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The new PTA production plant started up and planned to put into production, the supply pattern changed from tight balance to excess PTA new production plant started and planned to put into production, the supply pattern changed from tight balance to excess PTA new production plant started and planned to put into production, and the supply pattern changed from tight balance to excess
1.
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5.
Rongsheng Petrochemical: Announcement on the Investment and Construction of a PTA Project with an Annual Output of 6 million tons
On September 18, 2019, Rongsheng Petrochemical issued an announcement on the planned construction of a PTA project with an annual output of 6 million tons.
In order to further enhance the company's perfect industrial chain advantage and enhance market competitiveness, expand the market scale of the company's products and reduce the unit of products.
In terms of cost, Zhejiang Yisheng New Materials Co.
, Ltd.
, a subsidiary of Rongsheng Petrochemical Co.
, Ltd.
, plans to invest in the construction of "an annual output of 6 million tons of PTA project".
The project will be implemented in two phases, with an estimated total investment of 6.
731 billion yuan
.
6.
The total investment is nearly 60 billion! Jiutai Group will build a new 2.
4 million tons/year PTA plant in Inner Mongolia!
The total investment is nearly 60 billion! Jiutai Group will build a new 2.
4 million tons/year PTA plant in Inner Mongolia! 6.
The total investment is nearly 60 billion! Jiutai Group will build a new 2.
4 million tons/year PTA plant in Inner Mongolia!
According to a report on the official website of Jiutai Group on September 6, Inner Mongolia Jiutai New Materials Co.
, Ltd.
plans to build an industrial technology upgrade demonstration project for ethylene glycol supporting polyester new materials of Inner Mongolia Jiutai New Materials Co.
, Ltd.
in Tuoketuo Industrial Park, Hohhot City, Inner Mongolia Autonomous Region
.
It can be found from the announcement that the total investment of the project is nearly 60 billion yuan, and 2.
4 million tons/year PTA and 600,000 tons/year polystyrene units will be built
.
The release of polyester production capacity cannot hide the risk of PTA overcapacity, and the long decline of PTA may not be over ! From the perspective of profit distribution in the polyester industry, the PTA processing fee has dropped to less than 500 yuan/ton, and the PX processing of some units has entered a loss-making range and is close to the historical low.
Another new low
.
On the other hand, under the circumstance of low prices of PTA, MEG and other products, polyester production capacity also has plans to expand production capacity in 2020
.
According to statistics, the new production capacity of polyester in 2020 is expected to reach 5.
15 million tons, and the demand for PTA will increase by about 4.
3 million tons, which is far less than the planned production capacity of 15.
3 million tons of PTA in 2020
.
The downward cost and processing fee will make it difficult to reverse the PTA price center of gravity.
Under the large production expansion cycle, the long decline of PTA may be far from over!
