Market sentiments for PTA retreat in Asia

Bearish sentiments in downstream polyester sector have affected the market for PTA. Market sentiments in Asia for PTA shrank as buyers adopt a wait-and-watch policy, while offers continue to linger around US$915-920/mt CFR Asia. Transactions in the current market scenario continue to be inactive, as sellers offers for July shipment at US$920-925/mt CFR China levels, are being met with buying intentions of US$905-915/mt CFR levels.
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