the PTA spot market gradually transitioned from tight to loose in December

Inventory
Due to high profits, PTA supply has increased significantly and the inventory continued to rise (expected to be around 700,000 tons), a historical median level. However, due to the increase in polyester demand, from the perspective of inventory consumption ratio, inventory of 12-13 days is still in a neutral low level. From the perspective of market performance, the PTA spot market gradually transitioned from tight to loose in December.