Sublime China Information (SZ:301299) Zheng Quan Shi Bao Wang·2025-08-28 02:59Core Viewpoint - The recent decline in PTA prices is attributed to decreasing costs and ample supply in the market, influenced by fluctuating crude oil prices [1] Group 1: Market Conditions - PTA prices have recently dropped due to a combination of lower costs and sufficient supply [1] - The fluctuation in crude oil prices has weakened the cost support for PTA [1] Group 2: Supply Dynamics - Despite some PTA facilities undergoing maintenance, the overall market supply remains stable and does not indicate a tight supply situation [1] - Three PTA plants with capacities of 2.25 million tons, 2.2 million tons, and 4.5 million tons are scheduled to restart in early September, which will mitigate the impact of current maintenance activities [1] Group 3: Future Outlook - The short-term outlook for PTA prices is expected to remain weak and volatile [1]