The current PTA plants under operation now have relatively strong competitiveness after the fierce competition in 2019-2021

The current PTA plants under operation now have relatively strong competitiveness after the fierce competition in 2019-2021. In the process of raw material rise, the PX inventory prepared earlier has a value-added premium. In addition, the large PTA producers with integrated units are relatively cautious about maintenance plans. Therefore, there is no new maintenance plan announced. However, if the PTA production is in a continuous loss for a long time, it does not rule out the possibility of PTA plant overhaul or output reduction