PTA rushed high and then dropped lower. The intraday basis is around -50. On the supply side, the operating rate this week is expected to decline from last week. Among them, the load of the 4.5 million tons of Fu Chemical Trading Co., Ltd. increased by 10%, the 650,000 tons of Yisheng Ningbo restarted, and the 2.2 million tons of Hengli Petrochemical is expected to shut down on June 1 for maintenance. In terms of polyester, the Xiaoshan plant continues to reduce its load, and it is expected that the overall polyester load will drop to 90%. The PTA processing fee is up to 600 yuan/ton. Shengze loom is expected to reduce production by 30% due to environmental regulation and control. The looms were purchased centrally last Friday, and the stocks were roughly ready for about one week. However, terminal orders are sluggish, limiting raw material prices upward space.