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Downstream buyers increased purchasing after oil price spiked during the National Day holiday, ending up with better-than-expected sales, while overall sales were moderate as downstream buyers still held cautious mindset. PFY companies only slightly raised price, indicating high inventory burden, an
Downstream buyers presented cautious mindset after sharp up-and-down of PTA futures, showing stronger risk aversion awareness when stocks of feedstock and finished goods were high. Currently, most downstream plants concentrated on digesting feedstock purchased before and tried to minimize feedstock
