PTA: Bull and bear news battle, short-term PTA market remains stable

This week’s PTA market initially declined and then rose, as the bullish effect of rising crude oil prices and the bearish effect of accumulating inventories in PTA competed. The commodity market experienced a broad decline this week, with concerns about a shift in Federal Reserve monetary policy. Additionally, PTA inventories accumulated, causing prices to retreat from high levels early in the week. However, geopolitical uncertainties remain, and crude oil prices have risen again, boosting PTA prices. In the later stage, geopolitical issues support crude oil prices, while downstream polyester operating rates continue to decline. The market is in a stalemate between cost support and decreasing demand, and short-term PTA prices are expected to remain stable. (Zhuochuang Information)