PTA fell after raised last week, the price did not change much. Disk fell to below 4600 yuan / ton, Hengli contract goods continue to reduce, spot basis slightly stronger 5-10 yuan / ton. In addition, Fuhai Chuang's 4.5 million ton PTA plant recently reduced its load to 70% or 80%, which is expected to remain until the end of May. Fundamentals: there is little pressure to accumulate in May, but from June to July, PTA will return to the accumulation pattern as a whole. Among them, the production of 3.3 million tons of Yisheng new material was postponed to July August, and the production of 2.5 million tons of new PX plant of Zhejiang Petrochemical was postponed to July. At the polyester end, the start-up of the plant was reduced to 90%. PTA spot price continued to discount, and the basis rose. Crude oil PX price down, polyester end load reduction, PTA upward pressure, empty single operation.