China's PX imports plunge 34.45% YoY in July

Despite a modest month-on-month rebound, China's PX imports stayed low in July, as tight Asian supply, geopolitical disruptions, and subdued domestic demand continued to weigh on trade flows.

China's paraxylene (PX) imports reached 512,600 tonnes in July, up 30,700 tonnes or 6.37% month-on-month, but plunging by 34.45% year-on-year, according to data from the General Administration of Customs of PRC (GACC). The level was only 6.39% higher than the five-year lowest in May of this year. Cumulative imports of