PX plant operating rate expected to increase

Though new PX plants are expected to delay to Nov and thus the impact on market is relieved slightly, several plants shut earlier are expected to increase production. Oman Aromatics is restarting its PX plant recently and it has impacted the market with active selling.

In a conclusion, PX market slipped rapidly, paring the gains earlier, as crude oil declined, downstream polyester market was weak while PX supply was expected to increase.