Polyester feedstock supply demand pattern analysis and discussion on future trend
！！Xu Ji'en, Deputy General Manager of Yisheng Petrochemical's PTA Sales Center
2019-10-25 11:04:41
Xu Ji'en, Deputy General Manager of Yisheng Petrochemical's PTA Sales Center, delivers his report of Polyester feedstock supply demand pattern analysis and discussion on future trend
In this report, Mr. Xu analyses polyester supply and demand pattern from three aspects.
Firstly, PX capacity has expanded rapidly, resulting in the situation of ＾low profit, low import and high output￣ in China. PX market may recover in some periods of 2020 as capacity expansion slows down, but still faces pressure in the long term. By 2022, the global PX single-unit with capacity more than 1 million tons will become mainstream. Some small units in Japan and South Korea would be under pressure.
Secondly, PTA industry gains advantages in large scale capacity and facility integration, as cost is reduced and competitiveness ia enhanced. Then, Mr. Xu elaborates the trading mode of PTA.
Lastly, The peak of polyester capacity expansion will finish. The production growth reached 8.4% and falling speed is relatively controllable. Profits and operating rate will decline but stay at medium level in recent years. With textile industry transferring and export advantage of PET bottle chip, polyester exports will keep increasing.
In this report, Mr. Xu analyses polyester supply and demand pattern from three aspects.
Firstly, PX capacity has expanded rapidly, resulting in the situation of ＾low profit, low import and high output￣ in China. PX market may recover in some periods of 2020 as capacity expansion slows down, but still faces pressure in the long term. By 2022, the global PX single-unit with capacity more than 1 million tons will become mainstream. Some small units in Japan and South Korea would be under pressure.
Secondly, PTA industry gains advantages in large scale capacity and facility integration, as cost is reduced and competitiveness ia enhanced. Then, Mr. Xu elaborates the trading mode of PTA.
Lastly, The peak of polyester capacity expansion will finish. The production growth reached 8.4% and falling speed is relatively controllable. Profits and operating rate will decline but stay at medium level in recent years. With textile industry transferring and export advantage of PET bottle chip, polyester exports will keep increasing.
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