According to the price monitoring of business agency, the domestic PTA market rose slightly today (April 21), with the average market price of 6310 yuan / ton, up 0.75% from the previous trading day and 35.98% year-on-year. PTA futures 2209 closed at 6228, up 50, or 0.81%.

PTA spot circulation is not much, the industry started below 70%, and today’s intraday rebound in crude oil prices strengthened PTA cost support and boosted PTA market. However, due to negative factors such as low startup rate of loom in the terminal industrial chain and large logistics uncertainty, the operating load of polyester factory is low and the demand side is not prosperous, which is a drag on PTA.

Business analysts believe that in the future, the boosting effect of PTA device maintenance on the market will be weakened, and it is difficult for the demand side to rebound in real terms in the short term. At the same time, the crude oil shock adjustment is weak, the cost support is limited, and the PTA price is expected to decline slightly.