According to the price monitoring of business agencies, the domestic spot market price of PTA fell slightly on September 7, with an average price of 3590 yuan / ton, down 0.37% from the previous trading day and 31.97% lower than that of the previous trading day. PTA main futures (2101) closed down and closed at 3726, down 4% or 0.11% from the previous trading day.
Ningbo Yisheng 2.2 million ton PTA plant was shut down for 2 weeks on September 3. Huabin Petrochemical’s 1.4 million ton PTA plant has been upgraded to full load operation. The overall operating load of the industry has increased to more than 83%, and the supply tends to be loose. Crude oil fell sharply on Friday. As of September 4, the international crude oil WTI closed at US $39.77/barrel and Brent closed at US $42.66/barrel. Crude oil fell to the low point since July 13, and the wait-and-see atmosphere in the market increased. The downstream polyester market is low in buying, light demand and high production and sales in the early stage of market digestion.
Xia Ting, an analyst at the business agency, believes that the price of raw materials at the cost end has fallen and adjusted, and PTA trend is weak. In the future, we still need to pay attention to the oil price and maintenance.
| Thiourea |