下游聚酯补库产销放量 PTA期货盘面震荡偏强运行

Core Viewpoint - PTA futures experienced a rapid increase, reaching a peak of 4640.00 yuan, with a current price of 4636.00 yuan, reflecting a rise of 2.29% [1] Group 1: Market Analysis - Minmetals Futures suggests a wait-and-see approach for PTA in the short term due to a decrease in supply-side maintenance and a shift towards slight inventory accumulation, while downstream polyester fiber load is expected to remain high despite inventory pressures [2] - Guosen Futures indicates that PTA may follow raw material fluctuations in the short term, with stable terminal demand and high operating rates in downstream polyester, although new production lines may lead to inventory accumulation in the medium term [3] - Guangzhou Futures projects that the PTA2601 contract will operate within a range of 4400-4800 yuan, influenced by geopolitical factors and a rebound in oil prices, which provide cost support [4]