- Indications that are marginally positive for downstream
PTA- Hengli Petrochemical starts
maintenance at the No. 5 PTA plant





Asian paraxylene markets edged up on July
4, due to maintenance and lower downstream production. As the economics for feedstock paraxylene remain
weak, producers continued to be cautious in managing downstream purified
Terephthalic Acid production. As the month progresses, scheduled
maintenance may help to ease the bearish tone. Hengli
Petrochemical, China began maintenance at its 2.5 million mt/year No. According to
a source, 5 PTA plants were opened in Dalian on July 2. This
turnaround will take between 20-30 days and will be followed up by scheduled
maintenance at No. 6.6 million mt/year. The source
said that 3 PTA plants will be available at the end of the month. Asian PX was
valued at $13.75-18.50/mt, up from $1,234.08-1,260.25/mt CFR...