A significant amount of new paraxylene capacity was installed in 2014. A key feature of the market in the past 12-18 months has been its ability to generate higher than expected margins against nameplate utilization rates of less than 80%.
In the second quarter of 2016, the factors that boosted producers' margins are starting to fade, and market economics are shifting in favour of paraxylene consumers.
In advance of APIC and our Asia Polyester, Nylon and Feedstocks conference, three of our analysts will examine the outlook for chemicals markets, considering the implications of upstream feedstock trends on midstream supply and demand and downstream market economics.
In the first of these updates, PCI Wood Mackenzie Vice President of Consulting Steve Jenkins, discusses paraxylene supply and demand in Asia.
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With 30 years’ experience working in global chemicals markets, our team has extensive knowledge that spans the chemicals, polymers and fibres value chain.
Our independent analysis offers broad but focused perspectives that allow you to:
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We cover almost the entire chemicals sector, including xylenes and polyester, fibres and nylons, PET packaging, engineering plastics and films.
PCI Wood Mackenzie at APIC
Sushant Gupta, Research Director – Refining & Chemicals Asia Pacific will be speaking at APIC on "Crude Oil price – where is the bottom?" at the General Matters and Raw Materials session on Friday, 20 May 2016 at 3.10pm. His presentation will include:
- Crude oil market fundamentals OPEC vs non OPEC
- Oil supply and policy risks
- Impact on feedstocks for the Asian chemical industry – LPG/Naphtha/condensates
- Key risks and uncertainties
Please click here for more information.
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Our research team will also be available for face-to-face discussions, to share opinions and supporting data, and to hear analysis that can support your decision making. To find out more or to book a meeting with one of our analysts, click here.