8月市场有望实现去库 PTA价格重心或呈现窄幅上涨

Core Viewpoint - The PTA market is expected to shift from inventory accumulation to inventory reduction in August due to increased maintenance and a potential recovery in downstream demand during the traditional peak season [5]. Group 1: Market Performance - On the previous trading day, the PTA2509 main contract fell by 2.02%, with the current spot price in East China at 4750 CNY/ton and a basis rate of 0.13% [1]. - As of August 4, the main PTA futures contract closed at 4698.00 CNY/ton, down 1.34%, with a daily trading volume of 505,907 lots [2]. Group 2: Price Information - The price list for PTA on August 4 shows various brands and their market prices, with the highest being 5300 CNY/ton for Yisheng in Hubei Province and the lowest at 4720 CNY/ton for Hengli in Suzhou [2]. Group 3: Supply and Demand Dynamics - The average capacity utilization rate for PTA is 79.67%, a decrease of 1.09% from the previous week, with domestic PTA production at 1.4261 million tons, down by 18,900 tons from the previous week [4]. - As of August 1, the number of PTA futures warehouse receipts was 27,731, a decrease of 2,007 from the previous trading day [3]. Group 4: Future Outlook - Analysts predict that with more PTA facilities entering maintenance in August, the oversupply situation will ease, and if maintenance plans are realized along with a recovery in terminal demand, the PTA market may achieve inventory reduction and a slight price increase [5].