On July 22, when the domestic futures market opened, the main contract of PTA futures rose strongly to 5330 yuan / ton, an increase of 5.00%.

In the spot market, according to the price monitoring of the business community, the average price of PTA spot market was 5361 yuan / ton, up 3.46% over the previous day and 51.83% over the same period last year.

From the perspective of supply and demand pattern, polyester demand under high temperature maintains off-season, and the operating rate is close to 90%. PTA plant maintenance remains high, and the recent typhoon weather in East China has affected its transportation, which aggravates the contradiction between supply and demand in some regions in the short term. At the same time, the oil price stabilized and rebounded, and the support at the support end increased, resulting in a sharp rise in the PTA market.

Business analysts believe that short-term PTA is expected to maintain shock upward, but still need to close the oil market dynamics and guard against the risk of price fall after typhoon weather speculation.