U.S.A Of PTA (PTA) formula driven October contract price rose 3.15 cents / pound compared to September, to 48.16 cents / pound (1062 US dollars / ton), a PET (polyethylene terephthalate) production company said.

The US PTA contract price and para xylene price formula are Industry A secret is the most changeable. The production of a pound of TPA requires 0.67 pounds of para xylene. When the contract price of the United States parylene increases by 4.75 cents / pound, the contract price of PTA will increase by about 67% of the contract price increase of para xylene.

PET manufacturers believe that the price of para xylene and PTA will increase again in November. Some companies have announced that they will increase 5 cents / pound, and other companies will announce an increase of 6 cents / pound.

Supplement:

Downstream polyester prices have risen sharply, opening up the PTA upside space.

1. cotton rose faster, polyester and short prices rose, PTA demand climate improved.

In the downstream products of PTA, the polyester staple fiber blended with cotton is most closely related to cotton. From the historical trend, the price trend of the two products has strong consistency. However, since April this year, the price of polyester and cotton has obviously not kept pace with the rise of cotton prices. The price ratio of cotton and polyester has been expanding continuously. Until the middle and late 8 months, polyester plant prices were rising steadily. After entering the September, cotton continued to increase rapidly. In this case, the short and short term gains began to expand. Especially during the mid autumn holidays, polyester and short appeared more than 1000 yuan / ton.

The rising price of polyester products on the one hand is related to the supply and demand of polyester products themselves. Judging from this year's situation, the growth rate of downstream weaving machines is much larger than that of polyester production, and the supply side of polyester products is tight. In summer, the power cuts and production of polyester factories in Jiangsu and Zhejiang provinces have intensified the short-term supply shortage. On the other hand, the acceleration of cotton has further boosted the popularity of the market and pushed up the price of polyester and short. That is to say, the supply and demand sides of polyester products have laid the foundation for price rise themselves, while the crazy rise of cotton has played a supporting role. The recent increase in polyester and short prices is larger than that in filament yarn, and for the first time in more than two years, it has surpassed the price of filament yarn. Judging from the current situation, cotton will continue to rise, and later cotton fiber transmission and linkage effect will become increasingly evident.

2. after the festival, the influence of downstream power restriction will weaken, and the PTA demand will be released in the later stage.

Since July and August, in order to achieve energy conservation and emission reduction, the Zhejiang provincial government has begun to implement the policy of sluice restriction on polyester manufacturers. The policy is expected to continue to the end of the year, and some regions will weaken after October. Therefore, in October, along with the weakening of the polyester power restriction policy, there will be a concentrated release of short-term demand, thus supporting PTA demand.