keep strong with some PTA plants entering to buy spot goods sometimes

With the recovery in PXN spread, PX supply shortage gets relieved. With the trading laycan rolling to Apr goods, tight supply and demand situation may further alleviated, which is also reflected in the backwardated structure. However, before the startup of new PX capacity from Shenghong and ZPC running at full swing, China PX supply and demand could be broadly balanced. PXN spread may keep strong with some PTA plants entering to buy spot goods sometimes