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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 |     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。整体看，目前PTA基本面维持近强远弱格...。         (ECNS) -- A short AI-generated video depicting a traditional Chinese fantasy palace has gone viral on overseas social media, drawing more than 5 million views in four days.    Created by Chen Aijun, an eyeglasses shop owner in Chengdu, Sichuan Province, the 30-second clip was reposted by Chinese Foreign Ministry spokesperson Mao Ning.        Without dialogue or subtitles, the video invites viewers to interpret the imagery freely.    Overseas audiences praised its visual style and discussed blending Chinese fantasy aesthetics with science fiction storytelling.         Chen, who taught himself AI tools two years ago, has produced more than 200 short videos.    He said AI lowers barriers to creation, allowing ordinary people to turn imagination into images.    Though he continues to run his shop, Chen plans longer fantasy stories incorporating Sichuan cultural motifs such as Sanxingdui and the Sun Bird.        （By Helen Mo, intern Liu Shuangjing）                    。

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