On the night of October 19, the futures of coal chemical related sectors generally fell, followed by PTA. Today (October 20), the current price of PTA fell slightly. The average price in the domestic spot market was 5390 yuan / ton, down 2.45% yuan / ton from the previous day, up 56.58% year-on-year. The main futures 2201 closed 5440 and settled 5410, down 90, down 1.63%.

PTA plant was gradually restarted with sufficient spot supply, and the overall operating load of domestic PTA plant increased to more than 77%. The 1.5 million ton unit of Jiaxing Petrochemical stopped on October 9 and restarted on October 20. The 2.5 million ton unit of Yisheng Dalian was overhauled on October 8, and it is planned to restart around October 22, which remains to be paid attention to.

Crude oil fluctuated at a high level, and the cost supported PTA. On October 19, the settlement price of the main contract of WTI crude oil futures in the United States was US $82.44/barrel, an increase of US $0.75 or 0.92%, and the settlement price of Brent crude oil futures was US $85.08/barrel, an increase of US $0.75 or 0.89%. Global supply is tight, and the growth of fuel demand in winter is expected to rise, which continues to be good for oil prices.

The PTA Market of raw materials is weak, the wait-and-see mood in the downstream polyester market is strong, and the quotation of mainstream factories in Jiangsu and Zhejiang is temporarily stable, including polyester POY yuan / ton of 8850-9100 yuan / ton. The “double 11″ e-commerce clothing orders and winter home textile orders recovered month on month, but they were still poor year-on-year, the terminal demand was weak, and the polyester operating load was stable around 79%.

Business analysts believe that although the cost side support remains, some large PTA devices are being restarted or planned to be restarted, the PTA supply pressure increases, the overall chemical futures presents a weak atmosphere, and the short-term PTA market will decline in a narrow range.