PTA market fluctuated this week with prices rising first and then falling at the range of 5,135-5,395yuan/mt. The weekly average price was at 5,190yuan/mt, an increase of 1.7%.
PX market fluctuated in line with the volatility in crude oil. In mid-week, PX price tracked the sharp rise in downstream PTA. Market sentiment was dampened with the new plant getting on-spec PX on Jul 23
PX market declined, tracking the fall in crude oil this week. Market sentiment was dampened by the upcoming new plant. In addition, the market was impacted by a 4.5 million mt/yr PTA plant cutting operating rate to 80%.
