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ShouChuang Futures: Cost support boosts, PTA futures once hit the daily limit up
With PTA operating up strongly, the industry remains in an overall inventory accumulation pattern. However, as crude oil and aromatics prices rise, the strong cost-side support has driven a sharp jump in PTA prices. Keep an eye on the crude oil price trend, the intensity of equipment maintenance, and the pace of recovery in downstream operations. (Shouchuang Futures)