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荆州暴雨致雨水灌入公交车内

正信期货：PX紧缺+PTA无新增，聚酯链淡季炒预期_蜘蛛资讯网

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值已透支部分远期利好，追高需警惕负反馈风险　　当前PTA及PX的估值水平已部分计价了市场对2026年产能周期错配与供需改善的乐观预期。一方面，原油价格维持区间震荡，成本端未出现显著上行驱动；另一方面，PX受美国调油需求旺盛及韩国货源转向美洲影响，亚洲现货供应趋紧，推动PX价格强势上行，PX-石脑油价差已反弹至330美元/吨以上的高位。在此支撑下，PTA加工费虽自2025年下半年长期处于低位，但近期

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