All the numbers below are comparisons on a year-on-year basis By John Richardson WHERE HAVE all of China’s paraxylene (PX) and ethylene glycols (EG) gone? With suggestions that other commodities such as steel are being stockpiled, this is a question that must be answered as we assess what […]
Asian Chemical Connections
Coronavirus: Global polyester chain faces major production cuts, shortages and cost increases
By John Richardson A GREAT example of the extent to which global supply chains are exposed to China is in the polyester sector where, as you can see from the above charts, China completely dominates global net imports of paraxylene (PX) and ethylene glycols (EG). Note that our database puts mono, di and tri-ethylene glycols […]
Everywhere You Look
By John Richardson EVERYWHERE you look across China’s petrochemical markets the story is the same as in polyethylene (PE): Exceptionally weak demand during a time of the year when demand should be good. Take purified terephthalic acid (PTA) as an example. “Asia’s purified PTA spot prices fell in the week ended 15 March on reflection of […]
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