Under The Pressure Of Inflation, Polyester Industry Chain Promotes PTA To Rise.
Recently, the domestic PTA market continues to rise.
Spot market
Prices rose again and again, rising from 8500 yuan per ton to 9100 yuan per ton in the first week of November, rising by 600 yuan / ton.
As of yesterday, East China
Spot quotation
It is up to 12000 yuan / ton, and the downstream market is up to 11500 yuan / ton, up 35.29% from the beginning of the month.
China's main production enterprises, Yisheng petrochemical and Far East petrochemical, have also opened up the fast lane. According to China chemical network, Yisheng Petrochemical's November listing price has raised 1100 yuan / ton to 10500 yuan / ton again.
The whole market is boiling day by day.
Selling mentality
Appear.
The author thinks that the recent rise of PTA price is the result of the promotion of the domestic economic environment and the polyester industry chain itself.
On the one hand, since the second half of this year, "garlic you ruthless", to the recent "sugar high" and "Ping what" incident, all of which reflects the current domestic hot money craziness and inflationary pressure increase, in this environment, the rise of PTA prices may have been in people's expectations, uncertainty is probably only the time and amplitude.
On the other hand, the polyester industry chain itself is also in a "vigorous" state.
The upsurge of international oil prices (WTI rose from 81.43 US dollars / barrel at the end of October to 86.49 dollars per barrel at the end of the week) and the rise of PX (the Asian PX market rose 19 US dollars / ton last weekend), supporting the PTA price in terms of cost.
The downstream polyester polyester production and sales and the high price of cotton that can be replaced by products also bring impetus to the PTA market. In addition, the recent centralized maintenance of PTA manufacturers has led some businesses to take the opportunity to hype, which eventually led to a sustained rise in the PTA market.
In the face of high oil prices, upstream products will be at a high concussion in the near future. The price of polyester substitute cotton is also hard to reduce in the short term and the speculation of hot money. In a word, with the support of many factors, the price of PTA will continue to show high trend in the short term.
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