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Today, the East China PTA market remains stagnant and consolidating.
As of the deadline, the East China PTA market remains stagnant with negotiations around 5100. In late February, the main port delivery offers were at a discount of 55, while in mid-March, the main port delivery offers were at a discount of 40, with few bids submitted. The market lacks substantial driving forces, and the spot market remains steady with little change in basis, with overall sentiment subdued. (Longzhong Information)