WTI
PX
PTA
MEG
Market trend:
Crude oil raises slightly, PTA rebounds by installation factors, which strongly support the cost of raw material in a short term. In terms of polyester, production and sales rebounded on weekends, so the factory inventory gradually decreases and the pressure of factory inventory is not large. Given all that, it is expected that the price would go up slightly for time being. The future market trend is mainly concern on peripheral macro, terminal demand and raw material price changes.