Influence of PX capacity expansion to polyester and aromatic market
！！Pan Wenneng, Senior Analyst from Huarui Information
2019-03-22 11:50:16
Pan Wenneng, Senior Analyst from Huarui Information, made his report on Influence of PX capacity expansion to polyester and aromatic market
As PX has been under the spotlight in recent years, Mr. Pan analyzes the influence of PX capacity expansion to polyester and aromatic market. His report can be divided into four parts.
In the new capacity expansion cycle, some old capacity will be eliminated inevitably, with refining technology upgrading. It needs attention on which plants will be eliminated in 2019-2023.
New PX capacity has influence on PX-PTA-polyester chain. Based on the expansion situation in PX-PTA-polyester chain, the influence will be most obvious on PX, however, PX could be bolster by non-integrated PTA producers. After large PX capacity, the price of polyester could be cheaper.
New PX capacity has influence on TL-MX-PX/BZ chain as well. For MX, the expansion cycle means faster growth of demand., however, MX is still currently oversupplied. For benzene, PX capacity growth could not help with the surplus of benzene supply.
At last, Mr. Pan analyzes the importance of PX to refineries. PX is the single product with largest output. The future is the time for refining and chemical industry to connect most chemical chains, and there will be strong companies in each chain.
As PX has been under the spotlight in recent years, Mr. Pan analyzes the influence of PX capacity expansion to polyester and aromatic market. His report can be divided into four parts.
In the new capacity expansion cycle, some old capacity will be eliminated inevitably, with refining technology upgrading. It needs attention on which plants will be eliminated in 2019-2023.
New PX capacity has influence on PX-PTA-polyester chain. Based on the expansion situation in PX-PTA-polyester chain, the influence will be most obvious on PX, however, PX could be bolster by non-integrated PTA producers. After large PX capacity, the price of polyester could be cheaper.
New PX capacity has influence on TL-MX-PX/BZ chain as well. For MX, the expansion cycle means faster growth of demand., however, MX is still currently oversupplied. For benzene, PX capacity growth could not help with the surplus of benzene supply.
At last, Mr. Pan analyzes the importance of PX to refineries. PX is the single product with largest output. The future is the time for refining and chemical industry to connect most chemical chains, and there will be strong companies in each chain.
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