短期内市场刚需平稳 预计PTA期货行情窄幅上涨

Core Viewpoint - The domestic futures market for energy and chemicals shows mixed performance, with PTA futures experiencing a slight upward trend, closing at 4518.00 yuan/ton, up 0.27% [1] Supply Side - Yisheng Ningbo has reduced its production by 2.2 million tons, while some facilities are resuming operations, resulting in PTA operating rates at 78.8% [1] - A planned maintenance of 1 million tons by Nengtou has been postponed from October to early November [1] Demand Side - According to Hualian Futures, polyester operating rates remain stable, and the weaving industry's operating rate is unchanged [1] - Traditional peak season demand is supporting the market, with primary replenishment needs, while the sales performance of polyester filament factories is average [1] Inventory - This week, PTA factory inventory has slightly decreased, with factory inventory at 4.07 days, down 0.01 days from last week and down 0.63 days from the same period last year [1] Market Outlook - Jianxin Futures indicates that the crude oil market maintains an upward trend, providing cost support for PTA, while downstream polyester operations remain stable, leading to expectations of a narrow increase in PTA prices in the short term [1]