According to the price monitoring of business agency, the domestic PTA market rebounded slightly. As of April 19, the average market price of domestic PTA in East China was 6288 yuan / ton, up 0.63% from the previous trading day and 36.87% year-on-year. PTA futures 2209 closed at 6218, up 10, or 0.16%.

International crude oil futures prices maintained a rising trend, and PTA cost support strengthened. On April 18, the settlement price of the main contract of WTI crude oil futures in the United States was US $108.21/barrel, up US $1.26 or 1.18%; The settlement price of the main contract of Brent crude oil futures was US $113.16/barrel, up US $1.46 or 1.31%. When the Russian Ukrainian crisis tightened the expectation of crude oil supply in the future, the news of Libyan production interruption made the market worse, and the oil price was significantly supported.

In terms of maintenance and spot supply, the current PTA industry continues to reduce by 67%.

The downstream polyester market followed the rise of raw materials, and some mainstream factories in Jiangsu and Zhejiang rose steadily. However, due to the impact of the epidemic, the weaving load of textile terminals fell sharply, and the operating load of polyester continued to drop to around 77%, so the demand for PTA fell.

Business analysts believe that the crude oil price has formed a positive support for the cost side of PTA, but the downstream polyester’s demand for PTA has weakened, and PTA is in a stalemate between cost support and declining demand. It is expected that the short-term PTA cost will still maintain strong adjustment.