China PX plant average operating rate has been drifting lower since mid-Jun

China PX plant average operating rate has been drifting lower since mid-Jun, down nearly 10 percentage points from the high point in mid-Jun as of Jul 22. Meanwhile, Asian PX plant operating rate outside China has been increasing slowly since Jul.

Besides from unexpected shutdown of PX plant in China and plant restart outside China, the operating rates change differently also because of divergence of China domestic MX and Asian MX prices.