[comment] Gade chemical network chemical PTA price performance in the near future is quite tangled. The weak external environment, demand slow improvement, PTA lack of upward momentum, and large-scale production industry and closed device price fall, wandering for days PTA futures contract price in 4550 ~ 4700 yuan / ton. At present, the situation of PTA production to improve the market outlook, or start the load increase, the contradiction between supply and demand will once again highlight.

America crude oil market oversupply curtailed signs, the international crude oil closed up, Asian PX prices steady. In the current level of oil prices, Russia will maintain production unchanged, if oil prices fall further, Russian oil production will decline or. Goldman cut its crude oil prices are expected in the earlier this month, that oil prices will drop to $20 / barrel to clear existing situation of excess supply, Goldman commodity king again sound, believe that the next 15 years, oil prices will continue to slump. The recent crude oil or weak shocks.

The dynamic production loss of PTA enterprises has been reduced to less than 150 yuan / ton, since this year is the production status of the best situation. Although there is no substantive change, but relatively good production conditions or to pre maintenance device reboot. In addition, from the perspective of historical data, PTA plant load increase in October will be a high probability event. The domestic PTA operating rate remained at around 59%, PTA spot prices steady, the market sentiment is. The polyester market steady, polyester factory shipments.

In general, the upstream PX market is expected to lower the raw material, the callback constitutes a certain pressure on the price of PTA, without obvious effect on the downstream part of the season, PTA demand. In addition, PTA industry also faces the risk outlook started load increases, the price outlook or continue weakening.