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PTA plant operating rate remains low in the short term, and PX would still be oversupplied and the storage space for PX dwindles. However, some PX plants may cut run rates due to poor economics, and then PX-naphtha spread may get supported.
Dushan Energy of Xinfengming Group's first PTA line (1.1 million tons/year) of 2.2 million tons PTA project has on-spec product last night. The other line with capacity of 1.1 million tons/year is scheduled to start production in Nov.At 17:08 on October 30, with the chairman Zhuang Kuilong pressing
