Long term oversupply of global PX will ease

The global oversupply of paraxylene (PX) will ease in a few years due to relatively strong demand, a consultant at

said on May 6.

an analyst said that the large-scale PX capacity growth has exceeded the demand growth, resulting in a huge surplus, which may take several years to digest.

and

in 2014, the new capacity of PX reached nearly 6 million tons, and it is expected to increase similar capacity in 2015.

and

however, with PX demand growing at 2 million tons / year, if the capacity growth slows down, the market may eventually be balanced.

and

even if China's economic growth slows down, the huge rigid demand in this region can still absorb the surplus supply in the region.

and

are growing at the highest speed with PET / > pet resin. It is estimated that the demand for downstream polyester (film, fiber and PET resin) will increase by 4-6% by 2020.

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