In the upstream market, both PTA and MEG have regained some stabilization after the recent dip, though with the off-peak season taking place, sources said that PTA operators would depend heavily on the demand for clothes and garments in spring to support the prices.
As the local market in China recovers, it takes some of the pressure off the market. Chinese suppliers are in no mood to concede to additional discounts and might increase prices even, if the Dalian Commodity Exchange extends the gains