Two South Korean PX plants set to return from maintenance shutdown
Industry insiders believe that the steady demand for PTA across Asia is expected to boost the PX market moving forward.
According to market sources, two South Korean paraxylene (PX) producers have completed the maintenance works at their plants and are on track to resume operations.
Hanwha Total shut its 770,000 tons/year PX unit since early April for 55 days. The unit resumes operations on 20 June 2024.
Meanwhile, SK Chemical is expected to bring its 400,000 tons/year PX unit online early next week after being taken offline at the beginning of May.
Industry insiders believe that the steady demand for PTA across Asia is expected to boost the PX market moving forward. As of 20 June 2024, spot PX based on CFR Taiwan gained $8/ton from the previous day to $1039/ton.