By John Richardson CHINA’S polyethylene (PE) imports could be at either 19.8m tonnes in 2021 or 16.8m tonnes, as I discussed on Wednesday. The above chart illustrates what effect these best- and worst-case outcomes would have on imports from China’s 12 biggest trading partners, assuming they win the same percentage market shares of the total […]
Asian Chemical Connections
China’s Polyester Crisis: The Global Implications
By John Richardson EVERYWHERE you turn it looks bad in China, especially in the polyester value chain. “So has it always been in polyester. Because of its ownership structure, capacities up and down the chain are often out of sync,” said an industry observer. “Hence, the current big overhang in purified terephthalic acid (PTA) capacity […]
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