Early PTA was pulled up by the strong price of crude oil at the cost end, the price center of gravity continued to move up, the main contract rose to 6512 on September 15, hitting a new high point since the recent stage, and then the rising power was slightly insufficient, and fell back. However, during the National Day, the market mood has reversed, and international oil prices have fallen in a panic, so after losing the strong support of oil prices, where will PTA go now?

Crude oil plummeted, the market mentality was frustrated, PTA fundamentals no good boost, the price may hit a new low.

Recently, the collapse of external crude oil has suppressed the sentiment of the chemical plate. As far as PTA is concerned, its fundamentals have no positive boost, the demand side, although the downstream polyester operating rate remains high, but the current terminal weaving orders have been weakened, the terminal demand is poor, and the polyester operating rate is limited. PTA spot supply is currently loose and follow-up new production capacity will continue to be put in, PTA late supply is more expected, polyester end inventory pressure is larger, and filament losses are serious, operating rate is difficult to further improve, demand lags behind the supply "pace", is expected to increase PTA inventory pressure in October. At present, the PTA market has a high probability of continuing the depressed atmosphere, and the overall trend of the price is expected to be weak.

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