PTA market to decrease at first and then rebound in Q2——Wang Pei, Chief Director from Horizon Insights
Mr. Wang firstly analyzed macro economic outlook and stocks market in China, and later introduced economic situations in U.S. and E.U. At last, he concluded PTA market outlook.
In his opinions, monetary and credit policy would play an important role in macro economic adjustment. In 2015, macro economic environment might be steady-to-warm. In crude oil market, inventory cycle would be core element to affect crude oil prices. U.S.'s crude oil might experience de-stocking, which is expected to stimulate crude oil prices. At last, he analyzed that PTA balance had replaced crude oil to dominate the market again and the uncertainty in Q2 would turn to supply from demand. PTA inventory may be consumed in Q2, which would support PTA prices.