According to the price monitoring of business agency, the domestic PTA market rebounded slightly. As of April 12, the average market price of domestic PTA in East China was 6221 yuan / ton, up 2.03% from the previous trading day and 42.02% year-on-year. PTA futures 2205 closed at 6128, up 172, or 2.89%.

In terms of PTA plant, chuanneng chemical has an annual output of 1 million tons. The PTA plant was shut down around April 7 and restarted on April 12. The PTA industry started around 72%, but PTA is still in the maintenance cycle.

Due to the impact of the epidemic, the terminal textile fermentation, the weaving operation rate fell sharply by less than 46%, the polyester production was passively reduced under the pressure of inventory, and the operation load decreased to around 84%, resulting in the reduction of PTA consumption.

Business analysts believe that today’s intraday crude oil is stronger and PTA circulation spot is less, supporting the strength of PTA prices. In the context of shrinking supply and demand, PTA is still expected to go to the warehouse in April, but under the background of further decline in polyester load, the extent of going to the warehouse has narrowed, and PTA is still closely following the operation of crude oil.