After the domestic epidemic is gradually brought under control in September, domestic demand is expected to gradually return. However, it will take time to transmit upwards to polyester and TA MEG, and it is expected that the weak pattern will continue this week. Among them, EG may continue to be stronger than TA. Continue to pay attention to the arbitrage strategy of long PF and short TA.
PTA: Fell sharply yesterday. The basis is flat, and the monthly gap continues to weaken. On the supply side, the start of Yisheng New Material 1# device gradually stabilized, and the start of the device slightly increased to 79%. However, the start of polyester production is still low, and there will be joint maintenance by manufacturers next week. The production and sales of polyester filaments continued to be weak, with a lower 20%. The terminal bears down on the market outlook, and it is difficult for polyester plants to have stockpile demand, and PTA will continue to be weak.