SunSirs: It is Expected that the Short-term PTA Market will Fluctuate and Go Down.
April 13 2023 13:53:38The latest price of PTA (4-12): 6230 RMB / ton, the market outlook is bearish
Key points of analysis: Under OPEC+'s unexpected production cuts, the center of gravity of crude oil prices has shifted upwards. At the same time, there are still many PX device maintenance in April, the supply side continues to be limited, and the cost side is still favorable. The operating rate of downstream polyester remains high, but the strong price of raw materials has led to a heavy loss in the profits of polyester products. At the same time, terminal orders have not improved significantly, the willingness to stock up raw materials is insufficient, and the demand side has shown a weakening pattern, which has dragged down the price of PTA.
Outlook forecast: In the game of strong cost and weak demand, it is expected that the short-term PTA market will fluctuate and go down.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2025-04-24 SunSirs: Boosted by the Rise in Crude Oil Prices, PTA Prices Have Slightly Rebounded
- 2025-04-15 SunSirs: Cost Support Collapsed, PTA Prices Significantly Weakened
- 2025-04-03 SunSirs: Summary of Operating rates in PTA-related Industries as of April 1
- 2025-04-03 SunSirs: The Market of Related Products in the Domestic Plasticizer Industry Chain Rebounded
- 2025-03-19 SunSirs: Cost Support Enhanced, and PTA Prices Slightly Rebounded
