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广发期货：负反馈和复产压力之下，PTA预期估值持续承压_我的网站

A |     (ECNS) -- The retrospective of the Venezuelan artist Oswaldo Vigas opened at Guangdong Art Museum in Guangzhou on Saturday, featuring major artworks and archival documents spanning over seven decades of creation.    Titled Reality is What I Imagine, the retrospective was jointly curated by Venezuelan curator Gabriela Rangel and Chinese curator Jiang Jun. It brings together Vegas’ representative pieces and related historical materials.    Vegas was a Venezuelan painter, muralist and sculptor, widely recognized as one of the key figures in Latin-American modern art. He delved deep into Venezuela’s cultural heritage and engaged in local and international modern-art developments, blending European modernism with Latin America’s rich and diverse cultural legacies.    Wang Shaoqiang, director of Guangdong Art Museum, noted that Vegas neither blindly followed the universal narratives of European modernism nor clung to nostalgic localist fantasies. Instead, he forged a creative stance known as “amphibious modernity” between the two traditions.    Occupying two galleries in the new Guangdong Art Museum building, the show traces the stylistic evolution of Vegas across four chronological phases, offering a comprehensive overview of his lifelong artistic output.    (By Xu Wenda, Zhang Dongfang)                        。    下游聚酯在原料价格波动较大、原料缺乏、终端偏弱等原因下持续低负荷，并在利润压力之下进一步降负带来负反馈。短期检修重启有所推迟，且库存下降至低位，导致基差持续走强，但8月底原料PX和PTA负荷预期上升至高位，叠加需求端较往年同期仍偏弱，且对后期需求的恢复高度预期偏谨慎，9月后供需格局开始转弱。PTA现货加工费短期持续偏强，盘面加工费预期压缩，但今年供需格局改善，下方有一定支撑，因此压缩空间有限。

B | 整体看，目前PTA基本面维持近强远弱格...。

C |

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Published on:08:16:42