供应端压力暂不大 PTA短期主要跟随成本波动

Group 1 - PTA futures main contract experienced a fluctuation upward, reaching a peak of 4548.00 yuan, closing at 4546.00 yuan with a rise of 1.97% [1] - Supply side remains under pressure due to maintenance of facilities post-holiday, while demand from polyester maintains a high operating rate, although terminal weaving operating rates are weak [2] - Overall, the supply-demand situation for PTA is acceptable, with a continued inventory reduction pattern [2] Group 2 - Ningzheng Futures suggests a transitional observation for PTA, noting a significant decline in downstream weaving and texturing operating rates by 54% and 72% respectively [3] - Expectations for polyester operating rates to decline after May, indicating a potential weakening in PTA supply-demand dynamics [3] - Guoxin Futures indicates that PTA will primarily follow cost fluctuations, with seasonal declines in terminal weaving loads but high polyester operating rates still present [4] Group 3 - The market is experiencing significant supply reduction due to multiple facility maintenance, leading to accelerated inventory depletion [4] - Trade war news is becoming less tense, with attention on future negotiation progress [4] - Recommendations include short-term low buying strategies based on cost fluctuations, particularly focusing on oil price trends [4]