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Chinese polyester sector growth to slowdown in 2012
Jan '12
China Chemical Fiber Industry Association expects that China's PTA demand will maintain an average annual growth rate of 9.3 percent during the next five years.

PTA demand from the PET bottle chip industry will increase 11.4 percent per year on average and demand from polyester fiber sector will rise 9 percent per year.

Chinese polyester industry is expected to witness operating rates to decline from around 85 percent in 2011 to about 80 percent in 2012 on an average.

It is also of the opinion that growth rates of the polyester filament industry will gradually slow down to five percent and that of polyester staple fibre (PSF) to around eight percent in 2012.

Fibre2fashion News Desk - China

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