The arrival of traditional textile season PTA is expected to warm up

According to the price monitoring of business clubs, prices of current PTA prices have declined slightly since the beginning of this month, and the current price of the domestic spot market (East China) is 8,950 yuan per ton, which is a decrease of approximately 2.19 percent compared with 9,150 yuan per ton at the beginning of the month and a year-on-year decrease of approximately 20.80 percent. %. The main contract of the ** aspect (TA205) was 9056 yuan/ton, which was a decrease of 0.72% from the beginning of the month to 9122 yuan/ton.

The main reason why the current round of PTA prices is difficult to maintain at a high level due to weak demand power in the downstream market is the lack of downstream demand. At present, the polyester factory has a large inventory pressure, and the overall performance of the weaving enterprises is flat. It is obviously inferior to the same period of last year. The market transactions are light and the company has been holding a wait-and-see attitude toward the development of polyester filament prices. The price is relatively stable, but some factories have adopted preferential policies during actual transactions and have a strong willingness to ship. Taking polyester POY (150D/48F) as an example, the current price is 12,100 yuan/ton, which is about 2.02 yuan less than that at the beginning of the month, which is about 2.02 yuan/ton. %, a year-on-year decrease of approximately 18.79%.

The traditional peak season for textile products is expected to pick up in PTA. In February 2012, the China Commodity Supply and Demand Index (BCI) released by Commodity Data Business Group was 0.16, which was an increase of 0.35%, reflecting that the manufacturing economy continued to expand during the month from last month. State, but the extent of expansion weakened. The same textile market is also not satisfactory. By the end of February, the fabric market showed a "stable price and slight increase in volume." The old and new varieties eased and the prices were mainly stable and weak. The volume of trading volume was unbalanced, "hot and cold", but it was enlarged from last month. From the perspective of the entire textile market, orders for the textile industry in February have improved from the previous month, indicating that demand is gradually recovering.

In March, there were many PTA plant maintenance plans. Xia Ting, an analyst with PTA, believes that with the arrival of the textile traditional consumer season and textile exhibitions in March, polyester inventories will gradually be consumed, and demand for PTA will increase. At the same time, crude oil in the outer disk continues to rise, raw material PX is also continuing to climb, and its cost is favorable. PTA prices are expected to pick up.