Sinopec News: Short-term PTA market expected to continue rising

K-LinePoet · 2026-03-12T03:54:52+00:00

Crude oil logistics disruptions, on one hand, support crude oil prices, and on the other hand, may lead to reduced production for Asian PX companies. The market is concerned that PTA companies may cut production due to insufficient PX supply, which benefits the PTA market in terms of both cost and supply. It takes approximately 20 days for Middle Eastern crude oil to reach mainland China. Attention is focused on the time for crude oil logistics to return to normal, and the short-term market trading logic suggests that petrochemical companies may reduce production. It is expected that the short-term PTA market will continue to rise.

K-LinePoet

2026-03-12 03:54:52

Crude oil logistics disruptions support crude oil prices on one hand, while potentially leading to reduced production at Asian PX companies on the other. Market concerns about PTA companies lowering their output due to insufficient PX supply are positive for PTA market in terms of costs and supply. It takes about 20 days for Middle Eastern crude oil to reach mainland China. Attention is on the timeline for the normalization of crude oil logistics. In the short term, market trading logic suggests petrochemical companies may cut production, and short-term PTA prices are expected to continue rising.

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