East China PTA Market Focus Drops Significantly

As of the deadline, the focus of the East China PTA market has significantly declined, with negotiations around 6,700. This week and next week, the main port delivery offers are at a discount of 70 on 05, and the bids are at a discount of 90 on 05. April main port delivery offers are at a discount of 30 on 05, and bids are at a discount of 55 on 05. External uncertainties are relatively high, and market sentiment is generally pessimistic. Downstream buyers are mostly on the sidelines, and spot basis remains relatively stable. (Unit: yuan/ton) (Longzhong Information)

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