PX inventory is expected to increase in the fourth quarter

Supply: Hengli Petrochemical has shut one 2.25 million mt/yr PX line in end-Sep for technological revamp lasting 3 weeks. Fujia Dahua has shut its 1.4 million mt/yr PX units for 45-day maintenance starting from Sep 26. Taiwan’s FCFC plans to shut its 950kt/yr PX plant in Oct for scheduled maintenance lasting 3 weeks. In addition, Japan’s ENEOS cut the operating rate of its 3.2 million mt/yr PX plants unexpectedly by 10%.