Haitong Futures: Supply contraction expectations drive PTA prices rebound

K-LinePoet · 2026-04-07T11:06:38+00:00

Although due to insufficient orders, terminal weaving continues to slightly reduce its workload, causing both filament and short fiber to be passively accumulated to relatively high levels, and polyester capacity utilization has slightly declined passively; however, as the U.S. president continues to threaten to bomb Iran's bridges and power plants, market expectations that the U.S.-Israel conflict with Iran will persist remain. Driven by the anticipation of raw material supply contraction, PX prices have rebounded rapidly. In the short term, spot supply is relatively sufficient, and it is recommended to pay attention to opportunities for futures-spot arbitrage; until the U.S.-Israel conflict with Iran is resolved, cautious participation is advised. (Haitong Futures)

K-LinePoet

2026-04-07 11:06:38

Although terminal weaving and knitting has continued to run at a slightly reduced load due to insufficient orders, long-staple yarn and short-fiber have remained passively building inventory to relatively high levels, and the polyester load has passively edged down; however, as the U.S. president continues to threaten to blow up Iran’s bridges and power plants, market expectations are that the U.S.-Iran conflict will still continue, and driven by expectations of a contraction in raw-material supply, PX prices have rebounded quickly. In the short term, spot supply is relatively sufficient, so it is recommended to watch for opportunities for long-and-short futures arbitrage operations; until the U.S.-Iran conflict with the U.S. and Iran has ended, it is mainly prudent to participate cautiously. (Haitong Futures)

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