China's dependence on PX imports is higher than its dependence on PTA imports, since new PTA capacities are becoming operational each year.
This leads experts to conclude that, China's PX imports will continue to increase. Currently PX import dependency is around 40 percent of overall consumption.
China's net imports of PX stood at 3.317 million tons in 2010, of which imports from Japan and South Korea accounted for 50 percent of China's total imports.
In 2010, only one million tons of PX capacity was put into operation. In the current year and next year, very less capacity is being added, which will mean tighter supplies and higher prices.
Fibre2fashion News Desk - China
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