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Rationalizing the US Paraxylene Market


Rationalizing the US Paraxylene Market

Report summary

On September 16th, BP confirmed a press report that it plans to permanently close one of the paraxylene lines at its Texas City Chemicals site in Texas. The asset in question (around 450 thousand tons of capacity by Wood Mackenzie estimates) has reportedly been idle for over a year because of lacklustre market conditions, and BP has deemed their resources would be better applied elsewhere. This inform covers a range of topics, including: details of the closure; pressures that the polyester chain, and this asset in particular, have been facing; and overall impact this will eventually have on global balances.

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  • Rationalizing the US Paraxylene Market PDF - 967.54 KB 2 Pages, 0 Tables, 1 Figures

Description

This Paraxylene Chemical Markets Inform report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With years of experience in the chemical markets industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

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