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Qingdao Lidong Chemical keeps capacity utilisation at its PX plant in China at 70% in October

October 23/2019

MOSCOW (MRC) -- Qingdao Lidong Chemical in Shandong province continues to run its paraxylene (PX) plant at about 70% in October, reported S&P Global with reference to a source close to the company's statement, adding that this was also due to poor production margins.

The company lowered its PX operating rate from 90% in August to 70% in early September and has kept this level of capacity utilisation ever since.

The plant has a production capacity of 1 million mt/year of PX and about 270,000 mt/year of benzene.

As MRC wrote before, China's Fuhaichuang Petroleum and Petrochemical, formerly known as Dragon Aromatics, shut one of its two PX lines at Gulei, Fujian province on 14 October also due to poor margins. The company has two lines that both can produce 800,000 mt/year of PX.

PX is a feedstock for the production of purified terephthalic acid (PTA). PTA is used to produce polyethylene terephthalate (PET), which, in its turn, is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.

According to MRC's DataScope report, Chinese bottle grade PET deliveries to Russia increased 34% in the first eight months of 2019 to 95,600 tonnes. China accounted for 90% of the total imports, compared to 85% a year earlier.
August imports of material from China decreased by 41% to 7,600 tonnes from 12,800 tonnes in July. Jiangsu Sanfangxiang, Yisheng, Wankai and Sinopec were the leading Chinese suppliersof material to the Russian market.
Author:Margaret Volkova
Tags:paraxylene (PX), PET-granulate, terephthalic acid, packaging, Fuhaichuang Petrochemical, Qingdao Lidong, China, Russia.
Category:General News
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