Shouchuang Futures: Oil prices plunge, PTA futures drop sharply

The PTA maintenance plan has increased supply tightening, but the geopolitical situation has eased somewhat, and crude oil and PX prices have dropped sharply. With cost-led dynamics, it is expected that in the short term PTA futures will mainly track fluctuations in crude oil prices. Keep an eye on the status of the US-Iran negotiations, the resumption of the Strait of Hormuz shipping route, and the resulting changes to plant start-up schedules. (First Capital Futures)

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