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PX supply and demand could be balanced or supply could increase slightly in China in May-Jun. Regardless of the volatility in feedstock, PX price may keep strong as some PTA plants have restocking requirements, while PX inventory in some plants is low and there’s uncertainty in PX production from so
On the demand side, Xinfengming’s other 1.1 million mt/yr PTA line is expected to start trial run in the end of Nov; Hengli Petrochemical’s 4# 2.5 million mt/yr PTA unit is scheduled to begin trial operation in the end of Dec; and Xinjiang Zhongtai’s 1.2 million mt/yr PTA unit is likely to start tri
