The operating rate of existing units may not change much later later. Hengli and Yisheng will remain shut; Fuhaichuang runs at lower rate; Energy Investment and Ineos may not restart in the short term; FCFC Ningbo may shut shortly. The PTA output increment in January may mainly from the new units, w Read More

In addition to the decrease in the supply side, the slowdown in production cut of downstream polyester plants has also brought support to the PTA market. In early and mid-December, as the epidemic control policy changed and the crude oil price dropped to around US$70/barrel, the speculative demand f Read More

However, the PTA inventory did not see obvious accumulation in December, and the port inventory has been maintained at a low level. On the one hand, the operation of the new unit is not stable, and the output is relatively limited; Yisheng New Materials reduced the operating rate of its 7.2 million Read More

In December, two new PTA units finally started production. One of the production lines of Dongying Weilian’s 2.5 million-ton plant was put into production around December 7, and had on-spec products around December 14. Jiatong Energy fed one line of its 2.5 million-ton PTA plant on December 21 and h Read More

Turkey sustained the top export market in Jan-Nov, 2022, accounting for 23.1% of the total, down by 3.9% on the year. Some domestic suppliers increased supplying to overseas market when supply of containers was long in Q1 2022. Exports of spandex to Turkey was high at the beginning of 2022 but appar Read More

According to the latest data from China customs, exports of spandex amounted to 66.6kt in Jan-Nov, 2022, a year-on-year decrease of 10.2% or 7544 tons. The average export unit price was at $7.864/kg in Jan-Nov, 2022, down by $0.731/kg on the year. Export of spandex dropped this year in terms of valu Read More