Ups and downs of crude oil market outlook cautiously optimistic PTA
The ups and downs of crude oil price movements for the PTA prices have some influence, but mainly depends on our market and product and raw material PX PTA overall supply and demand pattern. Recently, the domestic PTA market gradually out of the doldrums, showing a relatively strong rise in the trend. However, PTA prices continued to rise in the space should not, the recent consolidation of the current price will be based; with Economy The improvement of the situation, the medium-term upside may be showing a slow process.
8 after late, PTA price trend fell, trading atmosphere in the fall Polyester PX weak demand and increased supply to suppress the market price, lack of spot market sentiment, traders wait and see attitude strong. After the October National Day holiday, the expected demand to pick up, a weaker dollar boosted by such factors, the rise in international oil prices stabilized, raising the cost of supporting PTA market up; followed by PTA rose too fast, technically necessary adjustments, the recent PTA spot market has opened lower on the situation presented. However, as crude oil prices were steady at 80 U.S. dollars / barrel in the vicinity, PTA market also maintained the trend of small shocks.
PTA market performance during this time, mainly due to the superposition of positive and negative factors of influence. On the one hand, high and volatile crude oil in support of PTA prices, profit margins high rate makes the device starts, take the goods smoothly leading source of supply, the market can still be active in the atmosphere; the other hand, a sufficient supply of raw material PX to the cost of suppressing the downstream poly ester weak market trend no signs of large purchases, traders unstable state of mind to grasp the trend of the latter is not. Good and bad in the see-saw process, PTA product margins remained at around 1,000 yuan, plant operating rates have been highest in more than 80%.
Looking forward, oil prices expected to continue strong, PX prices is limited, but also gradually reduce the bad, prices are expected to stabilize near the line on costs. Thus we can predict that raw materials should not drag PTA market movements, the future market will be driven mainly by demand side. Consideration to the terminal after demand by the early release of repression is still slow, chemical fiber production and sales are expected appearance time of season too early. However, as domestic and international economy continues to rebound in consumer spending will gradually pick-up downstream will gradually get rid of reason to believe that early slump.
Present, due to increasing supply of PTA, especially in the contract goods more abundant, the market outlook can not be too optimistic. However, the downstream polyester factory operating rate to maintain a high level, the formation of the PTA still needs support. Expect the short term, the domestic PTA market will continue to price shocks in the current order. With the end of the year approaches, companies will gradually start next year's contract negotiations with suppliers to compete for market share, may compete in the final two months. In ample supply, weak demand in the context, PTA medium-term trend of the market pressure.
8 after late, PTA price trend fell, trading atmosphere in the fall Polyester PX weak demand and increased supply to suppress the market price, lack of spot market sentiment, traders wait and see attitude strong. After the October National Day holiday, the expected demand to pick up, a weaker dollar boosted by such factors, the rise in international oil prices stabilized, raising the cost of supporting PTA market up; followed by PTA rose too fast, technically necessary adjustments, the recent PTA spot market has opened lower on the situation presented. However, as crude oil prices were steady at 80 U.S. dollars / barrel in the vicinity, PTA market also maintained the trend of small shocks.
PTA market performance during this time, mainly due to the superposition of positive and negative factors of influence. On the one hand, high and volatile crude oil in support of PTA prices, profit margins high rate makes the device starts, take the goods smoothly leading source of supply, the market can still be active in the atmosphere; the other hand, a sufficient supply of raw material PX to the cost of suppressing the downstream poly ester weak market trend no signs of large purchases, traders unstable state of mind to grasp the trend of the latter is not. Good and bad in the see-saw process, PTA product margins remained at around 1,000 yuan, plant operating rates have been highest in more than 80%.
Looking forward, oil prices expected to continue strong, PX prices is limited, but also gradually reduce the bad, prices are expected to stabilize near the line on costs. Thus we can predict that raw materials should not drag PTA market movements, the future market will be driven mainly by demand side. Consideration to the terminal after demand by the early release of repression is still slow, chemical fiber production and sales are expected appearance time of season too early. However, as domestic and international economy continues to rebound in consumer spending will gradually pick-up downstream will gradually get rid of reason to believe that early slump.
Present, due to increasing supply of PTA, especially in the contract goods more abundant, the market outlook can not be too optimistic. However, the downstream polyester factory operating rate to maintain a high level, the formation of the PTA still needs support. Expect the short term, the domestic PTA market will continue to price shocks in the current order. With the end of the year approaches, companies will gradually start next year's contract negotiations with suppliers to compete for market share, may compete in the final two months. In ample supply, weak demand in the context, PTA medium-term trend of the market pressure.
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