PTA price in China expected to increase in coming months: TexPro

Price of Purified Terephthalic Acid (PTA) in the Chinese market is expected to grow in the coming months of 2021. It is likely to shoot up by 12.62 per cent to 5,285.17 yuan per mt in December 2021 from 4,693.08 yuan per mt in June 2021, following the rising international demand. The demand of crude oil has also been increasing since January 2021.