Ningbo Eliminated 295 Thousand Tons Of Chemical Fiber In The First 9 Months

Through active self pressurization, Ningbo, Zhejiang has overfulfilled the target of eliminating backward production capacity by the state and province this year.

As of the end of September, Ningbo has closed down 232 enterprises with backward production capacity.

It is capable of saving 318 thousand tons of standard coal.

In the first 9 months of this year,

A total of 465 enterprises in the city have completed the phasing out tasks, including 232 shutting down backward production enterprises, 295 thousand tons of chemical fiber and 190 million meters of printing and dyeing.

This year, Ningbo has arranged 11 key blocks (industries) renovation plan.

Up to now, the 39 enterprises in the Hangzhou Bay dyeing and printing park have been reorganized into 2 enterprises.

Next year, it will be completed and upgraded.

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OPEC's decision to reduce output in November 27th led to a sharp fall in oil prices.

By November 28th, the price of WTI in the United States dropped by nearly 10% compared with the closing price in November 26th, falling below 67 US dollars / barrel, a 5 year low.

When the oil price is more closely related to PTA, the PTA industry will reduce production and respond to price fluctuations.

At present, the PTA device that has been stopped is Yanda grand 750 thousand ton device and constant force 2 million 200 thousand ton device, etc. the domestic PTA real-time start-up load falls below 65%.

Since the settlement mechanism of PTA plant in May and June of this year, the clearing price has been re priced according to the cost of raw materials PX plus 700 yuan / ton.

The price of PX has a direct impact on the PTA market, making the correlation between PTA and crude oil to a certain extent enhanced.

Yisheng, Hengli and Xiang Lu issued a PTA settlement price of 5950 yuan / ton in November, down 150 yuan / ton from last month.

Recently, Hengli petrochemical and Far East petrochemical company's PTA contract price in December has been issued at 6100 yuan / ton.

In fact, crude oil prices plummeted, causing PTA companies to reduce their contract price by 12.

Zhao Cheng, an analyst at China textile net, said that the price of these enterprises was originally priced at 6300 yuan / ton, and the price of crude oil dropped, and they lowered the price.

Zhao Cheng believes that the next announced price may also be reduced.

At present, despite the decline in crude oil, PX enterprises have a high degree of concentration and strong location and have more voice in the industrial chain.

This year only two months PX and the PTA industry reached the PX ACP advocacy price, and the two industries in other months are divided.

Crude oil prices continue to be weak, which brings variables to PTA's purchase. Although there are many advantages, PTA obviously has to adapt to this change.

For example, in October of this year, PTA and PX reached a price agreement, crude oil prices fell further after the national day, resulting in the loss of PTA business interests.

Crude oil prices have fallen in a landslide. Many analysts believe that this will lead to further decline in the price of PX.

PX because of the decrease in demand and the reduction of crude oil prices, coupled with the increase in supply this year, prices are likely to fall and rise.

In December, the supply of PX in Asia was still abundant, and its profits could hardly rise sharply.

Due to the drag of PX, PTA has little room to go up.

Therefore, the current operating rate of PTA is likely to be adjusted. There are rumors in the industry that a number of PTA enterprises may also cut production.