PTA plant operating rate to stay low in May – ChinaTexnet.com
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PTA plant operating rate to stay low in May

2022-05-10 07:30:48 CCFGroup

Polyester downstream mills have slashed the operating rate after the resurgence of COVID-19 cases in China since March. Polyester plants also cut the output due to higher inventory and expanded losses as well as a lack of raw materials due to prolonged large-scale lockdown.

 

With the full-scale efforts to combat the resurgence, the fabric mills in major textile bases in Zhejiang and Jiangsu are opening up gradually last week, by committing to follow stringent epidemic control measures as the government tries to stabilize industrial and supply chains, while maintaining the "zero-COVID" policy. 

 

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According to the turnaround plans, PTA plant operating rate in May is estimated at 70-75% in May. PTA margin kept at 400-600yuan/mt, which may continue to restrain the recovery of supply. 

 

Plant Capacity (kt/year) Operation
Zhongtai Chemical 1200 Shut on Mar 25-Apr 25
Hengli 2500 T/A from Apr 20
Sinopec Yangzi 600 2-month T/A from Mar 14 and plans to restart on May 15
Honggang 1500 T/A from Mar 15
Fuhaichuang 4500 O/R down to 50% from Apr and plans to lift to 90% in May
Energy Investment 1000 T/A from Apr 4 to mid-May
OPSC 750 Shut from Apr 7
Yisheng New Materials 1 3600 O/R down to 50% from Apr 23
Yisheng Dahua 3750 T/A plan from May 10
Yisheng Hainan 2000 T/A plan from late May
FCFC 1200 20-25 days of T/A from May 4

 

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