Fuhaichuang announced the pre-settlement price for January PTA contract at 5,300 yuan/ton. PriceSeek analyzed PTA, giving it a bullish rating of 1. The announcement that Fuhaichuang has set the pre-settlement price for January PTA at 5,300 yuan/ton is higher than the current market average, indicating that suppliers have strong confidence in the future market. This may boost the purchasing sentiment in the spot market and push up prices. Additionally, combining recent futures contract data, this price setting provides support for the futures market, strengthening the bullish expectations, which is beneficial for short-term performance. Polyester POY, bullish rating: 0.5. As PTA is the main raw material for polyester POY, its price increase will increase production costs, potentially transmitting slight support to the spot price of polyester POY. However, the downstream demand has not changed clearly, limiting its impact on the favorable degree. Polyester DTY, bullish rating: 0.5. PTA cost increases will form a positive pressure on the spot price of polyester DTY, possibly pushing companies to raise their quotes. However, uncertainty in market terminal demand suppresses the rise, making the overall benefit mild. Polyester FDY, bullish rating: 0.5. The high pre-settlement price of PTA will push up the production cost of polyester FDY, providing benefits for the upward movement in spot prices. But attention should be paid to the downstream textile industry demand; if demand is weak, the impact may neutralize, so the score is slightly favorable.
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