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China First Futures: Cost Support, PTA Futures Prices Fluctuate Strongly with a Slight Upward Bias
Crude oil and aromatic hydrocarbon prices have risen sharply, strengthening cost support. PTA operating rates have increased, and the industry maintains a stock accumulation pattern, which may limit the rebound potential of PTA futures prices. Watch for crude oil price trends, equipment maintenance intensity, and downstream production recovery progress. (First Capital Futures)