PTA: STILL WEAK

PTA: PTA fell with crude oil yesterday. Short-term crude oil prices fluctuate sharply at high levels, causing substantial changes in the cost of PTA, thereby affecting the valuation of PTA. From a fundamental point of view, the momentum for the 9-1 spread to continue to rise after it has strengthened to 150 has weakened. However, in the medium and long term, as the peak season for polyester consumption will gradually land, there will still be a strong market for polyester raw material PTA. The current decline is a sharp correction after the market has risen too fast.


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