According to the price monitoring of business agency, the domestic PTA market maintained a slight rise on April 28, with the average market price of 6252 yuan / ton, up 0.23% from the previous day and 31.37% year-on-year. PTA futures 2209 closed at 6154, up 44, or 0.72%.

Recently, domestic PTA plant restart and maintenance coexisted. Fuhai Chuang 4.5 million tons reduced the load to 50% in early April and began to increase the load on April 26. The 1.2 million ton PTA unit of Zhongtai Petrochemical was overhauled on March 25 and restarted around April 29. 1.2 million tons of hailun Petrochemical stopped on April 26, and the restart time is to be determined. One million tons of chuanneng chemical stopped on April 13 and is planned to restart around mid May. On the whole, the supply is still shrinking, and the operating load of corresponding PTA enterprises is still maintained at a low level. At present, the operating rate of PTA industry is 73%.

On April 27, the price of international crude oil futures rose slightly. The settlement price of the main contract of WTI crude oil futures in the United States was US $102.02/barrel, up US $0.32 or 0.31%; The settlement price of the main contract of Brent crude oil futures was US $105.32/barrel, up US $0.33 or 0.31%. The US Energy Information Administration (EIA) report released on Wednesday showed that the growth of US commercial crude oil inventories was less than expected. The market is still dominated by concerns about tight global oil supply in the future.

With the gradual easing of the problem of poor logistics and the gradual resumption of work and production, the comprehensive startup rate in Jiangsu and Zhejiang has increased to around 57%. It is expected that the process of logistics recovery and resumption of work and production will be accelerated in the future, resulting in a certain degree of destocking of polyester industry chain inventory from bottom to top, and the smooth flow of orders and good transfer will drive the destocking of finished products inventory.

Business analysts believe that there is still strong support for crude oil prices, and the demand side has improved; In addition, under the background that PTA supply side is still limited, social inventory will further decline. On the whole, the fundamentals have improved, and the price focus of PTA is expected to rise further.