According to the monitoring of the business community, the average price of the domestic PTA spot market on November 17 was 5713 yuan/ton, down 1.75% from the previous day.
| PVA |
At present, the commencement of PTA industry is stable at about 74%, of which a 2.4 million ton PTA plant in East China is planned to be overhauled for about 10 days in late November. The fall in crude oil price has weakened the support for PTA cost. The high inventory of polyester plants in the downstream will not be changed. Large plants will carry out a new round of joint production reduction. It is said that the industry starts to fall below 50%. In terms of terminals, the operating rate of looms in Jiangsu and Zhejiang provinces has dropped to around 57%. It is expected that after December, textile enterprises will have more annual holidays.
According to the analysts of the business community, the current downstream off-season characteristics are obvious, which has a significant drag on the demand for PTA. The accumulation of PTA may increase significantly. Superimposed on the production expectation in the fourth quarter, it is expected that the PTA market will continue to be weak.
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