短期情绪冲击缓解 预计PTA延续成本端主导行情

Group 1 - The PTA futures market is experiencing a strong upward trend, with the main contract opening at 4372.00 CNY/ton and reaching a high of 4514.00 CNY, reflecting a 2.27% increase [1] - Supply expectations are tightening due to reduced domestic supply, while polyester production remains high, leading to a balanced supply-demand situation [1][2] - The rebound in PTA prices is attributed to a temporary easing of market sentiment and expectations of marginal supply-demand improvements, although demand remains highly uncertain [1][2] Group 2 - Recent supply increases from companies like Fujian Baihong and Yisheng Dahuazhong have been offset by upcoming maintenance, leading to a potential decrease in supply [2] - Polyester production has seen a slight increase, but weaving rates in the Jiangsu-Zhejiang region are declining, with textile orders affected by tariff issues [2] - PTA industry inventory continues to decrease, while downstream long filament inventory is rising, indicating a shift in inventory dynamics [2]