it is not strange to see spiking price if some speculative topics emerge

This Friday will be the deadline for the port declaration of June cargoes, not ruling out some PX traders to purchase on a need-to-basis. In addition, the launch of PX units is apparently delayed in China this year and the production rises slowly. Some PTA plants have low proportion of contractual PX this year and need to purchase spot goods periodically. PX suppliers enjoy more discursive power to market quotations this year. As supply is tight and the market fundamentals are sound, it is not strange to see spiking price if some speculative topics emerge