Core Viewpoint - The recent decline in PTA prices is primarily attributed to falling crude oil prices and an ample supply of PTA in the market [1] Group 1: Market Conditions - PTA prices have decreased due to a drop in crude oil prices and sufficient PTA spot supply [1] - The OPEC report indicates that oil supply will meet demand by 2026, contributing to the decline in crude prices [1] - Brent crude oil prices have reached a three-week low, further weakening cost support for PTA [1] Group 2: Supply and Production - There are no planned maintenance activities for PTA production facilities, leading to a stable supply [1] - The low processing fees for PTA have not translated into production cuts, indicating a lack of immediate response from producers [1] - Integrated refining enterprises are experiencing comprehensive profitability, which may prevent concentrated maintenance of PTA facilities despite theoretical losses in the PTA segment [1] Group 3: Price Forecast - The short-term forecast suggests a narrow decline in PTA prices [1]
PTA：成本下降 行情下跌
Sou Hu Cai Jing·2025-11-13 03:58