the PTA inventory did not see obvious accumulation in December

However, the PTA inventory did not see obvious accumulation in December, and the port inventory has been maintained at a low level. On the one hand, the operation of the new unit is not stable, and the output is relatively limited; Yisheng New Materials reduced the operating rate of its 7.2 million tons/year PTA units; Energy Investment shut the 1 million tons/year PTA unit unexpectedly. The operating rate of PTA plants dropped again to around 60%