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PTA Operating Rate Continues To Innovate And Low PX Supply Exceeds Demand.

2014/7/10 14:53:00 37

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to meet the demand of downstream a href= "http:// www.91se91.com/news/index_c.asp" > polyester < /a >, since 2007, the domestic PX production capacity has maintained a high growth rate, with an average annual growth rate of 17.3% over the past 2002~2013 years, with an annual capacity of 12 million 120 thousand tons, accounting for more than 40% of the total capacity of the whole ball, and ranking first in the world. Nevertheless, in 2013, the import volume of PX in China was still as high as 9 million 50 thousand tons, and the dependence on imports was around 45.45%. And the future expansion of PTA can not be underestimated. As of 2015, PTA capacity will be approaching 45 million tons, which will consume 29 million 470 thousand tons of PX. In the next 3 years, there is still a large supply gap for PX demand in China. 
During the year P < a href= "http:// www.91se91.com/news/index_c.asp" > India < /a > Korea and some other new PX production capacity, the supply of Asian suppliers increased. In the two quarter, the new capacity in Asia increased by 3 million 300 thousand tons / year. At the end of July, the monthly supply of PX in Asia will increase by 220 thousand tons, or 15% of the monthly consumption of PX in China, with a load of 80%. 
 but domestic "a href=" http:// "www.91se91.com/news/index_c.asp" > petrochemical enterprise < /a > because of weak downstream performance, PX operating rate is also in a steady decline, the overall digestion of import sources is slightly weaker. 
 at the same time, under the pressure of profit, the main demand of PX downstream PTA is up to 11 million 140 thousand tons / year of capacity parking inspection, the operating rate is only 66.27%. At the present stage, the domestic consumption of PX is about 1 million 180 thousand tons at 66% PTA load. At present, the PX output of domestic enterprises is about 690 thousand tons, and the import volume is about 700 thousand tons / month. The total monthly supply of domestic PX is as high as 1 million 390 thousand tons, far exceeding the current consumption demand of less than 1 million 200 thousand tons. 
 in addition, with the two quarter Tenglong two and the Qingdao Li Dong PX plant put into operation, the pressure of PX supply in Asia and China will further increase. In 2014, PX producers in Asia were basically in negative profits, with insufficient business confidence. In the three quarter, Asian PX is expected to supply more than 6 million tons / year. In the case of the domestic economy and capital side, it is difficult to have a good boost, PTA and other downstream demand follow-up and slow conduction, PX market or reintegration stage.