China's weak benzene fundamentals weigh on TDP margins, despite PX strength

In China, diverging market fundamentals for downstream products of toluene disproportionation units, including paraxylene, isomer-mixed xylenes and benzene, are creating uncertainty around TDP/selective TDP unit margins. Despite a $42.67/metric ton rise in PX prices since early December 2025, producers remain hesitant to operate TDP units at full capacity, with one North China producer reportedlyIn China, diverging market fundamentals for downstream products of toluene disproportionation units, including paraxylene, isomer-mixed xylenes and benzene, are creating uncertainty around TDP/selective TDP unit margins. Despite a $42.67/metric ton rise in PX prices since early December 2025, producers remain hesitant to operate TDP units at full capacity, with one North China producer reportedlyRead More