PTA: WEAK TREND STILL

TA: TA has stabilized slightly this week, the basis has risen from flat to 10 yuan/ton, and the monthly difference is -50, showing that it is still a weak pattern to appear in TA. The overall PX naphtha link is very profitable, with a price difference of up to 270 US dollars/ton. Next, the profit of the raw material PX will decline to dominate the PTA market trend. The industry chain currently presents a negative feedback pattern, hold short position.

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