Introduction: Affected by domestic and foreign public health events in 2020, both domestic and external demand for textiles have declined significantly. In terms of PTA production, there was a gradual decrease from January to March 2020. However, under the influence of high profits, the operating rate of PX at home and abroad is at a very high level.
Affected by public health events at home and abroad in 2020, both domestic and external demand for textiles have declined significantly. In terms of PTA production, there was a gradual decrease from January to March 2020. The demand for PX has dropped significantly, but in terms of PX construction start-up, the situation at home and abroad is both hot and cold.
Looking at the year-on-year trend of PX operating rate in 2020, although the operating rate in January-February is low, it is mainly due to the commissioning of new equipment of Zhejiang Petrochemical , lowering the overall operating rate. Except for the reduction in operating rate caused by device failure in early April, the PX operating rate in the rest of the time is at a higher position compared with previous years. With the production capacity base greatly increased, domestic PX production has also Significantly elevated. Let’s compare the situation abroad.
Comparing the trend of operating rates in China and major Asian PX countries, the domestic PX operating rate has increased significantly, while demand has been severely suppressed. Under the situation, the operating rate abroad has dropped significantly, and most countries have reduced loads and conducted early maintenance.
2020 PX Overseas PX Device Maintenance List
Longzhong Information believes that the domestic operating rate has increased, and foreign The main reason for the decrease in operating rate is that domestic dependence on PX imports is high, and most factories are equipped with PTA devices. As profits increase, production willingness increases. Looking at the later stage, as new domestic equipment will be put into production later, it is expected that domestic dependence on PX imports will continue to decrease. </p
