China’s PX dependence on imports dropped from 55% in 2018 to 46% in 2019 and then further to 37% in 2010

In 2019, the smallest PX capacity of a new single plant is 0.6 mln mt/yr, and its competitiveness is not strong in the world as plants with PX capacity no less than 0.6 mln mt/yr have already taken 79% of global total in 2018. However, there are new large-sized ones such as Hengli Petrochemical’s 4.5 mln mt/mt units and Zhejiang Petroleum and Chemical’s 4 mln mt/yr units, coming on line with obvious competitiveness.

Let’s make a comparison between the dependence on imports in 2009 and 2019.