PTA：多空消息交织 行情先跌后涨

Core Viewpoint - The PTA market experienced fluctuations this week, initially declining due to inventory accumulation expectations, but later rebounding due to geopolitical issues and favorable interest rate cuts by the Federal Reserve, which supported the oil market and consequently PTA prices [1] Group 1: Market Dynamics - The PTA market first dropped and then rose, primarily influenced by expectations of increased inventory, which initially posed a bearish outlook [1] - Geopolitical tensions, particularly the U.S. seizing an oil tanker near a South American country's coast, contributed to a bullish sentiment in the market [1] - The Federal Reserve's anticipated interest rate cut led to an increase in oil prices, providing cost support for PTA [1] Group 2: Seasonal Trends - According to seasonal industry patterns, demand for PTA is expected to decline to a low point in January and February, leading to accelerated inventory accumulation, which is bearish for the PTA market [1] - Short-term focus will be on whether geopolitical issues escalate, with expectations of a slight increase in PTA prices in the near term [1]