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East China PTA market price center remains firm
The price center of the East China PTA market remains firm, with negotiations around 6,750 yuan.
This week, the main port delivery offers are at a 145 yuan premium in September, with no actual deals reported, and the main port delivery offers in mid-May are at a 5 yuan premium, with few offers.
Tensions in the Middle East keep oil prices firm, and the spot market prices are trending higher, with little change in spot basis differentials, and the overall market sentiment is cautious.
(Unit: yuan/ton) (Longzhong Information)