PTA: Steady losses across every trade route
PTA has fallen in every tracked region across the five-week window. On May **, CFR China stood at $*.*** per kg, CFR Southeast Asia at $*.***, CIF India at $*.***, Domestic China at $*.***, and FOB Korea at $*.***. A brief uptick followed between May ** and June * with CFR China touching $*.*** and Domestic China rising to $*.***, before the market reversed decisively. By June **, CFR China had fallen to $*.***, and the decline continued through June ** to $*.***, before easing further to $*.*** by June **.
The pattern repeated across all other routes. CFR Southeast Asia closed the period at $*.***, CIF India at $*.***, Domestic China at $*.***, and FOB Korea at $*.***. The cumulative five-week change from May ** to June ** came to minus * per cent on CFR China, minus * per cent on CFR Southeast Asia, minus * per cent on CIF India, minus * per cent on Domestic China, and minus * per cent on FOB Korea, while the broader week-on-week movement across the same window ranged between minus * per cent and minus * per cent across all five benchmarks confirming a market that has been losing value steadily rather than through any single sharp shock.
