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Recently, with the hot rise of the domestic chemical market, the PTA market has also risen, and the price has quickly broken through the 4,500 yuan (ton price, the same below) mark, close to the level at the beginning of last year
.
The last peak of production capacity growth in the PTA industry occurred from 2011 to 2015.
Due to the strong downstream polyester demand, PTA production capacity rapidly expanded from 20 million tons/year to 45 million tons/year
.
The last peak of production capacity growth in the PTA industry occurred from 2011 to 2015.
According to statistics, PTA production capacity will increase by 7.
From the perspective of demand, more than 90% of the downstream PTA is used to produce polyester, and the terminal is used in the textile and garment industry
.
From the perspective of import and export, following the last wave of capacity expansion, the import volume of PTA has dropped significantly, from more than 5 million tons to about 1 million tons.
On the whole, domestic PTA production capacity will achieve continuous leap-forward growth in the next few years.
At the same time, with the international development of PTA futures, the export volume is expected to increase significantly, and domestic enterprises will further increase their voice in the world
.
However, as far as PTA products are concerned, industry profits have shifted upstream and downstream, and product price fluctuations will depend on changes in cost and downstream demand
.