On July 4, the only 550,000-ton/year PTA plant at Indian Petroleum (IOC) in Panipat was shut down for maintenance for 10 days due to the replacement of the catalyst. On the same day, the largest PTA producer in India, Prudential Industries, was suspended from production and maintenance of the 640,000 tonne/year PTA plant in Hazra. The original plan was to restart on July 7, but the current restart situation is unknown. In addition, the Japanese manufacturer Mitsubishi Chemical's 800,000-ton/year PTA plant in Haldia, India, was closed at the end of June due to low profitability, and it plans to restart on July 4. However, the device encountered a mechanical failure during the restart and was forced to close again. The news from the company shows that the device that was shut down due to mechanical failure is expected to be closed for at least one month. The three companies are the three major PTA producers in India, with a total capacity of 3.76 million tons/year, which accounts for half of India's total domestic production capacity. Last week, India’s three major PTA producers temporarily shut down a total of 2 million tons/year of production facilities, causing India’s PTA supply line, which is currently entering the peak season, to be in an emergency. Indian polyester manufacturers scrambled to import PTA, and PTA import prices have risen by 8% to 9% within a week. According to Indian polyester producers, July and August are the peak period for polyester demand. As the demand situation continues to improve, local PTA supply has tightened significantly last week. A major Indian PTA producer said that during the past week, the strong rising trend of crude oil futures and China PTA spot prices, as well as the rapid appreciation of the Indian rupee, have actually stimulated the market's buying desire. According to market sources, at present, most of the imported PTA prices in India are in the range of 1010 to 1020 U.S. dollars per ton (CFR), and a few offer prices have reached 1040 to 1050 U.S. dollars per ton (CFR). This is the first time that CFR India’s offer has reached 4 digits since May 27. China’s largest PTA producer stated: “We are discussing with Chinese buyers the possibility of China’s PTA exports to India.†But industry sources pointed out that it takes at least three weeks for cargoes to arrive from China and India. When the goods arrive, it is likely that India will stop production. The device has returned to normal operating levels. A regional trader pointed out that due to thin profits, many manufacturers have cut the PTA operating rate, and the current PTA spot available from Northeast Asia and Southeast Asia is very limited. At present, except for China and India, the average operating rate of PTA plants in Asia is between 80% and 85%. A PTA producer in South Korea stated that it is already very difficult to meet the existing contractual requirements and there is no surplus of goods for sale. This remark was echoed by two Chinese Taiwanese PTA producers and one Thai PTA producer. Fluid Seamless Steel Pipe,Carbon Welded Steel Pipe,Heavy Wall Seamless Pipe,Hot Finished Seamless Pipe Shandong Fengmai Metal Materials Co., Ltd. , https://www.gghlw.com