According to the price monitoring of business agency, the domestic PTA market fell slightly. As of April 25, the average market price was 6129 yuan / ton, down 2.23% from the previous trading day and up 34.22% year-on-year. PTA futures 2209 closed at 5930, down 282, or 4.54%.

In terms of domestic PTA devices, the load of a 3.3 million ton PTA device of Yisheng new material decreased from 80% to about 50% on April 24, and the load of another 3.3 million ton PTA device increased from 80% to full load. The load of one 2 million ton and another 2.2 million ton PTA unit in Yisheng Ningbo has increased from 50% to about 80%. The 1 million ton unit of chuanneng chemical is planned to restart around the middle of May. At present, the operating load of the industry is 69.38%.

International crude oil futures prices closed lower, weakening the support for PTA costs. On April 22, the settlement price of the main contract of WTI crude oil futures in the United States was US $102.07/barrel, down US $1.72 or 1.7%; The settlement price of the main contract of Brent crude oil futures was US $106.15/barrel, down US $1.10 or 1.0%. The market is intertwined with long and short, the global economic recovery slows down, the Federal Reserve’s expectation of raising interest rates rises, and the domestic epidemic suppresses demand, and oil prices are under pressure. On the other hand, the EU is considering imposing an oil ban on Russia, tightening supply expectations and limiting the decline in oil prices.

The downstream polyester operating load is maintained at a low level of 77%, and the inventory is high, so it is difficult to make a substantial improvement at the PTA demand side for the time being. In the near future, the terminal demand was not followed up enough, and the on-demand purchase was continued, and the startup rate of Jiangsu and Zhejiang looms remained low at 54%. If the weaving factory continues to reduce production before May Day, the shipping pressure of polyester factory is still large. At the same time, logistics and other uncertain factors lead to the slow release of new orders or the cancellation of orders due to unsmooth delivery.

Business analysts believe that the crude oil fluctuates downward, the downstream polyester operating load is low and the production and sales are poor, the overall demand performance is poor, and the upstream and downstream bad news is superimposed. It is expected that the PTA market will still decline slightly.