PX Supply Shortage PTA Is Expected To Continue To Shock Rising Market

< p > this year's demand for polyester has also played a significant role in promoting PTA. The start of PTA is also improving every month. By June, the overall operating rate has reached 81.8%, and it remained above 75% in July.

If the operating rate of PX in the three quarter can reach an average of more than 78%, the digestibility of PX in a single month will basically remain at 1 million 400 thousand tons, and domestic PX will be about about 600000 tons. If the import is less than 700 thousand tons / month, the supply of PX will be very tight.

And some petrochemical companies in Japan and South Korea have announced plans to stop production maintenance in the three quarter, or further aggravate the market's great concern over the supply of PX.

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< p > the market was exacerbated by the explosion of the PX project in Gure, Zhangzhou in July 30th.

The incident not only means that the plant is postponed again, but also has the potential to affect the smooth operation of the other two units in China.

All previous domestic PX events have become a sharp weapon for foreign petrochemical giants to hype PX: in August 2011, the Dalian public procession boycotted the PX project. The largest increase in PX profits in the next two months was 40%; in October 2012, after the Ningbo PX incident, PX profits increased by 27.6%; in May 2013, the PX event in Kunming, PX profits stopped; in July 30th, the Gure PX project exploded, and PX profits rose, rising 24 dollars / ton in a week.

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< p > polyester consumption peak season approaching < /p >

< p > in the second half of August, we will enter the peak season of polyester consumption. According to our seasonal factors in the past 4 years, the start of polyester in the three quarter will increase by 4-5 percentage points over the two quarter, mainly due to the thick a target= "_blank" href= "http:// www.sjfzxm.com/" > clothing < /a > material in winter.

This year, the demand for polyester has been significantly warmer than that of last year. It mainly benefited from < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > a target= "_blank" href= "//www.sjfzxm.com/" > clothing > export > and domestic demand for stable growth.

The current downstream inventory pressure is small.

For polyester factories, there is not much pressure on raw materials or products.

It is expected that with the smooth summer 2013 in Jiangsu and Zhejiang provinces, the stocking of downstream producers will continue.

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< p > expected to enter the middle and late 8 months, the polyester operating rate will slowly rise, entering the peak of production in 9-10 months, and the vigorous demand will provide larger cost pfer space for PTA.

In the three quarter, PTA is expected to continue the shock market.

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