"PET has excess capacity is not a country, a region thing, this serious problem is spreading worldwide. With major new devices have been put into operation , in 2014 the total supply of global PET market reached 29.4 million tons , compared with the previous an increase of 20 %, while their needs , then a 6 % growth rate , and its total up to 19.7 million tons . words, this year there will be 970 tons PET worldwide overcapacity . " American GSI company CEO Francisco ZanJi in a speech said.Sellotape
PET white particles
Regionally, the experts agreed that Asia will become the new round of overcapacity suffered the biggest impact in the market. Among them, China will become the world's most serious overcapacity PET countries . It is estimated that in 2014 China PET total output of 800 million tons, while the demand for up to 4.2 million to 450 million tons. To divert domestic overcapacity pressure , when the Chinese side is likely to further increase the export efforts.Washi tape
In addition , the European market will also escape. Due to oversupply , the current European PET market trend is further deteriorating. Although many European PET project has been postponed or canceled, but Lotte company in the UK a 200,000 tons / year PET plant and India JBF Industries company in Belgium a 440,000 tons / year PET devices have been started this year, the area will add 300,000 tons PET. Meanwhile, there is news that Egypt and Turkey are the new PET device manufacturers , the total production capacity of 900,000 tons / year, most of the products will be exported to European markets .Masking tape
Market analysts pointed out that , in order to ease the pressure of excess capacity , the European PET plant operating rates by 2013 more than 80 per cent in 2015 to 60% to 65 %.Wholesale masking tape
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