Business community: the fundamentals have improved, and PTA may remain upward
According to the price monitoring of the business agency, the domestic PTA market remained volatile and upward in May. As of May 19, the domestic market was 6788 yuan / ton, up 5.62% from the beginning of the month and 46.07% year-on-year. Business analysts believe that the current PTA cost is well supported, superimposed on their own supply contraction expectations, PTA may remain upward. However, it is difficult for terminal demand to recover significantly in the short term and orders to grow comprehensively. Therefore, the slow recovery of demand will drag down the upward space of PTA.
This text is a result of machine translation.
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