Downstream demand slowdown

PX profits also declined, as of April 14 the difference PX and MX fell to $ 283 / ton, compared with $ 648 in Japan after the earthquake / t spread has
fallen $ 365 / t, can be seen from the figure, the current PX began to spread with the MX or two quarters of 2010 
Value of $ 125 return, late return is still space. In addition, 4 South Korea in mid-S-OIL as the new plant put into operation, 100 million tons of Urumqi
Petrochemical new device, and CNOOC's Huizhou plant returned to normal levels in the short term increase PX supply, if in accordance with the
$ 1,600 / ton of PX prices to count, PTA costs have fallen into the 1 yuan / ton mark within the short-term cost of support is not obvious, expected in June,
before the commissioning of new capacity PTA PX prices will likely continue to lower oscillation.
    4-5 May 2011, PTA conducted a number of plant maintenance shutdown, the time in half a month, PTA started the whole 92% load drop in the short term,
ipad battery pack, iphone battery charger, Micro USB iphone charger
tight supply PTA spot market will form a good support.

    However, limited by the Jiangsu and Zhejiang provinces and the national macro-control electric pressure of enterprise funds, the current slowdown in the

downstream polyester demand, interest on the PTA has not released the procurement. At present, the polyester chips maintain shocks, inventory high, semi dull

Quoted in the mainstream of 13,250 yuan slice / ton. Production and marketing of polyester manufacturers under uneven, and the textile industry by the
suppression of low profits, resulting in lower shipments still take the amount of polyester-based manufacturers, the procurement demand in the doldrums,
Diduan manufacturers started under load is 
Raised to 7.8 percent. Inventory of downstream polyester industry pressure, the demand for PTA is limited to the inventory be some time before the end of the
second quarter when the end of PTA plant maintenance, will result in increased pressure on market supply PTA, PTA is not optimistic about the trend of late.
    Cotton prices continue to fall
    In addition to effects on the downstream market of the stock market, the cotton price movements also affect the PTA one of the important factors.

Starting from February, cotton, and PTA rally peaked and fell down the channel bottom of the time consistency, calculated by the author, since 2010