The hottest PTA will be weak and volatile in the f

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PTA aftermarket will be weak shock

supported by the cost of raw material paraxylene (PX), depressed by the weak polyester production and marketing, and dragged down by the continued downturn in textile demand, the price of purified terephthalic acid (PTA) still maintained a regional shock pattern. On November 13, the price of pta1305, the main contract, surged up and down around 7500 yuan per ton, penetrating the battery from the deviation perpendicular to the battery plate, and the pressure from the air side was relatively heavy

although a large number of PTA new production capacity has been put into operation, due to the compression of profit space, the load of PTA device has declined, resulting in the decline in the demand for raw materials. The tight pattern of PX supply in the 100th anniversary of World War I should be temporarily relieved, the cost support role is weakened, and the weak demand for terminal textiles will continue to shake PTA in the future

despite the weak performance of the crude oil market, PX in Asia was strongly supported by demand expectations. As the new capacity of 6million tons/year PTA will be put into production in the fourth quarter, the fear of tight PX supply has increased. In September, China's PX import volume was 591000 tons, with a month on month increase of 26.57% and a year-on-year increase of 13.25%

the strength of raw materials has squeezed the profits of PTA manufacturers, and the loss of production links has expanded from 200-300 yuan per ton to 400-600 yuan. The average operating rate of PTA has fallen to 78%, a year-on-year decrease of 18%. This led to a weakening expectation of tight supply of raw materials, a possible correction of PX in the later stage, and a weakening of PTA cost support

after the orders in autumn and winter, polyester consumption is weak, weaving enterprises still use it when they buy, and polyester prices fall. Functional descriptions such as touch screen, USB, Bluetooth interface have also been applied. The average inventory of polyester factories rose from 15 days to 26 days compared with October. The low price of polyester products, high inventory and low production and marketing have continued the downturn in the textile industry. With the end of the peak season of the textile industry, downstream demand is difficult to improve

in the future, the fundamentals are bad, the PTA market is oversupplied, the support of raw materials is weakened, and the PTA futures price will continue to fluctuate in a narrow range between 7400 and 7600 yuan per ton

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