This week’s PTA market rose mainly due to rumors of PTA maintenance and crude oil fluctuations. Rumors suggest that in March, one PTA unit each in Dalian and Huizhou may undergo maintenance, and a 2.2 million-ton PTA plant in East China was shut down for maintenance on the evening of February 10, boosting the market and driving up PTA prices. The weak reality of PTA inventory accumulation is competing with strong expectations for “Golden March and Silver April,” with market trading mainly driven by optimistic outlooks. If the units in Dalian and Huizhou each undergo maintenance in March, it will help reduce PTA inventory and reinforce positive expectations. Geopolitical issues support crude oil prices, and short-term PTA prices are expected to rise slightly. (Zhuochuang Information)
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Sinopec News: Maintenance Rumors Resurface, PTA Market Rises
This week’s PTA market rose mainly due to rumors of PTA maintenance and crude oil fluctuations. Rumors suggest that in March, one PTA unit each in Dalian and Huizhou may undergo maintenance, and a 2.2 million-ton PTA plant in East China was shut down for maintenance on the evening of February 10, boosting the market and driving up PTA prices. The weak reality of PTA inventory accumulation is competing with strong expectations for “Golden March and Silver April,” with market trading mainly driven by optimistic outlooks. If the units in Dalian and Huizhou each undergo maintenance in March, it will help reduce PTA inventory and reinforce positive expectations. Geopolitical issues support crude oil prices, and short-term PTA prices are expected to rise slightly. (Zhuochuang Information)