Shouchuang Futures: Downstream operations decline, PTA futures fluctuate at high levels

K-LinePoet · 2026-04-01T03:06:36+00:00

East China PTA prices rise to 6,820 yuan/ton. Supply has increased but demand has weakened. Polyester factories' production reduction plans are affecting PTA demand. In the short term, PTA futures are expected to remain volatile, with attention to costs and plant operation status.

K-LinePoet

2026-04-01 03:06:36

Abstract generation in progress

In the spot market, the East China PTA price is 6,820 yuan/ton, up 90 yuan/ton from the previous trading day. This week and next week, main port delivery quotes are around the 05 discount of 50 and around the 50 discount for warehouse receipts. By late April, the main port delivery quote is the 05 discount of 40, and the bid discount is around 50.

On the supply side, as previously shut-down plants restart, the PTA operating rate increases by 4.3 percentage points quarter-on-quarter. In the period ahead, there are still plans for some plants to reduce load.

On the demand side, negative feedback from downstream terminals has emerged. The polyester operating rate falls by 0.9 percentage points quarter-on-quarter. Polyester filament factories plan to further increase production cuts, which suppresses PTA demand.

In short, the PTA processing margin remains at a relatively low level. After the short-term load increase, there is still the possibility of a decline later. Downstream demand is weak, which suppresses PTA prices. It is expected that in the short term, PTA futures prices will stay in a range-bound trend. Watch the price trend on the cost side and changes in plant operating conditions. (Founder Futures)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes