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Under losses, the plants successively released maintenance plans, including PX, PTA, MEG, PSF and PFY. The operating rate of PSF is expected to drop to about 80% by late Mar from current 86%. Polyester yarn mills have not planned to suspend production with low inventory and sound profit. Now the sup
As of March 2022, total China PE production capacity is 28.495 million tons, of which Sinopec fully holds 8.5 million tons, accounting for 29.83%. Taking into account the joint venture part, Sinopec currently accounts for about 39.71%, and the overall influence is not small
