PTA will continue to consolidate in the first half of the year.
in 2008, Zhengzhou purified terephthalic acid (PTA) futures market experienced a sharp rise and fall after rising. In the current global economic slowdown environment, it is expected that the PTA futures market in Zhengzhou will show a sluggish consolidation pattern in the first half of 2009. However, with the efforts of governments to vigorously stimulate the economy, the possibility of the overall improvement of the global economic environment cannot be ruled out in the second half of 2008. In this context, and the downstream textile polyester industry has entered the peak production and marketing season since September and October, therefore, with the effective cooperation of centralized demand expansion, Zhengzhou PTA is expected to rebound in the third and fourth quarters of 2009
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