04 July 2011 12:46 [Source: ICIS news]
HONG KONG (ICIS)--?xml:namespace>
“By 2012, China’s PTA capacity will amount to 32m tonnes/year and the actual PTA output will achieve to 25m tonnes/year,” said Allen Yang, business manager from Italian commision agent Global Service International Changzhou Representative Office.
“But domestic PTA demand will be at 23m tonnes/year given that the downstream polyester plants with a capacity of 35m tonnes/year won’t operate at full capacity,” Yang said at the Global PX-Polyester Chain Focus 2011 conference.
The Global PX-Polyester Chain Focus 2011 runs from 4-5 July.
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