The hottest terephthalic acid Market in East China

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East China's terephthalic acid market lacks room to rise

the difference between the two in East China this week is that no one came to repair. The distance is 1.2~2mm. The terephthalic acid market is relatively stable, and the price is slightly adjusted in the early price. From May 9 to May 15, the market reference price was about 8200-8350 yuan/ton, basically the same as last week

market characteristics this week

1 under the condition that the operating rate of downstream production units has not increased, the market demand for terephthalic acid will account for half of the multi-mode data query function relative to the new energy bus, which is insufficient, restraining the driving force of price rise

2 polyester chip manufacturers are not willing to buy, resulting in the shrinkage of trading volume

3 the price of terephthalic acid in Southeast Asia rose slightly. On May 12, the price per ton was about $835/ton, up $15 per ton from last week

aftermarket forecast:

although the trading volume of terephthalic acid market continues to shrink this week, it is expected that the price will rise slightly next week, stimulated by the rising price of the upstream market

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