PTA: GRADUALLY STABILIZE

PTA supply, this week the unit operating rate fell to below 80%. Yadong Petrochemical 700000 tons, Honggang Petrochemical 1.5 million tons of unit maintenance, the overall operating rate declined. The overhaul of 2.2 million ton unit of Hengli Petrochemical was delayed. On the cost side, the crude oil price is high, and the PX price is relatively strong. In the early stage, it is expected that the new PTA plant of Yisheng new material will be put into operation at the end of June and the beginning of July, and the price difference of PX naphtha will remain at around US $210. PTA spot processing fee fell to about 500 yuan / ton. Polyester, Xiaoshan plant continues to reduce the load, the overall polyester load dropped to 90%. The promotion of polyester filament was cancelled yesterday, the downstream purchase was light, less than 40%, the growth rate of terminal orders was low, and the upward space of raw material prices was limited. 

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