Introduction: Affected by the Asian Games, some polyester factories have introduced maintenance or load reduction plans. The polyester operating rate has declined. The demand has weakened in a narrow range, which has restricted the PTA market. However, PTA’s main factory equipment has reduced the load or introduced maintenance plans. Supply pressure has eased slightly, but PTA has accumulated inventory.
Data source: Jin Lianchuang
Recently, the PTA unit is under maintenance of 5.3 million tons and the operating rate is around 81.77%. In October, two units of Ningbo Yisheng are scheduled for maintenance, and Jiangyin Hanbang’s 2.2 million-ton unit is scheduled to resume production; in mid-November, Zhuhai Ineos’s 1.1-million-ton unit is scheduled for maintenance. From the current point of view, equipment maintenance and restart are likely to coexist, so the PTA operating rate may remain at a level of around 80%-82%.
Data source: Jin Lianchuang
According to Jin Lianchuang statistics, due to the impact of the Asian Games in mid-September, some polyester factories in Xiaoshao and surrounding areas have begun to reduce their shutdowns. The polyester production capacity that has been shut down for maintenance is around 4.4 million tons. This production reduction is mainly based on polyester filament and Mainly polyester bottle flakes. The polyester operating rate may passively drop by about 4%-5% in September. The low point of the polyester load is expected to be around 86%, and the duration will be around half a month. The overall polyester industry operating rate may rebound slightly in early October. situation.
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