Recently, PTA futures increased sharply upward, breaking the previous oscillation high point, as of the close of the 7th PTA main contract rose significantly 128 yuan/ton to 5808 yuan/ton, an increase of 2.25%, creating a new high since nearly 2 months. It is understood that the 93.3% high polyester load announced last Thursday has boosted market confidence, but such a strong one-day rise exceeds industry expectations.

From last Friday to the weekend, supported by the soaring cost of polyester, polyester chip production and sales were significantly increased, especially on Friday, the average spot production and sales of the factory reached 125%, plus some factory shipments over the weekend are still better, making polyester chip factory inventory overall showing a downward trend.