- Participants remain positive on downstream demand- China ports seeing lesser delays



Futures on purified terephthalic acids were
sharply down February 10, reflecting persistent downstream demand. At 3:00 PM Singapore (0700
GMT), May futures were closed at Yuan 5,460-5,520/mt. This is down from Yuan
5,620-5,700/mt close to the Zhengzhou Commodity Exchange the day before. Sources said that downstream demand remains low and there has
been no significant change in fortunes since the Lunar New Year holidays. A trader from north Asia stated that although we had
expected better downstream demand for the start of 2023, it did not
materialize. According to the trader,
industry remains optimistic that downstream demand will improve faster than
expected. It stated that downstream
operations rates would recover slowly and future demand would recover. Sources said that some Chinese ports are experiencing...