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The focus of the East China PTA market is declining.
As of the deadline, the focus of the East China PTA market has shifted downward, with negotiations around 6780. This week and next week, main port delivery offers are at a discount of 45-50 on 05, and April main port delivery offers are at a discount of 20 on 05, with few offers submitted. Overnight oil prices dropped sharply, leading to a retreat in costs and a decline in the morning spot price center. Market participants are cautious, and the spot basis remains relatively stable. (Longzhong Information)