PTA market rushed up this week with weekly average price up to 4,778yuan/mt, an increase of 4% week on week. PTA price rise was mainly driven by strong PX market. PX-naphtha spread reached as high as $390/mt.
In April 2022, the Ningbo Containerized Freight Index, NCFI of the Maritime Silk Road Index (www.msri.cn) released by Ningbo Shipping Exchange (www.nbse.net.cn) averaged 3427.6 points, down 6.8% from the previous month and up 46.2%
Besides from the shutdowns and restarts above, there’s also market news saying that a PX producer in South China plans to shut its lines with combined PX capacity of 1.6 million mt/yr in Jun
