On the supply side, a 3 million ton PTA device in East China was parked and overhauled in early October, and another 1.5 million ton in East China was parked and overhauled on October 6. PTA supply and demand weakened before the holiday and entered the inventory accumulation stage, but the absolute level of PTA social inventory and terminal inventory was still low. As geopolitical tension and crude oil rises, cost-side support is strong, and concerns about the chemical supply chain increase, which may cause PTA spot liquidity to remain tight. On the demand side, the negative feedback from pre-holiday terminals has been partially realized, and the market expects demand for Silver 10 after the holiday season. Overall, PTA suppliers reduced contract supply this month, spot circulation was manageable, and absolute inventory levels were low. Coupled with continuing rising costs, it is expected that short-term PTA futures will maintain a strong pattern. Follow the progress of the geographical situation, crude oil prices and terminal orders.

On the supply side, a 3 million ton PTA device in East China was parked and overhauled in early October, and another 1.5 million ton in East China was parked and overhauled on October 6. PTA supply and demand weakened before the holiday and entered the inventory accumulation stage, but the absolute level of PTA social inventory and terminal inventory was still low. As geopolitical tension and crude oil rises, cost-side support is strong, and concerns about the chemical supply chain increase, which may cause PTA spot liquidity to remain tight. On the demand side, the negative feedback from pre-holiday terminals has been partially fulfilled, and the market expects demand for Silver 10 after the holiday season. Overall, PTA suppliers reduced contract supply this month, spot circulation was manageable, and absolute inventory levels were low. Coupled with continuing rising costs, it is expected that short-term PTA futures will maintain a strong pattern. Follow the progress of the geographical situation, crude oil prices and terminal orders.