In China, prices for feedstocks of polyester are bearish in general.

In the purified terephthalic acid (PTA) market, there are expectations that supply might be in surplus since crude prices softened and it was reported that derivative facilities would enter maintenance going forward. As a result, market sentiments are weak.

In the market for ethylene glycol (EG), EG makers in the country have decreased operation rates since demand is dull. But as inventories at ports are still high, supply is perceived to be ample.

For paraxylene (PX), buying interest is strong since operation rates of derivative facilities are high. However, Zhejiang Petrochemical's 2.50 mil mt/year PX facility is scheduled to restart soon and supply is expected to increase. For this reason, perceptions of tight supply/demand might ease.

To foresee the market situation going forward, players were paying attention to changes in crude prices and US tariff policies. In the PTA market, selling pressure is expected to recede as a major PTA maker is planning to conduct regular maintenance. In the EG market, sentiments are seen to be weak for the time being since crude prices are expected to be bearish while consumption of inventories at ports is slow.