终端抢出口貌似表现一般 PTA期货震荡走低

Group 1 - The main PTA futures contract closed at 4700.00 CNY/ton, a slight decrease of 1.09% [1] - A 1.5 million ton PTA plant in East China has restarted operations after maintenance, while a 3 million ton PTA plant is currently undergoing maintenance, expected to last around 10 days [2] - As of yesterday, China's PTA operating rate was 75.7%, a week-on-week decrease of 1.4%, while the polyester operating rate was 91.8%, down 2.4% week-on-week [2] Group 2 - Current PTA factory inventory stands at 4.15 days, a decrease of 0.23 days from last week and 0.79 days from the same period last year [2] - Polyester factory PTA raw material inventory is at 8.65 days, down 0.3 days from last week but up 0.12 days year-on-year [2] - According to Guangzhou Futures, the PTA market is expected to face supply-demand realities due to maintenance and inventory reduction in May and June, with short-term price support from costs and inventory reduction [3] Group 3 - Nanhua Futures notes that while PTA maintenance and restart are occurring simultaneously, overall operating changes are minimal, with polyester load decreasing by 1.1% to 93.9% [3] - The market is characterized by strong realities and weak expectations, with significant inventory reduction but a slower pace compared to previous periods [3] - There are indications of potential production cuts in downstream polyester factories, leading to increased caution in the market [3]