China's PX supply to tighten in H1 2026 on extensive unit maintenance

China's PX capacity losses for maintenance are estimated at 326.70 kt in Q1 and 800 kt in Q2. The resulting supply gap is expected to support prices, while quarterly demand remains steady at around 12.50 mln tonnes.

4 major PX units will undergo maintenance in Q1 2026 in China, tightening supply to support prices. Maintenance will expand in Q2, while imports remain high, continuing to tighten the supply-demand balance. Prices are expected to find renewed support early in Q2 after an early-year adjustment, OilChem estimates. In H1