the PTA capacity is near 3.3 million tons/year

As for the demand in US, the PTA capacity is near 3.3 million tons/year and the PX capacity is near 3.7 million tons/year, with supply exceeding demand. In longer time span, US is a net PX exporter but the export volume is gradually declining. In Feb 2022, PX imports were higher than exports, incarnating changing supply/demand pattern. From the angle of overall demand, monthly PX demand in US is as high as around 180kt. According to the market sources, 40-50kt of PX was purchased from Asia recently which is equal to around one third of its monthly demand