PODCAST: Rampant China chemicals overcapacity could rebalance by 2024/5

Will Beacham


BARCELONA (ICIS)–Excess capacity plaguing China’s petrochemical markets could return to more balanced conditions by 2024/5 as the current wave of additions ends and demand gradually improves.

  • China economic outlook bearish on construction, demographic drag
  • New wave of capacity in China depresses margins, operating rates
  • China petrochemicals markets could return to balance by 2024/5
  • China switches from world’s biggest importer to exporter of purified terephthalic acid (PTA), polyester fibre, PET resin
  • China ramps up higher value products such as polycarbonate (PC)
  • Smaller, older capacity likely to close in Asia, Europe

In this Think Tank podcast, Will Beacham interviews ICIS senior consultant for Asia John Richardson, ICIS senior reporter Nurluqman Suratman, ICIS senior analyst Ann Sun and markets editor Jonathan Chou.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

ICIS is organising regular updates to help the industry understand current market trends. Register here .

Read the latest issue of ICIS Chemical Business.

Read Paul Hodges and John Richardson’s ICIS blogs.


Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.

Contact us to learn how we can support you as you transact today and plan for tomorrow.