Group 1 - The core viewpoint indicates that PTA futures experienced a weekly decline of 3.22%, closing at 4744 yuan/ton, with a significant reduction in open interest by 255,398 contracts [1] - A temporary shutdown of a 1.5 million ton PTA facility in East China is expected to impact operations for approximately three days [2] - The average processing cost for PTA in China as of July 30, 2025, was 205.68 yuan/ton, reflecting a decrease of 15.36% week-on-week and a substantial drop of 50.61% year-on-year [3] Group 2 - Newhu Futures notes that the fundamentals have not changed significantly, with stable operations across upstream and downstream sectors, and signs of a rebound in terminal operations, while low valuations in the PTA segment present buying opportunities [4] - Guoxin Futures highlights that the current terminal is in the off-season, with downstream polyester reducing load, leading to a rebound in long filament inventory, and a short-term weakening of demand [4] - The market is expected to continue fluctuating within a range, with attention on oil price trends and recommendations to consider expanding processing fees at lower levels [4]
市场供需预期不佳 短期预计PTA期货延续区间震荡
Jin Tou Wang·2025-08-04 00:08