According to the price monitoring of business agency, the domestic PTA market fell slightly today (April 20), with the average market price of 6264 yuan / ton, down 0.39% from the previous trading day and up 34.98% year-on-year. PTA futures 2209 closed at 6180, down 40, or 0.64%.

On April 19, the price of international crude oil futures fell sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $102.97/barrel, down US $5.24 or 4.84%; The settlement price of the main contract of Brent crude oil futures was US $107.25/barrel, down US $5.91 or 5.22%. The International Monetary Fund (IMF) lowered its economic growth expectations and warned of rising inflation, which triggered demand concerns, while the higher dollar put pressure on oil price valuations.

In terms of PTA device, maintenance, restart and load reduction coexist. Today, Hengli Dalian 2.2 million ton unit was overhauled, and the restart time is to be determined. At present, the overall commencement rate of the industry is around 67%. Under the background of shrinking PTA supply and demand from April to may, it can still maintain the expectation of small stock removal.

The downstream polyester market was temporarily stable, and the offers of some mainstream factories in Jiangsu and Zhejiang were flat. Affected by the epidemic, the start-up of terminal textile enterprises is still under pressure, the weaving load has fallen sharply to about 51%, and the demand for PTA has fallen due to the start-up load of polyester being less than 80%.

Business analysts believe that crude oil fell slightly, weakening the cost support for PTA, and the downstream polyester demand for PTA continues to be weak, but the supply of PTA is expected to shrink, and the short-term PTA price is expected to maintain a strong adjustment.