The epidemic hit again, Shaoxing, Ningbo and many other places started emergency response!

Shaoxing Yuecheng initiates Level I emergency response

On December 9, Shaoxing Yuecheng launched a Level I emergency response: In order to resolutely block the spread of the new crown pneumonia epidemic and effectively curb the spread and spread of the epidemic, in accordance with relevant national, provincial, and municipal epidemic prevention and control regulations, the district epidemic prevention and control work leader The team researched and decided that from 8:00 on December 9, 2021, the entire district will initiate a Class I emergency response.

Hangzhou releases measures to restrict public activities in some areas

　　 On the 9th, Hangzhou issued a notice on the implementation of restrictive measures for public activities in certain areas: the implementation areas are 8 urban areas, namely Shangcheng, Gongshu, West Lake, Binjiang, Xiaoshan, Yuhang, Linping, and Qiantang. Closed indoor closed public places such as chess and card rooms, bars, KTV, mahjong room, board game room, swimming pool and so on.

Upgraded control measures in Zhenhai District, Ningbo

At the same time, some logistics companies said, “After Zhenhai is sealed, the vehicles will not be allowed to leave, and the dock cabinets will not be delivered. The orders that were originally closed cannot be picked up and packed. Now they are waiting for notification.” The closed area is for local logistics. The impact is obvious.

　　Ningbo area involves a lot of polyester industry. The total production capacity of PX in Ningbo area is about 8.7 million tons, and Zhenhai area accounts for 7.63%. It is reported that the devices in this area are all operating normally, and shipments to Zhenhai area are blocked. PTA involves the total production capacity of Ningbo area of 9.4 million tons, of which Zhenjiang area accounts for 4.87%. The shipments of enterprises in Zhenhai area are slightly blocked. The factory has reduced load operation. Other enterprises in Ningbo area are operating normally. MEG Ningbo involves total production capacity of 1.15 million tons. Zhenhai area accounted for 5.53%, Zhenhai Petrochemical plant (terminal) was blocked, and Fude Energy's equipment was shut down for maintenance on December 3; the production capacity of the polyester plant around Ningbo was about 1.22 million tons, of which Zhenhai area accounted for 0% , So the device has not changed significantly from the previous period.

After analysis, the Ningbo epidemic happened suddenly, and the polyester industry chain market is full of wait-and-see sentiment. Due to some road transportation is blocked, some regions and terminals have stopped shipments, spot liquidity is tight, and the market mentality on the 7th is slightly panic. PTA and MEG futures are trading. Within a narrow range, the spot market rose simultaneously. On the 8th, PTA companies actively applied for the pass, and the polyester factory can use the itinerary code and the nucleic acid report within 48 hours to successfully pick up the goods when entering the factory. At the same time, the green channel is opened in Zhenhai area, but it still needs to declare in advance to provide testing data.

　　 Recently, the current PTA futures price rebounded slightly when crude oil stabilized and rebounded. The May futures contract received strong support at the front line of 4,300 yuan/ton. The author believes that in the context of the central bank’s announcement of a comprehensive RRR cut, economic growth and downstream consumption is expected to stabilize, the “policy bottom” has already emerged. At the same time, the current situation of large-scale upstream losses has established a “market bottom” for market prices. Under the common support of the "double bottom", the downside of PTA is very limited, but there may be considerable upside.

Beginning last week, the PTA plant has announced the maintenance plan one after another. The current December maintenance plan includes Fujian Baihong 2.5 million tons, Hengli Petrochemical 2.25 million tons, and Honggang Petrochemical 2.5 million tons and Yisheng Dahua 6 million tons have been shut down. , Involving a production capacity of more than 10 million tons.