【聚酯端需求预期偏弱，PTA价格随原油回落】金十期货特约光大期货点评：今日凌晨美API数据显示，截至4月11日当周，美国API原油库存增加240万桶，市场此前预期为减少168万桶，之前一周减少105.7万桶。累库状态令近期油价承压，周三原油带动一众工业品下跌，PTA回归此前弱势局面，日内跌幅近3%。基本面来看，下游聚酯产销延续偏弱，吴江一套20万吨聚酯装置计划于下周停车检修，装置配套生产半光涤纶长丝为主，预计检修一个月附近，目前聚酯长丝库存偏高，订单不佳，开工或存走弱预期。市场信心不足，且关税在中期仍有不确定性，对于上游PTA及乙二醇存在阶段性需求负反馈。供应方面，四月下旬台化兴业一套120万吨PTA装置有重启计划，逸盛大连一套375万吨PTA装置有重启预期。3-4月春检结束后，供应回归或带动后续PTA库存回升，若近日美伊谈判顺利且经济衰退预期在关税战背景下加深，拖拽油价下行，PTA或追随油价延续弱势局面。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.