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Aluminum market has a bright future
Aluminum has a bright future as end-markets see strengthening demand and megatrends push for environmental and energy-savvy constructions ...
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Although demand growth from downstream polyester markets will rise steadily, a glut of new capacity means PTA producers will see margins under severe pressure
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A total of 14.5m tonnes/year of new PTA capacity, or 10 new worldscale PTA plants, will come on stream in the next three years, bringing up the overall Asia PTA capacity to 52.5m tonnes/year in 2013, a sharp increase of 38% compared with the 2010 capacity of 38.0m tonnes/year.
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