2014 5th PX-PTA MARKET SUMMIT
Time：2014-07-09 -07-11location：shandong qingdaoshi
What shocked CCTV？
What makes all of the citizens, the government, the enterprises care about?
Event Highlights
Focus on PX
Review of PX market in 2013
n 2013 is a black year for the China’s PX manufactories.
n The profits of PX suppliers are declined：the margin of crude oil-PX is only USD230-240/T，however, the break even line is USD300-350/T.
n Due to declined profit of PX，the supply-demand structure is not balance. There is less deal in the market.
n The players continue to negotiate the PX ACP due to it is always far from agreeing on it in 2013. So the players have to refer to the spots price these several months.
Focus on PX market in 2014
n Domestic main units：
Location | Company | Capacity | Comment |
Fujian | Xianglu Petrochem Xiamen | 1.65MT （Xiamen）、New capacity 4.5MT(Zhangzhou) | Put into production in Mar. （thequantity is to be tested） |
Jiangsu | Jiangsu Sanfangxiang Group | 1.2MT ,the unit of stage2 is 1.2MT | Plan to be put into production in Aug. or Sep.（but it ‘ll be moreaccording to the marketcondition） |
Jiangsu | Jiangsu Honggang Petrochem | The new capacity of 1.5MT PX is going to match its own self-supporting PET unit | PTA unit will be put into productionin the second half of May. Now it isgoing into the procommissioning |
Zhejiang | Zhejiang Yisheng Petrochem | 2MT PX of Hainan Yisheng,（be output last year）； 5MT PX in Dalian,； | Stage 2 of the new capacity will be confirmed in April. |
Guangdong | Zhuhai BP Chemical Co. | 1.7MT | The 1.25MT new capacity plan will not be delayed for now. it’ll be put into production in the end of this year. |
Liaoning | Hengli Petrochem Dalian | 4.4MT，New capacity 2.2MT | The stage3 of the old 2.2MT will bedelayed to the Q1,2015 |
Sichuan | Sichuan Shengda Chem | New capacity, 1MT | It will be delayed to the early 2015 |
n Overseas main units：
Recently, under the deteriorating profit all sorts of reasons, part of the overseas PX plants appeared to shut down production. Such as: 800000 tons of Korea Hyundai’s PX unit plans to shut down in June, three sets of 690000 tons PX unit of CPC plans to shut down in Lin Yuan, the operating rate of JX fell from 80% to 50% in March or April.
Location | Company |
Korea | SK Energy- JX Nippon |
Korea | SKGC |
Korea | SAMSUNG TOTAL |
Singapore | JAC |
Focus on PTA
2013 PTA Review
n PTA price：the spots price has experienced decline since the early of this year until April.，from the middle of Apr. to the end of 2013, the price experienced downward trend.
n The unbalanced supply-demand structure：Due to the end of 12 PTA release on her new capacity, market supply increased rapidly; But the downstream polyester expansion is relatively stable, short-time rapid increased supply is pressure to the PTA market..
n The industry structure of PX-PTA greatly changed：PTA does have excess capacity, it’ll be affected PX market greatly.
2014 PTA Focus
n Analysis on the supply-demand condition of the PTA& its downstream industry(including polyester filament yarn and fiber, etc.）
n Discussion on the way of PTA export：how many PTA can be exported? Is there actually any good opportunities there?
n Sharing the latest information of the new PTA capacity
