According to the price monitoring of the business agency, the domestic PTA market recovered slightly. As of March 30, the average market price of domestic PTA in East China was 6134 yuan / ton, up 0.27% from the previous trading day and 38.67% year-on-year. PTA futures 2205 closed at 6082, up 52, or 0.86%.

Yisheng Ningbo 2 million ton PTA plant was restarted on March 28, and the load was insufficient. The 1.2 million ton PTA unit of Zhongtai Petrochemical was overhauled on March 25 and restarted around April 11. Ineos 1.25 million ton PTA plant was overhauled on March 26 and is planned to restart around May 1. The unit restart and maintenance are carried out in parallel, and the current operating rate of the industry has increased to about 76%.

The downstream polyester plant plans to reduce production, and the demand for PTA is expected to weaken, but the crude oil price rebounded, recovering most of the decline of the previous day and night, and the cost support is enhanced.

Business analysts believe that the terminal demand is weak due to the epidemic, and PTA supply and demand are both weak. However, the current PTA price fluctuation is still deeply affected by oil prices. It is expected that the short-term market will fluctuate slightly and adjust the operation.