East China PTA Market Continues Its Strong Momentum

As of the deadline, the East China PTA market continues its strong trend, with negotiations around 6990. This week, main port delivery offers are at a discount of 10 on 05, with bids at a discount of 20. April main port delivery offers are at parity on 05, with bids at a discount of 10 on 05. Oil prices remain strong, with early spot prices holding firm. Market participants are cautious, and spot basis remains relatively stable. (Unit: yuan/ton) (Longzhong Information)

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