At the beginning of December, Chemical raw materials PTA spot prices have risen to the recent three years and two months, the high point of the real priceless to do the point, despite the expensive but out of stock ah.
The first 4 days of early December can be mentioned PTA spot premium futures TA1801 base difference currently has risen from 40-50 yuan to 200-250 yuan, the wave of PTA less speculation up the market momentum is still more fierce news, it can be said Is the situation of goods less favorable has accumulated to a point after the break-out market, which is also beyond the market unexpected.
Polyester started downstream this year still maintain a high state, which also led to the PTA as a whole in short supply, resulting in an imbalance between supply and demand statistics from April to December average monthly operating load of polyester about 86.8%, far higher than in previous years Over the same period, PTA from April to inventories continued until November, crude statistics to November PTA inventories fell to about 400,000 tons in the past five years in the low.Politicians believe that in November PTA restart the new device put into operation, can Alleviate the PTA cargo less pressure.But in November Tongkun new device is not scheduled to put into operation, restart the old device, stop again after Huabin petrochemical plant, and many other PTA devices are mostly in the temporary stop state, which plays a very PTA less the situation Big favorable factor support .2002 Hanbang Petrochemical 2.2 million tons / year PTA plant failure and stop again, and Yangzi Petrochemical 600,000 tons / year PTA plant delay to restart in mid-January, PTA Unexpectedly become favorable PTA device Quotes rising fuse, the goods dragging the market is irresistible.
Chemical industry raw material PTA spot rose, PTA chain profits from the transfer of polyester to the PTA .11 average monthly production profit and loss of polyester staple 876 yuan / ton, Polyester POY655 yuan / ton, PTA130 yuan / tonne, while in December average monthly production profit and loss Polyester staple fiber 500 yuan / ton, Polyester POY297 yuan / ton, PTA345 yuan / ton. PTA goods less likely to continue rising, while the polyester production and sales is not strong market price is not easy, short-term PTA continue to squeeze polyester profits, profits of the industrial chain Continue to move up to PTA position.
From a later point of view PTA market continued to rise situation is still facing more negative factors: for example, the United States tax reform passed and in December the Federal Reserve also raised interest rates again, which for the United States dollar index, but for the commodity market has played a larger negative effect There are rumors that some exchanges in our country are currently under investigation malicious source of speculation in the futures capital, thus cracking the recent speculative gains in the current downstream polyester production and sales of the poor market, relying on the occasional speculation has led to the current market sales The situation improved, but still difficult to cover up the weakening of the polyester market trend of production, if the latter part of the polyester production began to lose money and inventory began to gradually increase, then the polyester start loading rate will inevitably decline.
From the short-term trend of chemical raw materials PTA less favorable situation will certainly be further extended, and the enthusiasm of the market is also rising speculation is expected to short-term PTA market will show a slight upward trend, but be sure to guard against the post-fall down Risk.