Recently, polyester raw materials have launched a wave of rebound trend. Among them, PTA once again challenged the 6000 mark pressure, and MEG also rebounded nearly 200 points from the low point. At the same time, polyester factories have eased the pressure on inventories through a wave of profits and production cuts.

Supply in a phased narrowing situation

From the PTA market point of view, although the centralized maintenance situation appeared in stages in April and May, since the second quarter, the load from the terminal loom has moved down slightly, and the polyester link to the warehouse is not smooth due to boiler transformation and environmental protection problems after the superposition of May 1. So that PTA in the continuous accumulation of 3 months, the April-May to the inventory range is only 1/2 of the first quarter of the inventory range.

According to the central rate of the exchange rate, the recent PTA spot processing fee fluctuates at 350-400 yuan/ton. At present, a single set of devices with a capacity of less than 1 million tons are in the parking state; In a single set of devices with a production capacity of 100-225, the proportion of devices in a long stop reaches 31%, and a single set of devices with a production capacity of more than 2.5 million tons are basically upstream and downstream supporting, and there are certain advantages in cost, in addition to the normal maintenance of the device, the other are normal operation.

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