Shun Securities report points out that since the beginning of PTA at home and abroad showed a rapid rise in the price situation, help to improve the investment income. PTA prices from the beginning of the disk 10,000 yuan / ton has risen to 11,700 yuan / ton, up 17%; external disk PTA price from $ 1,200 / ton rose to $ 1,480 / ton, count charges on imports, import prices and domestic ton PTA basically the same price, PTA industry tons of interest has reached 2000 yuan. BP Zhuhai Chemical Company holds 15% stake in BP Zhuhai Chemical Industry in China and the world's largest PTA production base, the current PTA production capacity of 150 million tons, a quarter in 2012 to 170 million tons production capacity expansion, much of plans to further expand to 295 tons capacity. PTA prices and quick profits up, will help enhance the company's return on investment from BP Zhuhai.
analysts expected in 2010, the bull market began in the current round of PTA continue until at least 2011. PTA production capacity in China has experienced rapid growth in the last round after the PTA over the past few years significantly reduced investment; second half of 2009, PTA level of industry profits bottom out, the new investment boom would come again, but more time in the production of new projects around the end of 2011 to 2012, at least in 2011, Yi Sheng in the petrochemical, Sanfangxiang not put into operation several projects before the first half of the PTA market, very little new capacity. PTA is the downstream polyester industry, the 2010 fourth quarter and first half of 2011 production capacity of polyester industry is the peak, due to launch more new devices over the same period while the polyester PTA few new devices, will supply the most current round of PTA tense phase, PTA prices will remain strong up pattern; second half of 2011 to start running with the PTA production capacity, tight supply situation will be eased.
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