Supply and Demand - As of August 1, domestic and international PX operating rates have slightly increased, with domestic PX operating at 81.1% (+1.2%) and Asian PX at 73.4% (+0.5%) [2] - As of August 1, PTA operating rates have decreased to 72.6% (-7.3%) [3] Price Movement - On August 6, Asian PX prices rose by $5/ton to $844/ton, equivalent to a spot price of 6947 RMB/ton [1] - The market sentiment for PX trading improved slightly in the afternoon after a brief period of activity in the morning, with September prices expected to be around +11/+13 and October around +6/+8 [1] Market Outlook - The supply of PX is expected to increase due to the startup of some restructuring units and the restart of PX maintenance units; however, the demand for PTA is weakening due to increased maintenance and no significant improvement in terminal demand [4] - The overall market sentiment for domestic commodities has improved recently, providing some support to PX prices in the short term, despite expectations of a marginal weakening in supply and demand [4]
PX：商品氛围好转但成本端支撑有限 短期PX震荡对待
Jin Tou Wang·2025-08-07 02:04