Views: 0 Author: Site Editor Publish Time: 2023-01-05 Origin: Site
PTA Daily Review: The market outlook is narrow and weak
product name | price type | price | ups and downs | unit | |
External disk | CFR China (January 3) | 745 | -7 | USD/ton | |
PTA | factory | Hengli listed in January | 5550 | -300 | yuan / tonne |
Sinochem listed in January (acceptance) | 5600 | -200 | yuan / tonne | ||
Yisheng listed in January (cash) | 5700 | 0 | yuan / tonne | ||
Zhuhai BP listed in January | 5800 | -200 | yuan / tonne | ||
Fuhai Chuang listed in January (cash) | 5600 | -100 | yuan / tonne | ||
Factory offer in USD | 770 | 0 | yuan / tonne | ||
market | Pick up from stock | 5430-5480 | 1 | yuan / tonne | |
Futures close | 5416-5520 | -0.142857143 | yuan / tonne | ||
Brief introduction and outlook forecast | Today, the PTA spot market is weak and volatile, and the market price drops slightly. The negotiated price of PTA spot market is about 5430-5480 yuan/ton. PTA: TA2305 fell 42 yuan/ton to 5438 yuan/ton in the afternoon, opened at 5518 yuan/ton, the highest was 5520 yuan/ton, and the lowest was 5416 yuan/ton. | ||||
From the perspective of costs, after the New Year's Day holiday, concerns about the global economic recession have shrouded the market, and the fears of the epidemic in major Asian countries have also increased, which has exacerbated the fears of a global economic recession. The export quota of batches of refined oil has made the market worry about poor demand, and the market is expected to increase US crude oil inventories. Today's European and American crude oil futures continued to fall slightly in the intraday session, which did not support the chemical market well. The new plant of raw material PX is about to be put into production, the market is expected to drop, and the cost support will be weak. From the perspective of PTA's own supply and demand, in terms of short-term installations, the Yisheng New Material 1# 3.6 million tons device will start maintenance on January 2, and the restart is pending; Zhuhai BP1# 1.1 million tons device and Tongkun 2# 2.2 million tons device are expected to restart in the near future ; Tongkun Jiatong’s 2.5 million tons of new equipment has been put into operation, of which 1.25 million tons of equipment has been lifted to 80%, and will be increased to full capacity in the future; the other 1.25 million tons of equipment is expected to deliver high-quality products in the near future, and the overall start-up is still operating at a low level. Supply changes are limited. Downstream polyester demand weakens, terminals are mostly closed for holidays, and PTA supply and demand are weak and stable. Both cost and supply and demand have no favorable support for the time being, and it is expected that the short-term PTA market will run weakly within a narrow range. It is necessary to pay attention to the trend of international oil prices, the maintenance of PTA equipment and whether the downstream demand can improve. |
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