PTA 与化纤：行情波动，产销清淡

Core Viewpoint - The report highlights a significant decline in various petrochemical prices, including crude oil, naphtha, and PTA, indicating a bearish trend in the market [1] Price Movements - On May 15, New York crude oil futures fell by $1.53 to $61.62 per barrel, while Brent crude oil futures dropped by $1.56 to $64.53 per barrel [1] - Naphtha prices decreased by $18 to $572 per ton CFR Japan [1] - Asian MX prices fell by $22 to $709 per ton FOB Korea [1] - Asian PX prices declined by $17 to $832 per ton FOB Korea and $853 per ton CFR China [1] - Ethylene prices in Northeast Asia remained stable at $780 per ton, while Southeast Asia was at $870 per ton CFR [1] PTA Market Analysis - PTA futures experienced fluctuations with a weak spot market atmosphere, and the spot basis remained weak [1] - The main port price for May was reported between 09+215220, with bids at 09+200, and the negotiation range around 49905040 [1] - In the afternoon, PTA futures showed a range of fluctuations, with the main port trading around 09+190~200 [1] - Yisheng Petrochemical reduced PTA prices by $3 to $641 per ton [1] MEG and Polyester Market - MEG's domestic market showed narrow adjustments in the morning but weakened in the afternoon, with a declining basis [1] - The polyester market in Jiangsu reported overall weak sales, with average sales estimated at 20-30% by 3:30 PM [1] - Direct-spun polyester sales were also weak, averaging 30% by 3:00 PM [1] - Mainstream transactions for semi-dull and bright polyester chips were around 6000-6050 [1] - A major polyester manufacturer in Jiangsu began reducing production, affecting 800 tons per day of polyester chip output [1]