Since the holiday, the focus of the PTA market has continued to shift upward. As of February 24, the spot market price of PTA was 4,515 yuan/ton, an increase of 546 yuan/ton from the average price of 3,969 yuan/ton in early February before the holiday, an increase of 13.76 yuan. %; compared with the post-holiday price of 4,155 yuan/ton on February 18, it increased by 360 yuan/ton, an increase of 8.66%. In addition to cost-side support and the increase in downstream demand, the main factors for PTA’s rise are also closely related to the improvement of PTA’s own fundamentals. With favorable support from many parties, the PTA market has been able to rise broadly.
Figure 1 2020-2021PTA market price trend chart
Strong support on the cost side
PTAfundamentalswillimprove
Table 1 PTA device maintenance plan
Downstream demand is stable Upgrade
Overall, crude oil is currently fluctuating at high levels, and the raw material PX The center of gravity is firm, the cost-end support is solid, and the supply of PTA will be reduced due to equipment maintenance, the downstream construction is rising, the end-use textile mentality is better, the demand outlook is good and other factors resonate, the PTA market outlook is expected to be strong in the short term Shock.
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