Therefore, the force majeure on Honggang’s PTA plant impacts PX market obviously. Looking forward, the end-use and polyester plant operations would continue to be affected by the dual controls. As for PTA, though the operating rate recover with plants restarting and processing margin increase, it wo
2019-11-28 09:05:13 CCFGroupPX-naphtha spread has been shrinking since this March. It narrowed to around $300/mt in Sep, and further to $275/mt in Oct. It hovered around $260-270/mt in the first half of Nov, however, the spread reduced drastically in recent days to $236/mt as of Nov 25 and further t