Because some new production facilities have been put into operation, coupled with the increasing demand in the Chinese market, the total export volume of PX in South Korea in August was 432039 tons, an increase of 36.1% over the previous month.

Local traders in South Korea said that thanks to the commissioning of two large-scale production installations of SK and SamSung company, the output of PX in the 7 and August increased significantly. In July 10th, Samsung announced that its newly built PX plant with capacity of 1 million tons / year officially entered the stage of large-scale commercial production. Soon after that, SK innovation company's capacity of 1 million 300 thousand tons / year PX device was also formally put into operation. It is reported that if full load operation, the above two PX production units combined monthly capacity is 192000 tons.

Analysis data show that South Korea in August PX The cargo is mainly exported to the Chinese market. Because of the considerable profit from downstream PTA, China has further increased the output of this substance. Affected by this, the demand for PX in the Chinese market has been improving for a while. South Korea moved to China this month. Exit The total PX was 392758, an increase of 40.72% over the same period last year.

　　 market People pointed out that in August, CFR China PTA/PX production profit margin was 59.84 US dollars / ton. Though still not as good as expected, it has improved since July.

Due to the fact that the FCFC (chemical fiber company) and CPC production facilities are in the period of parking inspection, the local PX production in this area has been greatly reduced. To meet local market demand, South Korea increased its PX exports to 34521 tons in August.

Although China's demand for PX cargo from South Korea has increased sharply, Japan's demand for its third largest PX exporter has declined. In August, the number of PX exported from Korea to Japan was only 4760 tons, down nearly 50 percentage points from the same period last year.