the export volume of Taiwan also showed a downward trend

In addition to mainland China, the export volume of Taiwan also showed a downward trend in the second half of the year. The cumulative export volume from January to November was 914,000 tons, a year-on-year decrease of around 4%. Due to the reduced demand, starting from the second half of the year, the maintenance time of some PTA units in the region was extended and some units lowered the operating rate. FCFC's 700,000-ton PTA plant has been shut down since early September, and may restart in next March; OPTC's 500,000-ton PTA plant has been shut down at the end of October, and may restart at the end of January; the operating rate of CAPCO's 700,000-ton PTA plant has dropped to 80%.