European PTA Exports Seek To Shift To Asian Markets, And Asian PTA Is Generally Bearish.

Recently, according to Prof energy report, European manufacturers of PTA are actively seeking to shift to Asia, mainly due to the export opportunities of India and China, due to weak demand in Europe.

According to China Customs data, in September, Europe exported PTA to China as high as 22992 tons, exporting to Belgium and Portugal. Usually, European exports to China PTA were zero or negligible. Similarly, India customs data show that in July, India imported 9001 tons of PTA from Belgium, which was an unusual source of imports of PTA in India and 11987 tons in August.

BP is the only PTA manufacturer in Belgium, with a total production capacity of 1 million 400 thousand tons / year. Portugal has only one 700 thousand ton / year PTA device, owned by Dora ma.

Pu's Energy said that with the coming of the low demand season, European PTA was weakened by the weakening of downstream PET. In the cold weather months, when demand for plastic beverage bottles is reduced, it usually leads to a decrease in European PET demand and a decrease in prices. This year's impact is exacerbated by insufficient summer demand, with severe oversupply in Europe in winter months. At the end of October, the European PET spot price was 890 euro / tonne (FD, northwest Europe), a sharp decrease of 460 euros / ton compared with the same period last year.

Although European PTA producers are actively looking for opportunities to export to Asia, some trade participants are skeptical about the sustainability of Asia's PTA exports in Asia, because of challenges in packaging and logistics, and the market is generally down in Asia PTA. This is due to the coming of new factories in Asia, and the demand for PTA in Asia is also decreasing in the wake of the traditional demand slack season.