On the other hand, in the domestic PTA market, as of now, the annual average price of PTA has declined compared to 2022.

  In addition, with the rapid development of integrated projects, the future PTA production capacity is still showing an increasing trend. In 2024, it is expected that domestic PTA production will reach 12.2 million tons, and the growth rate of PTA production capacity may reach 15%. From the perspective of capacity deployment, PTA may face significant excess pressure.