Hengli Petrochemical Starts Turnaround at PTA Plant in Huizhou — OPIS
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Hengli Petrochemical has commenced a two-week maintenance turnaround at its 2.5 million metric tons per year PTA plant in Huizhou, Guangdong. The company operates another PTA plant at the same site at full capacity. Rising feedstock costs and naphtha shortages have led to a decline in polyester demand, with average operating rates for Chinese polyester and PTA plants dropping significantly. While polyester margins remain low, PET bottle margins are expanding due to seasonal demand. Additionally, Hengli has denied allegations of trading Iranian oil amid U.S. sanctions, with recent restructuring of its trading arm.
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