On October 10, domestic commodity futures rose in a large area. The main contracts of low sulfur fuel oil and crude oil rose by more than 11%, fuel oil rose by more than 8%, and PTA rose by more than 6%. PTA spot market rose with each passing day. According to the price monitoring of the business community, the average market price in East China on that day was 6516 yuan/ton, 0.81% higher than the previous trading day, and 20% higher than the previous trading day.

During the National Day, the production reduction agreement was reached at the OPEC+conference, which boosted the continuous rise of international oil prices, and PTA showed an increase driven by costs. PTA’s own industry started stably at around 80%, and the overall demand order of the terminal factory improved partially, but the efficiency was still poor, and the overall supply and demand continued to be weak.

Business agency analysts believe that the short-term follow cost of PTA prices will remain volatile.