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As for PX, though the tight supply continues, trading in the market centers on Oct and Nov goods, and the supply and demand situation could change with upcoming new plants. Dongying Weilian is expected to start its Phase II PX plant in mid-Oct, Shenghong Refining also plans to to start its new 2 mil
China PX operating rate declined sharply as well recently, as Hengli Petrochemical and Fuhjia Dahua shut their plants for scheduled maintenance. However, as China relies on large amount of PX imports, and the shipments are arranged in advance, hence the unexpected shutdowns of PTA plants and extende
In addition, Chia polyester operating rate was low in Jan-Feb 2020, due to the epidemic outbreak. The industry chain was pressured by inventory build-up. PX inventory is rising continuously and sources said that storage tanks are now full.In March, Zhejiang Petrochemical is expected to keep stable o
