Gold Ten Futures July 2nd news, PTA maintained the range oscillation operation under the game of strong cost and weak supply and demand. Specifically, on the one hand, OPEC + production cuts and geopolitical factors support the operation of oil distribution above 80 US dollars, and the cost side has a strong bottom support role. On the other hand, PTA has the expectation of accumulating warehouses under the background of overcapacity, and the weak supply and demand presses the upward space. Downstream polyester negative reduction is limited, and the rigid demand for raw materials in the factory is still stable. Although PTA has the expectation of accumulating warehouses, in the low processing fee environment, the large factories have strong independent adjustment ability, and the PTA supply pressure is generally controllable. Pay attention to the unplanned maintenance of large factories. In addition, crude oil is relatively high, and the PX supply and demand expectations have improved, and the cost bottom support is strong. Short-term PTA maintains 5800-6100 rolling low.