The Chinese Purified Terephthalic Acid (PTA) market experienced a downward price trend throughout November xxxx due to oversupply from early destocking and subdued demand from the downstream packaging industry. This downtrend has been followed since mid-October xxxx when the market witnessed a consistent slump.
The PTA prices in China have continued to showcase a downward trajectory to settle the prices at USD xxx/MT, PTA Ex-Qingdao with a monthly drop of xx during November xxxx. The PTA market has been dealing with increased supply from plant operations amid the completion of scheduled maintenance activities at various PTA plants in mid-to-late November led to a significant uptick in operating rates. As per the data, PTA load increased slightly by x.x percentage points to xx.xx. Moreover, Yisheng New Materials&#xx; x.x million tons PTA unit started operations on November xxnd, while Yizheng Chemical Fiber&#xx;s x.x million tons unit...
