Sinopec Economics: Geopolitical Conflicts Escalate, PTA Market Rises

2026-04-11 18:56:36

Thursday morning PTA market reference negotiation range is 6,940-7,020 yuan/ton, an increase of 174 yuan/ton compared to the previous trading day. Geopolitical conflicts escalate, crude oil prices rise, concerns over crude oil supply shortages lead Asian petrochemical companies to continue reducing production, and cost-driven market trends reappear. Currently, crude oil still has the potential to surge, and downstream buyers may passively follow the increase, with short-term PTA market prices expected to rise. (Zhuochuang Information)

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