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East China PTA market remains relatively strong and consolidating
East China PTA market remains relatively strong, with negotiations around 6920 as a reference. Next week, the main port delivery offers are at a 70 discount to 05; at the end of April, main port delivery offers were at a 50 discount to 05, with few offers submitted. Raw material prices remain firm, with cost support keeping the morning spot price center solid and strong; market participants are cautious, and the spot basis remains roughly stable. (Longzhong Information)