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Global PTA operating rates to decline 2013 onwards
10
Jan '12
China's domestic PTA industry will enter a new round of peak period for capacity expansion in 2012-2014, production capacity will grow rapidly.

Excess supply pressure will further emerge on PTA market from 2012, China's import dependence will continue to decline. India will also add new PTA capacity, which will also increase PTA supply capacity in Asia.

This will in turn, reduce the operating rate of global PTA industry 2013 onwards.

The operating rate of China's PTA industry will decline from 94 percent in 2011 to 85 percent in 2012, then to less 80 percent in 2013.

Global PTA production capacity reached 54 million tons in 2011. Alongside, China's PTA production capacity exceeded 20 million tons to become the largest global producer of PTA.

After consumption for the first time exceeded 20 million tons mark in 2010, it continued to grow 8.92 percent to about 22.82 million tons in 2011 to also become the largest PTA global consumer.

In 2012, worldwide new PTA production capacity is expected to reach 13.44 million tons, of which, more than 10 million tons of new capacity will come in China.

Fibre2fashion News Desk

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