According to the price monitoring of business agency, the domestic PTA market rose significantly on February 24. The average market price in East China was 5685 yuan / ton, up 3.98% from the previous trading day and 23.20% year-on-year. PTA futures 2205 closed at 5794, up 292, or 5.31%.

Affected by the sudden tension in Ukraine, the price of Brent crude oil futures in London broke through $100 a barrel on the 24th, the first time in more than seven years. On the 23rd, London Brent crude oil futures for April delivery closed at US $96.84 a barrel. The last time Brent crude oil futures in London was above $100 a barrel was in September 2014.

Statistics of recent changes in domestic PTA units

manufacturing enterprise Unit capacity (10000 t / a) Device change

Yisheng Ningbo two hundred It was overhauled on February 10. It was originally planned to restart on February 24, but now it is postponed to restart in March.

Yisheng new materials three hundred and thirty From February 9 to the end of February, the load was reduced to 50%.

three hundred and thirty The construction started in late February increased to 80%.

Yisheng Dalian two hundred and twenty-five On February 24, it was overhauled for about two weeks.

three hundred and seventy-five It is planned to be overhauled in May.

Zhongtai petrochemical one hundred and twenty About 80% of the construction started in early February.

Yangzi Petrochemical sixty-five Maintenance on March 25 and February.

Dushan energy two hundred and twenty Minor repair, to be determined.

Zhuhai Yinglishi one hundred and twenty-five It is planned to overhaul on March 26 and restart on April 10.

Yisheng Hainan two hundred It is planned to be overhauled in April.

In terms of plant, the 2.25 million ton PTA plant of Yisheng Dalian was overhauled for about two weeks on February 24. Another 3.75 million ton PTA unit is planned to be overhauled in May. Ineos (Zhuhai) 1.25 million ton PTA plant is scheduled to be overhauled on March 26 and restarted on April 10. Yangzi Petrochemical 650000 T / a PTA unit is scheduled to start maintenance on March 25 and restart on May 15. Yisheng Hainan 2 million ton PTA plant is planned to be overhauled in April. Dushan energy’s 2.2 million ton PTA unit is planned to be repaired in a short time, and the specific time is uncertain. Under the low processing cost, the overhaul is expected to rise, and the current operating rate of the domestic industry is around 79%.

At present, PTA is still dominated by the cost side. Some market analysts believe that there are concerns that the outbreak of conflict between Russia and Ukraine and its impact on global energy supply will stimulate the surge of crude oil prices. In addition, if it has been in the background of low processing costs, the probability of joint load reduction and pressure reduction of domestic PTA major manufacturers is too high. At the same time, with the gradual recovery of downstream polyester market and terminal loom industry, the demand side will also improve. The business agency expects the short-term PTA price to remain upward.