- Expected drop in operating rates for polyester plants- Polyester inventories stabil
but could see build





Sources said that Asian paraxylene prices
fell due to weak downstream purchasing activity, which weighed on demand cues. Asian paraxylene prices fell $8.66/mt to
$1,112.67/mt CFR unv1/China April 10. Sources said
that the weakening Chinese buying activity will continue to pressure the PX
market. Traders said that PX prices have risen in the
last few weeks due to tight supplies and weak downstream demand. Sources said
that polyester plants in China may consider lowering operating rates due to low
buying interest. A trader in Unv1 stated that "it is the way
to decrease polyester inventory." He was referring to lower operating
rates for polyester plants. Sources said that while polyester
inventories are stable, there is still a significant buildup to come. The trader...