The world’s largest petrochemical market information (ICIS) reported: “Supply of paraxylene (PX) in Asia should gradually lengthen as a result of PX capacity expansion growth, driven by two large production units coming on stream in the key China market this year.”
Hengli Group’s PX new capacity would stand at around 4.5m tonnes/year, while Zhejiang Petrochemical Corporation will be able to produce 4m tonnes/year of PX.
PX is a feedstock for purified terephthalic acid (PTA), which mainly goes into polyester fibres and polyethylene terephthalate (PET).
Around 98% of PX is used for PTA or dimethyl terephthalate (DMT) production.
China is the key PX demand hub globally, with the country being net-short and heavily reliant on imports.
Furthermore, global demand growth is mainly driven by China, with China’s PTA production capacity standing at around 57% of total global PTA production capacity.
In 2017, China imported around 14.4m tonnes of PX, while imports in 2018 from January to November stood at 14.3m tonnes.
China PX imports in 2019 are expected to decline from the previous year as a result of new PX capacities being added within the country.
Please read more from the: “Source: ICIS News”
Contributed by: Samaneh Marjani
************************
Why Should Be “A Paid-Subscriber” and “Advertiser”
Keeping an independent media in countries that impose limitations on self supporting media, will help to support the humankind’s freedom. If you believe it, please act to be a PRO-MEMBER by clicking “HERE“, or:
Please send your PR’s directly to the email address of the Chief-Editor in order to be published at once in the world via ” https://pimi.ir ” The address is: aasaatnia@live.com.
