According to the price monitoring of the business agency, the domestic PTA market rose significantly. As of May 12, the average market price of domestic PTA in East China was 6636 yuan / ton, up 2.85% from the previous trading day and 36.81% year-on-year. PTA futures 2209 closed at 6580, up 320, or 5.11%.

Crude oil continued the pattern of high-level oscillation, and PX was affected by the reduction of supply, which strengthened the support for PTA cost. In terms of its own supply, PTA has been in a state of balance between supply and demand since it went to the warehouse sharply in March. At present, the maintenance burden of enterprises is reduced too much, and the start-up is lower than 75%. Driven by the rise of raw materials, the price of downstream polyester plants increased by 100-200 yuan / ton. However, at present, the overall terminal orders are not high, only sporadic orders, and the recovery of demand is limited.

Business analysts believe that short-term PTA is still dominated by cost, and the price will still be strong.