According to the price monitoring of business agency, on September 29, the average price of domestic PTA spot market was 5083 yuan / ton, down 2.49% from the previous day. In the futures market, the main futures (2201) closed at 5108, down 122, or 2.33%.

PTA was in sufficient supply and slightly accumulated inventory, ending the trend of de inventory for 6 consecutive months. At present, many PTA units are planned to be overhauled, and Hengli Petrochemical announced that the contract supply in October is 60%. However, the downstream demand is weakened, the traditional demand for polyester and terminal weaving is not prosperous in the peak season, the loom production in Jiangsu and Zhejiang is reduced, and the operating load is reduced to less than 50%. Meanwhile, the international oil price fell slightly on the 28th, weakening the support for PTA cost.

Business analysts believe that the current crude oil is high and the cost support remains, but the PTA market has sufficient supply and insufficient demand. The overall market sentiment has cooled before the National Day holiday. It is expected that the short-term PTA market is weak and mainly sorted out.