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Crude oil price depends on supply and demand situation, and decides the costs of downstream products.The surge of crude oil mainly roots in the panic caused by expected excessive demand upon the supply suspension of Russian crude oil. Even the resumption of Iran’s crude oil export and the lift of t
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
