24 November 2010 14:32 [Source: ICIS news]
BERLIN (ICIS)--Demand for aromatics in ?xml:namespace>
Speaking at the 9th European Aromatics and Derivatives Conference, she said that demand for derivatives including polystyrene (PS), acrylonitrile-butadiene-styrene (ABS), phenol and purified terephthalic acid (PTA) will continue to grow in the next five years.
The Chinese government encourages the building of large-scale aromatics complexes with advanced technology and the increased use of domestic technology and equipment, she said. This will lead to supply and demand for the main aromatics to be nearly balanced by 2015.
The consumption of benzene in
However, with new refineries and aromatics projects coming on stream in 2009-2010, capacity is exceeding demand, leaving operating rates at low levels of 58% this year. In addition, restrictions on the benzene content of gasoline will increase benzene supplies to the market, she said.
Paraxylene (PX) capacity in
In 2010, PX demand is expected to be 9.72m tonnes and output around 6.3m tonnes. It is estimated that imports will be around 3.6m tonnes.
PX demand in
Net imports of PTA will be 5.5m tonnes in 2010.
By 2015, PTA demand is expected to reach 24.2m tonnes, while capacity will reach 21.5m tonnes/year, she added.
The 9th European Aromatics and Derivatives Conference takes place in
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections