According to the price monitoring of business agency, the domestic PTA market fell slightly today (November 15). The average price in the spot market was 4903 yuan / ton, down 1.51% from the previous day and up 51.85% year-on-year. PTA futures 2201 closed at 4946 and settled at 4966, down 56, or 1.12%.

In terms of devices, recently, the restart and maintenance of domestic PTA plants coexist, and the current operating rate of the industry remains around 79%. Specifically, the 1 million ton PTA unit of chuanneng chemical stopped on October 31, and the restart date is to be determined. Hengli Dalian 2.2 million ton plant was overhauled on November 5 for about 20 days. The 1.5 million ton unit of Honggang Petrochemical is planned to be restarted in mid November.

The market is worried that the Fed will accelerate the pace of raising interest rates to curb inflation. On November 12, the international oil price fell. The settlement price of the main contract of WTI crude oil futures in the United States was US $80.79/barrel, down US $0.8 or 1.0%, and the settlement price of Brent crude oil futures was US $82.17/barrel, down US $0.7 or 0.8%.

Affected by the bad raw materials, the downstream polyester market price maintained a decline. Today, the polyester price of mainstream factories in Jiangsu and Zhejiang was reduced by 300-500 yuan / ton. The starting load of polyester is not high and remains around 81%. Affected by seasonal factors, the textile market has gradually weakened, and generally pessimistic expectations for order volume. In the domestic market, in the absence of orders, the comprehensive startup rate of Jiangsu and Zhejiang looms is about 66%, and the factory has plans to shut down and reduce production.

Business analysts believe that the decline of crude oil has weakened the support for PTA cost, and the demand side performance is general. There is an accumulation expectation of supply and demand. It is expected that the short-term PTA price will still maintain a weak trend of shock.