On February 2, the mainstream CFR China PTA offer remained at $650/ton, down $16/ton from January 30. PriceSeek's analysis of PTA shows a long-short score of -1.5. The decline in the mainstream CFR China PTA offer to $650/ton on February 2, down $16/ton, indicates oversupply or weak demand in the international market, posing a significant bearish pressure on the spot price of PTA. Combined with the latest PTA futures market trends, the main contracts such as 2603 settled down 58 points to 5,116 yuan/ton, and the 2605 contract fell 58 points to 5,148 yuan/ton, reflecting pessimistic market expectations. Changes in open interest and trading volume data suggest increased bearish pressure, further weighing on futures prices. Considering both spot and futures performance, the score is -1.5, indicating a moderate to significant bearish level.