Under The Influence Of High Profits, The Domestic And Foreign PX Market Is Very Hot.

In 2020, domestic and foreign demand for textiles decreased significantly due to public health incidents at home and abroad. In terms of PTA output, 1-3 months showed a decreasing trend in 2020. However, under the influence of high profits, the PX operating rate at home and abroad is freezing.

In 2020, domestic and foreign demand for textiles decreased significantly due to public health incidents at home and abroad. In terms of PTA output, 1-3 months showed a decreasing trend in 2020. The demand for PX has declined significantly, but PX has started to go on both sides at home and abroad. [ Image.png ]

In 2020, the trend of PX operating rate was compared with the trend of the same period. Although the operation rate was low in the 1-2 month, the main reason was that the new Zhejiang petrochemical plant put into operation and pulled down the overall operating rate, excluding the reduction in operating rate caused by plant failure in early April. The PX operating rate at other times was higher than that in previous years, and the overall domestic PX production increased significantly. The following is a comparison of the situation abroad. [ Image.png ]

In contrast, China and Asia's main PX countries have seen the trend of operating rate, and the domestic PX operation rate has increased significantly. However, the demand rate has been severely depressed, and the operating rate of foreign countries has decreased significantly.

Two thousand and twenty year PX abroad PX Device maintenance schedule

Country	company	address	capacity	repair time
Japan	JXTG Nippon Oil&Energy	Mizushima	Twenty-four	2-5 Month, overhaul 40-50 day
Japan	JXTG Nippon Oil&Energy	Chita	Forty	One The beginning of the month lasted until Seven Mid month
Japan	JXTG Nippon Oil&Energy	Kawasaki	Thirty-five	Two Beginning of the month Four Month end, overhaul Sixty day
Taiwan	FCFC 3#	Ma Liu	Eighty-seven	Reduce load; Four month Twenty Day overhaul for one month
Saudi Arabia	Petro Rabigh	Rabigh	One hundred and thirty-four	Two Mid month -4 End of the month
The Republic of Korea	GS Caltex 1#	Yeosu	Forty	Three month Eighteen Daily overhaul and overhaul Forty-five day
The Republic of Korea	SK Globle Chemical 2#	Ulsan	Forty	Two month Twenty-eight day -4 month Eleven day
The Republic of Korea	Hyundai Cosmo PC	Daeasn	Thirty-eight	Four month Eight Day down, Forty-five day
Singapore	ExxonMobil	jurong	Eighty	Three At the beginning of the month, overhaul Two Months

According to long Zhong information, the main reason for the decrease of domestic operating rate is the high degree of dependence on domestic PX imports. Most factories are equipped with PTA devices. In the later stage, the domestic PX import dependence is expected to decrease continuously as there are still new installations in the late stage.