According to the price monitoring of business agency, the domestic PTA market fell slightly on February 15. The average market price in East China was 5685 yuan / ton, down 0.12% from the previous trading day and up 40.98% year-on-year. PTA futures 2205 closed at 5696, down 24, or 0.42%.

Statistics of recent changes in domestic PTA units

manufacturing enterprise Unit capacity (10000 tons / year) Device change

Yisheng Ningbo two hundred Maintenance for 2 weeks on February 10.

Yisheng new materials three hundred and thirty From February 9 to the end of February, the load was reduced to 50%.

three hundred and thirty The test run was started on January 28, and 50% was started in early February.

Zhongtai petrochemical one hundred and twenty About 80% of the construction started in early February.

Yisheng Dalian two hundred and twenty-five The overhaul is planned in early March, and the specific situation is to be determined.

In terms of supply, two sets of 6.6 million ton units of Yisheng new materials were put into operation, the 2 million ton / year PTA unit of Yisheng Ningbo was shut down for maintenance on February 10, and the 1.2 million ton PTA unit of Zhongtai Petrochemical started about 80% in early February. The 2.25 million ton PTA plant in Yisheng Dalian is planned to be overhauled in early March. The specific situation is to be determined. At present, the operating rate of PTA industry has dropped to about 80%.

Oil prices rose sharply for two consecutive trading days, hitting a new high for more than seven years, mainly due to the escalation of tensions between Russia and Ukraine; In addition, the actual output increase of OPEC + does not meet the target, which aggravates the concern of global energy supply shortage. On February 14, the price of international crude oil futures rose sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $95.46/barrel, up US $2.36 or 2.5%, and the settlement price of the main contract of Brent crude oil futures was US $96.48/barrel, up US $2.04 or 2.2%.

Since the seventh day of the first month, the mainstream weaving factories in Jiangsu and Zhejiang have resumed work one after another, and the loom operating rate has risen to more than 35.35%. However, the terminal manufacturers have a strong wait-and-see mood, lack of enthusiasm for raw material procurement, use more inventory, mainly inquiry, and the market is still in a recovery period. In addition, the epidemic situation in many places is severe, especially in Suzhou and surrounding areas. As an important textile place, logistics will also be affected.

Business analysts believe that the slow resumption of terminal weaving and the pressure on the demand side of PTA lead to insufficient action on price. Although the light textile cities and textile cities across the country have opened one after another, the logistics has not been fully restored, and the trading volume is relatively small. It is expected that it will be gradually clear after the Lantern Festival. The positive support on the cost side remains, restraining the decline of PTA. It is expected that the short-term PTA price will still fluctuate and warm.