Sinopec ZRCC is going to conduct maintenance on its 750kt/yr PX plant in end-Aug for 90 days

On supply front, Sinopec ZRCC is going to conduct maintenance on its 750kt/yr PX plant in end-Aug for 90 days, Fuhaichuang is preliminarily expected not to restart one 800kt/yr PX line until late Sep and the restart date of the other line is undecided. In addition, some plants running at reduced O/R is unlikely to raise production in the short term. Therefore, China domestic PX production in Sep is anticipated to be little changed from Aug, though Sinopec Shanghai and Zhongjin Petrochemical increases production