ChemPriceHub Important Reminder: Increase in PTA Offshore Quotations Boosts Market Sentiment

On February 9, the CFR China PTA mainstream quotation in the international market remained at $656 per ton, up by $2 per ton compared to February 6. PriceSeek's analysis of PTA shows a long-short score of 1.5. The increase in the CFR China PTA quotation by $2 per ton to $656 per ton indicates stronger international market demand or cost support, which is favorable for spot prices. Combined with futures data, the main contract, such as 2605, closed up by 18 points to 5,192 yuan per ton, with open interest increasing by 9,901 lots, reflecting strong bullish sentiment and active trading in the market. It is expected that futures prices will continue their upward trend.