In China, supply/demand of PTA tight
In the China purified terephthalic acid (PTA) market, derivative makers tend to raise operation rates of facilities in the high-demand season for polyester during March to May. The present operation rates are at an average of around 85-90% of capacity. Further, many derivative facilities are scheduled to start up in 2025. Under such circumstances, buying interest for PTA from derivative makers is strengthening. On the other hand, a number of PTA facilities are undergoing turnaround recently, which generates perceptions of tight supply/demand fundamentals.
Turnaround for PTA facilities is as follows.
|
Status of PTA facility |
||
|
Company |
Capacity (mil mt/year) |
Turnaround period |
|
Yisheng PC |
2.00 |
Suspended from end-Jan. Restart timing unclear. |
|
Jiangyin Hanbang |
2.20 |
Two months from Jan 6. |
|
Hengli Huizhou |
2.50 |
Suspended from Feb 15. Restart timing undecided. |
|
Hainan yisheng |
2.50 |
Feb 14-Mar 7 |
|
Hengli PC |
2.20 |
15 days from Mar 1 |
|
Yizheng PC |
3.00 |
15 days from Mar 3 |
|
Yishengdahua |
3.75 |
One month from Mar 15 |
|
Sanfangxiang |
1.20 |
Turnaround planned from Mar |
|
Sichuannengtou |
1.00 |
One month from Apr |
|
Hainan yisheng |
2.00 |
Two months from Apr 5 |
|
Fujian baihong |
2.50 |
mid-Apr |
|
FCFC Ningbo |
1.50 |
May |
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