The cost of a product is of great concern for investors, and PX is no exception

The cost of a product is of great concern for investors, and PX is no exception. However, as PX is one of the products in the refineries and the refineries considers more about the overall material balance and comprehensive benefits which vary from plant to plant, there’s no such unified standard in calculating PX cost.

The profit of a product greatly affect the producers’intention in keeping plant operating rates. The chart below shows Asian PX plant operating rate and the profit (profit hereinafter refers to PX-naphtha spread).