PET Morning Update: Expected To Continue Downward
I. Points of Interest
1 The market is focused on OPEC+ continuing its production increase plan, coupled with still weak demand prospects, leading to a decline in international oil prices.
PTA operating load is 78.38%.
Core logic: Supply-demand standoff, cost-driven.
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Three Market Outlook
Oil prices have pulled back, and there is insufficient support from raw materials. Additionally, there are no signs of improvement in supply and demand, indicating a clear downward space in the polyester bottle chip market. Pay attention to macroeconomic news.
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