Sinopec HRCC (Hainan Refining) plans

On supply front, Sinopec HRCC (Hainan Refining) plans to shut its 1 million mt/yr PX plant in end-Dec for maintenance till H1 May 2022, and shut its 660kt/yr PX plant in H2 Feb for 2-month maintenance. Meanwhile, Sinopec Fujian is poised to restart its PX plant in mid-Jan and expand the capacity by