ICIS has recently launched the latest version of the China MEG Annual Study, an in-depth report of the year’s developments and hot topics with supply/demand outlook for 2015.
6m-8m tonnes/year of new domestic MEG capacity is expected over the next five years in China, however will these be used to produce polyethylene terephthalate (PET)? To give you a glimpse of the type of valuable information provided in the annual study, we have made a section available for you to view.
Downstream demand analysis
Expansion projects in 2014
According to statistics, 4.37m tonnes of new PET capacity will come on stream through 2014.The start-ups of some projects have been postponed to next year because of the prevailing poor margins this year. The total output is expected to be at around 32.23m tonnes by the end of the year, up by only 400,000 tonnes year on year due to reduced operating rates.
PET output by origin
Most PET cargoes are produced in east China, with output to reach around 27m tonnes in 2015. The capacity in south China has been increasing in recent years, with output approaching nearly 4m tonnes. The output in other regions is low, covering less than 4% of the national total.
The ICIS China MEG Annual Study is an in-depth report of the year’s developments and hot topics with a supply/demand outlook for 2015. It provides credible data and analysis to support your annual sales and strategy planning by giving you all of the following: