Today (August 23), most of the domestic futures chemical industry sectors rose, of which PTA rose 3.98% to 5588 yuan. PTA in the spot market rose, with the average market price of 6200 yuan / ton, up 2.24% over the previous trading day and 24.88% year-on-year.

In addition, the current PTA start-up load is not high, and it is still in the de inventory state. At the same time, the downstream textile industry is about to enter the traditional peak season, and the temperature will start to drop this week. It is expected that the power restriction policy will be relaxed, so the terminal demand is expected to improve month on month. With the comprehensive promotion, the PTA price today ushered in an obvious rebound.

Business analysts believe that from the perspective of cost and supply and demand, PTA prices in the future are still under pressure.

In terms of PTA unit, the 1 million ton unit of chuanneng chemical was shut down on the evening of August 16, and the restart time is to be determined. Yisheng new materials has a total of 6.6 million tons of operating load of 90%, Fuhai Chuang 4.5 million tons, Yadong Petrochemical 700000 tons of load of 80%, Yisheng Dalian 2.25 million tons of unit load of 60%, and the recovery time is to be determined. At present, the industrial load has increased slightly to more than 71%. With the start-up of PTA pre maintenance units, the supply will rise slowly.

Affected by the new progress of the Iranian nuclear agreement and the fear of future economic recession, the international crude oil futures price fluctuated and weakened. As of August 22, the settlement price of the main contract of WTI crude oil futures in the United States was US $90.36/barrel, and the settlement price of the main contract of Brent crude oil futures was US $96.48/barrel. It is expected that the drop in demand will still drive the oil price downward.

At present, the textile and clothing consumption is still in the off-season, and most of the large polyester factories maintain production reduction. The overall operating rate is around 77%, and it is difficult to significantly increase in the short term. Due to the impact of high temperature limit, the terminal weaving load is also kept at a low level, and the comprehensive starting rate of Jiangsu and Zhejiang looms is reduced to below 48%. Orders are still insufficient, and the stock of raw materials continues to be low. Therefore, in a comprehensive view, the situation of weak supply and demand still exists, and the impact of crude oil fluctuations still needs to be paid attention in the later stage.