Cut Production And Cost Support PTA Price Soaring Soaring

< p > < strong > < a > href= > http:// > www.sjfzxm.com/news/index_c.asp > PX < /a > reduction in production leads to lower stock preparation enthusiasm < /strong > /p >
< p > affected by the downturn in the polyester market, the price of PX has declined sharply in the first half of the year, and profits have dropped to a historical low level. This has affected the enthusiasm of the enterprises, reduced production of the old Asian devices, delayed the commissioning of the new installations, reduced the supply of PX, and the spot price rebounded rapidly. In the near future, the restart time of Asian PX devices is uncertain, which stimulates traders to replenish the goods continuously, and the price of PX accelerates to rise. This leads to the enthusiasm of stocking in downstream PTA and polyester market, and the market has staged a rebound. However, at the peak stage of PX's new capacity commissioning, according to statistics, the new capacity of PX put into operation worldwide is up to 3 million 430 thousand tons from the end of 2013 to the first half of 2014. In the long run, with the improvement of the production and operation of PX enterprises, 7 or August will have the old equipment restarted or the new plant will be put into operation. The starting rate of the PX plant will gradually pick up, and the supply will also increase. The situation of the strong rise in PX prices will gradually ease. Therefore, we should be cautious about the rebound of downstream PTA caused by the sharp rise in PX prices. After the recent continuous rise, PX processing has huge profits, which may stimulate the recovery of operating rate. < /p >
< p > < strong > limited production guarantee price < a href= "http:// www.sjfzxm.com/news/index_c.asp" > PTA < /a > supply stress < /strong > /p >
< p > because of the accumulation of social inventory, the pressure of oversupply increased, industry profits sharply reduced, and PTA enterprises significantly reduced the operating rate in June. Production enterprises jointly limited production and insured prices, temporarily reversed the PTA price continued to fall, and the company's production profits also rose significantly. However, profits were soon swallowed up by a strong upstream, and PTA enterprises once again turned into losses. At present, the operating rate of PTA enterprises is still at a low level of 70%. In the short term, the joint production reduction of enterprises will result in tight supply, which is likely to continue to push up the PTA price. However, domestic production capacity is seriously overabundant, and the relationship between enterprises is a joint and competitive one. Once the processing profit is up, there will be a variable in the price limit, so we need to pay attention to the profit dynamics of the PTA industry. < /p >
< p > strong > off-season < a href= "http:// www.sjfzxm.com/news/index_c.asp" > demand < /a > restricted cost transfer < /strong > /p >
< p > at present, it is in the off-season of terminal textile and clothing consumption, and the start-up rate of downstream looms and looms is at a low level, and the polyester sales market is flat. According to CCF statistics, at present, the stock of filaments is mostly in 2 to 4 weeks, although the high point is lower than that in the year. However, under the low opening rate of 71%, the stock of polyester is still rising, which shows that the downstream consumption is weak. Therefore, under the premise of poor sales, the fast rising cost is difficult to pass to the bottom of the industrial chain. This has become the main reason that restricts the price of raw materials. 8 in mid and late June, the terminal will be stocked up ahead of schedule to meet the peak season of consumption. At that time, the market is expected to become clearer. < /p >
< p > above all, in the short term, raw material PX and production enterprises jointly reduce production or continue to push up the price of PTA. However, in the midline view, the lucrative PX may stimulate the recovery rate of operation, and the reduction of production and insurance prices of PTA enterprises will also fluctuate with the fluctuation of profits, coupled with the weak consumption in the downstream, so it is difficult to bear the sustained and rapid rise of raw material prices, so we should watch more PTA. < /p >