On January 15, the mainstream CFR China PTA offer remained at USD 643 per ton, down by USD 12 per ton compared to the price on January 14. PriceSeek's analysis of PTA indicates a bearish score of -1. The article shows that the mainstream CFR China PTA offer decreased by USD 12 per ton to USD 643 per ton on January 15, suggesting increased supply or weak demand in the international market, exerting downward pressure on spot prices. Combined with PTA futures data, such as the closing price of the main contract 2603 at CNY 5,026 per ton (down by CNY 34 from the previous day), trading volume of 187,117 lots, and open interest of 224,006 lots (a slight increase of 2,659 lots), it indicates simultaneous pressure in the futures market, with a potential short-term continuation of the downward trend. Investors should monitor changes in supply and demand fundamentals and manage risks cautiously.
Comments
0