PTA: following the decline of oil price, the intra day basis weakened to - 65 to - 70 yuan / ton. The dual control has a more direct impact on the commencement of TA unit, and the load of polyester plant has begun to decline further recently. The main reason is that at present, in addition to Jiangsu Province, Zhejiang, Henan, Hubei, Fujian, Guangdong, Liaoning and other places have issued power restriction policies, which have a more direct and extensive impact on Ta load. Therefore, the supply is expected to follow-up low, bargain hunting and 11-01 regular operation. However, Ta trend may continue to be weaker than eg, and focus on long eg short TA arbitrage position. Pay attention to position control during the festival.