, the base of the polyester start-up load was relatively low.

But with the oil slump in the second half of last year, downstream industries

cost

Greatly reduced, the terminal weaving industry orders increased significantly, polyester load showed a gradual recovery process.

"For this year, although the price of raw materials is relatively low, but the terminal demand is low, and at present polyester production profit and inventory pressure are relatively large, late polyester load is limited."

Many people in the industry have reflected that the stock of polyester products has been on the high side for a long time, resulting in the difficulty of price pmission, and the price of polyester products is increasing. The cash flow of related enterprises is also worse than last year's average level.

"Because of

cost

The pmission is not smooth enough. The price of raw materials has not brought benefits to polyester enterprises, but has led to the deterioration of polyester cash flow.

According to Wei Lin, as of now, the cash flow of DTY, which has always been slightly better, has been reduced from 255 yuan / ton before the festival to the current 23 yuan / ton. The cash flow of FDY, which is basically at break even, is -196 yuan / ton before the holiday.

Similarly, upstream

PTA

The industry has been unhappy this year.

It is understood that this year, the domestic planned PTA new plant capacity reached 6 million 650 thousand tons, the first quarter of Hengli Petrochemical 2 million 200 thousand tons / year 3 unit put into operation, in early July, Zhuhai BP three phase 1 million 250 thousand tons / year new device has also been successfully put into operation.

At present, the total capacity of PTA in China reaches 46 million 930 thousand tons, which exceeds the total domestic polyester production capacity, and the oversupply is aggravated.


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