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This week, the PTA market is likely to continue its relatively strong trend.
This week, overall supply decreased. Downstream polyester sectors expect lower prices due to poor terminal orders. Pessimism spreads across the industry chain. However, with the tense Middle East situation and increased supply disruption risks, rising oil prices support costs. This week, the PTA market is likely to remain relatively strong, with spot negotiation prices in East China expected to be between 6,900 and 7,300. (Longzhong Information)