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Cost Support Enhanced, PTA Market Continued To Rise
According to the price monitoring of business agency, the average price of PTA spot market yesterday (July 21) was 5182 yuan / ton, which was 2.61% higher than the previous day and 46.75% higher than that of the previous day. PTA futures main 2109 closed 5190, up 204, up 4.09%.
Crude oil rebounded sharply, PTA cost support enhanced, and spot less, superimposed weather impact on port unloading expectations, PTA market is expected to continue to rise today.
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