Ye Weile, research director of Shenghong (Shanghai) Polyester Material Co., Ltd. delivers his report of Analysis of PX-PTA market structure from the perspective of private refining and chemical industry

First of all, Mr. Ye introduced Shenghong Group, and then introduced Shenghong's industry chain, aromatics cpmplex plant, crystallization principle and isomerization principle in detail. 

Then he introduced the influencing factors of PX production from the aspects of hydrogenation, MX, steam fuel and ethylene, as well as a brief review of PX-PTA market from 2022 to 2023, global PX supply and demand and regional trade flow in 2022.

Mr. Ye also focused on that China PX imports were decreasing year by year during 2017-2022, and China PXN and PX-MX spread had decreasd year by year, South Korea PX production and aromatics exports in 2022, North American refinery capacity phase-out in 2021-2022, North American gasoline demand, U.S. PX imports and exports in 2018-2022, India PX production and exports 2015-2022, and more.

The last part is discussing the focus in the short term: Where is the end of gasoline blending demand; focusing on PTA processing spread and plant O/R; our focus in the medium and longer term; overseas economic data, PTA new capacity schedule and potential PX supply, etc.