Insight
Can China achieve self-sufficiency in paraxylene?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Large Chinese polyester producers are incentivised to build their own PX assets after reaching PTA self-sufficiency in 2016 as they wish to capture margins along the whole polyester value chain. China has built enough capacities by 2023 to reach PX self-sufficiency within this decade. However, the local supply will be insufficient to meet downstream demand in the long term because China’s PX expansion slows down together with refining investment, but future polyester investment will be concentrated in China. The energy transition will support China’s PX expansion by redirecting more feedstocks to aromatics production. The declining gasoline demand, accelerated by EV penetration, will prompt refineries to explore opportunities in the petrochemical business.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Policy shifts create new reality for India's polyester industry
How will GST reforms and US trade tensions reshape India's textile future?
$900
Insight
Autonomous vehicles are taking off: How will they impact energy markets?
New software and platforms mean that AEVs can achieve cost-parity with existing Transport-as-a-Service (TaaS) by 2027.
$1,250
Country Report
China iron ore supply summary
Lower prices, falling demand and competition from seaborne imports will cause Chinese iron ore supply to decline over the long term.
$6,750
