PX-naphtha spread is compressed obviously, from $179/mt to $141/mt, particularly after Rongsheng Petrochemical announces on October 25 that the Ministry of Commerce has agreed Zhejiang Petroleum & Che

PX-naphtha spread is compressed obviously, from $179/mt to $141/mt, particularly after Rongsheng Petrochemical announces on October 25 that the Ministry of Commerce has agreed Zhejiang Petroleum & Chemical Co., Ltd., to import 12 million tons of crude oil in 2021 for its Phase II refining and chemical complex. ZPC will ramp up operating rate of its three crude distillation units (CDU) and PX plant operating rate may also increase later.