- Increased production through reformation- Bullish Q2 sentiment for now



The operation rates of Asian paraxylene plants
will likely remain limited for a while. However, producers are likely to
increase reformate production in order to use it as a blending component during
the gasoline season. Traders said. A trader
from China stated that the US will be importing large quantities of blending
components from Asia for its upcoming driving season. The trader
from China stated that he was not pleased with the operating rates of PX plants. According to
the trader, several producers want higher reformate production due to healthy
PX-naphtha Spreads. The same trader stated that the reason for
higher reformate production is due to PX-naphtha spreadings. Sources said
that despite China's weak downstream demand, sentiment for 2023's second
quarter is still positive. Sources said...