ChemPriceHub Important Reminder: PTA spot price quotation increased on January 28.

On January 28, the mainstream CFR China PTA quotation in the international market remained at $673 per ton, an increase of $14 per ton compared to January 27. PriceSeek's analysis of PTA shows a bullish-bearish score of 1.5. The article indicates that on January 28, the mainstream CFR China PTA quotation in the international market was $673 per ton, up by $14 per ton from the previous day, representing an increase of approximately 2.08%. This suggests tightening supply and demand in the spot market, likely driven by stronger downstream demand or reduced supply, which is favorable for PTA spot prices. Combined with futures data, the PTA main contract, such as 2605, closed at 5,370 yuan per ton with a settlement price of 5,314 yuan per ton, showing a change of +10.00. The trading volume was 1,637,073 lots, and the open interest was 1,744,346 lots, an increase of 56,881 lots. This reflects strong bullish sentiment in the market, with active capital inflows supporting the upward trend in futures prices. Therefore, the rating is highly bullish, given the significant price increase and heightened activity in the futures market.