PX Supply and Demand Decline; Middle East Easing Weighs on Prices on May 25

GateNews
According to Shenyin Wanguo Futures (via Jin10), on May 25, PX supply and demand are both declining due to low downstream utilization rates and seasonal weakness in terminal demand. Middle East tensions easing also puts downward pressure on prices through reduced production costs and sentiment. The firm anticipates PX prices will move lower amid these headwinds.
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