The German PTA market has been experiencing a significant downward trend during September xxxx, following a price rise in August xxxx amid an upsurge in transportation issues due to port strikes. However, the price decline was attributed to a weakening demand from the downstream industries impacting both supply and demand.
A major contributor to the low PTA prices was the sluggish demand from downstream polyester producers, particularly in popular export destinations. This slowdown was likely due to the typical season lull in market activity. Not only the polyester market, but the market has faced muted demand from the downstream textile sector in Germany. This lack of buying enthusiasm further puts downward pressure on prices to settle at USD xxx/MT, PTA FD Hamburg, Germany with a monthly decline of x.xx on xxth September xxxx. While Europe is still grappling with transportation issues stemming from the Red...
