EG stands out in the polyester industry chain, with the 01 contract hitting a high of 5,400 points. However, energy-saving inspections in Jiangsu, such as Nantong, are affected by the dual controls, and water spraying and other equipment are parked for 20 days, plus the National Day holiday, which is further negative for the sales of polyester. Near the Mid-Autumn Festival and National Day, seasonally speaking, there are often expectations of price increases after the National Day. In the near future, downstream replenishment is expected to be appropriate. Terminal replenishment is expected to bring a phased rebound, but it will not change the general trend.
PTA: Basis is -65 yuan/ton, and monthly spread is weaker. In terms of market sentiment, the mood of the participants has improved slightly, and the industry has become more bullish. Everyone is optimistic about the traditional peak season expectations. The start of polyester production rebounded slightly to 87.7% (+1.1%). The terminal weaving, printing and dyeing orders were sluggish, and the start of operations remained low. With strong expectations and weak reality. Hold short position