PTA industry chain: crude oil-naphtha-PX-PTA-polyester-textile industry
This article summarizes the main Brent crude oil prices in the past ten years (2011.01.01-2020.12.31) The contract price and the price of the corresponding main PTA futures contract were analyzed and sorted one by one to obtain the possible PTA price range for different Brent crude oil in different price ranges. Based on this, it provides corresponding reference basis for the PTA futures market in 2021, which may be mainly cost-driven.
(The statistical interval of the above data is 2010.0101-2020.12.31, published The price range division of Lrent crude oil includes the left side and does not include the right side)
In summary, in view of the increasing excess of PTA fundamentals situation, how far the PTA futures price can go in 2021 depends to a certain extent on the upward shift in the center of gravity of crude oil prices. The low point of its cost-end support has more practical reference significance than the high point.
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