2014 or to become Asia's PX overcapacity turning point

With the PX continue to inject new capacity , the 2014 Asian PX or become a turning point in overcapacity .Masking tape

2013 , China's domestic new PX production capacity is expected to reach 2.85 million tons , including 800,000 tons Dragon Aromatics II device in the third quarter production of 650,000 tons device Pengzhou petrochemical and refining Hainan 600,000 tons in the fourth quarter to start devices. In other parts of Asia , including India as well as ONGC, Wholesale masking tape

Saudi Aramco and Total , Singapore Kowloon aromatics , including more than 2.4 million tons of new capacity appears. Meanwhile , South Korea 's exports to China as a superpower PX , by the end of 2013 to next year its export volume will increase. With the outlook further invest in new capacity , in this context , PX will step PTA footsteps, into surplus.Washi tape


Meanwhile , PTA overcapacity obvious. Currently, the production of global PTA industry can rapidly increase over the next five years the global oversupply of PTA will be in trouble , especially in Asia PTA started the wave of new capacity in 2012 - during the gradual arrival of 2014 will push the market into oversupply stage . 2012 and 2013 the industry entered a new round of China's PTA capacity expansion peak of the rapid growth of production capacity . 2012 60% of new capacity directly to the PTA industry pushed into losses, even if new capacity is relatively small in 2013 year , PTA production capacity throughout the year remained at 33.1 million tons . Sellotape