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PX capacity has entered the third peak expansion cycle starting from 2019
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PX capacity has entered the third peak expansion cycle starting from 2019

Views:0     Author:Site Editor     Publish Time: 2019-11-29      Origin:Site

From the chart above, we can see that after two expansion cycles in 2008-2009 and 2011-2014, PX capacity has entered the third peak expansion cycle starting from 2019. If we make a comparison, we can find that the new round of capacity expansion is quite similar to that in 2008-2010, in that PX capacity grows significantly, while the growth of polyester and PTA capacity lags behind. In 2011-2014, however, the growth of PTA capacity is the fastest, shown in the chart below.


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