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NEWS
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  • PTA supply has increased significantly and the inventory continued to rise

    2020-01-14

    OutputIn 2019, the PTA plant operating rate remained at a high level. The monthly operating rate was above 90%. The average annual operating rate (based on the monthly average) was 95%. It is estimated that the cumulative annual output will be around 44.7 million tons, an increase of about 9%. Espec Read More

  • the PTA-PX processing spread

    2020-01-14

    Processing marginIn 2019, the PTA processing margin continued to rise, with an average annual processing margin of about 1,020yuan/mt, which is about 9% higher than 936yuan/mt in 2018. From Jan to Mar, the PTA-PX processing spread was at 650-880yuan/mt, and then increased to around 1,400-1,800yuan/m Read More

  • PTA in 2019:capacity growth speeds up

    2020-01-14

    In 2019, PTA capacity growth speeded up. With Sichuan Nengtou's 1 million tons/year and Xinfengming's 2.2 million tons/year PTA units into operation, the total PTA production capacity reached 48.98 million tons/year, a growth rate of 7%. In 2019, the PTA market performed well, but under the pressure Read More

  • new polyester capacity planning is basically concentrated in these leading enterprises

    2020-01-14

    Product prices have fallen to historical lows, and benefits have gradually shrunkFrom the perspective of product prices, the polyester market in 2019 is basically in a downward path, especially in the second half of the year. Due to the collapse of upstream cost and the deterioration of its own supp Read More

  • Polyester in 2019: high industrial prosperity starts falling

    2020-01-14

    Large refinery projects successively start operation, and upstream capacity expands rapidlyIn the past two years, large-scale refining and petrochemical projects of domestic private giants have continued to accelerate. At the end of 2019, a centralized production startup period has ushered in. For t Read More

  • US think tank urges continued engagement with China

    2020-01-14

    Growing US-China cooperation will benefit not only the two countries but the rest of the world, according to a leading US think tank. In a recent report titled ‘Reconsidering US-China Economic Relations: the Way Forward’, the Bay Area Council Economic Institute acknowledged the difficulties in ties, Read More

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