Foreword

China is the world largest PET bottle chip producer and consumer. Till end 2018, the capacity in China reached 10.16 million tons, over 30% of global total. In next 3 years, China PET resin industry will face new round of capacity expansion with capacity up to 12 million mt/year till 2022.

How will the market compete then? Will feedstock supply be sufficient or not? The demand from emerging segments continuously grow. By end 2018, demand from non-bottle sector like PET sheet accounts for 14% of total in China. The nearly 3 million tons export volume also marked historical high, could this momentum sustain?