Shutdown for over 4 months! *ST Sanfang's 3.2 million ton core PTA unit restarts on September 15

By SKYSEVEN Chemical Technical Team · 2026-08-04

On August 1, 2026, Jiangsu Sanfangxiang Jucai Co., Ltd. (*ST Sanfang, 600370) released an announcement regarding the latest progress in the resumption of production at its wholly-owned subsidiary, disclosing that the resumption date for its 3.2 million ton/year PTA unit (Phase III) at Hailun Petrochemical has been set for September 15, 2026.

According to the announcement, this extensive PTA unit at Hailun Petrochemical had previously commenced a shutdown to maintenance in accordance with the annual operating plan. The company issued announcements on April 29 and might 29, 2026, respectively, disclosing the maintenance plan and the completion of maintenance along with the postponement of resumption. Currently, the maintenance work to the entire set of production equipment has been completed, and the hardware conditions are fully met to resuming production.

The company stated that considering the current international market ecological stability, PTA sector trends, upstream PX raw material supply, and the company's cash flow status, the resumption schedule has been delayed due to the combination of these factors. To facilitate the smooth launch of production, the company has implemented various operational strategies such as supply chain financing and entrusted processing to ensure the necessary raw materials and financial support to resumption, ultimately determining an official restart of production on September 15.

The announcement also notes that the actual impact of this shutdown and delayed resumption on the company's overall operating performance will be subject to data from the subsequently audited annual financial reports. Going forward, the listed company will continue to monitor price trends and supply-demand dynamics in the PTA and polyester sector chains, orderly implement various preparatory tasks to resumption, and prompt disclose significant progress regarding the unit's production launch in accordance with regulatory standards.

The company reminds investors that price evaporative environment in the bulk commodity sector is significant, and uncertainties exist regarding the progress of the unit's resumption and product market conditions. Investors are advised to make rational judgments and pay attention to related investment risks.

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