PTA market will be largely balanced in October,

Supply and demand: PTA market will be largely balanced in October, but the pressure of inventory accumulation will gradually increase in November and December.

Supply: Energy Investment’s 1 million tons/year and Sinopec Yangzi’s 600,000 tons/year PTA units will restart after the holiday; restart of Honggang’s 2.5 million tons/year PTA unit is to be determined; the restart of 2.5 million tons of Billion is postponed to mid-October; Hengli plans to maintain the No.3 and No.5 PTA units for maintenance in October.