PX plant operating rate is anticipated to increase obviously in China

Looking forward, with plant restarting, PX plant operating rate is anticipated to increase obviously in China, but may further edge down with plant maintenance outside China. The average operating rate of Asian PX plants is expected to rise gradually in May. With the expectation that the pandemic situation could get relieved, restrictions could get eased, logistics may recover, and some plants would restart after maintenance, PTA and polyester plant operating rates are also estimated to tick up in May. Both supply and demand for PX are expected to rise