PTA consolidates yesterday. Under the influence of contract reduction in June, the traders felt that the goods were strained, and the spot basis strengthened to a discount of 45-50 yuan / ton. The load reduction of PTA plant and the postponement of the commissioning of new plant also change the mentality of market participants. Fuhaichuang's 4.5 million ton PTA plant recently reduced its load to 70% or 80% and is expected to maintain it until the end of May. The accumulation pressure of fundamentals from May to June is not big. 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. Polyester plants reduce their load, PTA price can hardly rise too much, hold short position at 4950-5000 area .