The Viewpoint Of Chemical Fiber Industry: Px-Pta Industry Chain Is Rising.
Last week, the two phase of the PMB project of Hengyi Petrochemical Brunei and the landing of the new production project of the new Feng Ming project were put into operation. The large-scale private refinery projects were ready to go into operation. Benefiting from the project's commissioning, the import substitution effect of domestic PX accelerated. The highly integrated industry chain made the cost side advantage of the enterprises obvious, and the demand for downstream clothing and other industries was rigid, and the long-term development of the PX-PTA industry chain was optimistic.
Risk factors: oil prices fell sharply, macroeconomic downturn, environmental policy weakened.
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