2014 global PET market supply and demand forecast

Since last year's fourth quarter, the global PET market supply increased steady flow . Insiders said that to control serious excess supply , expects global PET plant load rate will remain at 60% to 70 %. A number of Asian PET producers said that this year will be the Asian PET industry last year, is likely to remain weak profits or even losses . According to Chem Orbis monitoring , by the impact of upstream costs and weaker demand , by the end of January , Southeast Asia PET prices fell .Sellotape
 

From a global perspective , in 2014 there will be a number of projects come on stream . PET producers EIPET Egypt has announced that its new area located埃因苏赫纳225,000 tons / year production line officially put into operation. Turkey Ko Ksan two 216,000 t / year PET production line is also the first car in early November last year , according to plan in 2014 was 90% of the minimum load capacity . British Lotte Teeside regions New 200,000 tons / year PET plant also is accelerating the construction of the first quarter of 2014 is expected to be completed . Two production company Petroquimica Suape , Brazil Pernambuco region can 230,000 tons / year of new PET production lines will also be the end of January this year into commercial production. Saudi Basic Industries Corporation (SABIC) will also be located at the beginning of this year to its new 420,000 tons Yanbu / year PET device that originally commissioned in the fourth quarter of last year , due to the progress of the issue was postponed .Washi tape

According to Chem Orbis , principal analyst pointed out that the current global PET market has excess supply , while the country was bored manufacturers continue to expand production capacity, PET will eventually lead to weaker demand , high inventories , prices and profitability weakened.

A Korean manufacturer said that based on the current global PET market supply conditions, PET manufacturers in Asia this year will continue working hard and making the same as in 2013 , in 2014 it will not be easy. South Korean manufacturer said that South Korea is Europe's largest PET source of imports. Europe and the Middle East, a lot of new PET resin production capacity , will pose a threat to the South Korean manufacturer . In addition, some Korean manufacturers from January 2014 to abolish import duties on the European origin of the goods in India also expressed concern that , because it would directly compete with Korean sources.Masking tape
 
China has become the world's largest producer of bottle grade PET chips are expected to reach an annual capacity of 9,000,000 tons 2014 . Oversupply situation will continue in 2014 , or will result in PET prices lower. According to market sources , China Yi Sheng Hainan Petrochemical Company in September 2013 with a new cast of a 500,000 t / y PET production line , another 500,000 tons / year PET production line also plans recently to drive. But because business is tepid, the market for the company's new revenue-generating device sustainability skeptical. However, there are a Chinese manufacturer said that the macroeconomic situation improved or downstream users will boost consumer confidence. It is predicted that the U.S. and Japanese economies in 2014 will be better, will help to improve the downstream industry buying interest .

Market analysis, PET resin demand growth in 2014 may be less than 5% , while the global bottle grade PET chips production capacity will increase by more than 15%. 2014 bottle grade PET chips global production capacity to about 29 million tons , while demand is estimated that only 20 million tons .Wholesale masking tape