aztecmegaways| Hengli Petrochemical and Honggang Petrochemical restart expected restoration of PX production amid international oil price shocks

News summary

International oil prices are expected to continue to fluctuate next weekaztecmegaways, PX production is expected to decline, and PTA plant restart expectations increase.

Newsletter text

[International oil prices face turbulence] Looking forward to the coming week, international oil prices are expected to remain volatile due to the unsatisfactory demand outlook.

Recently, the PX device has suffered a failure, and there is news that production is expected to decline next week. However, with the expected restart of downstream PTA units, the supply and demand situation is expected to improve, and PX prices may rebound slightly.

At the same time, new developments have also emerged in the supply-side PTA market. Honggang Petrochemical 2 #and Hengli Petrochemical (600346) 1 #units are expected to be restarted next week, and some stopped units may continue to undergo maintenance, which will have a significant impact on PTA's weekly output.