Hoist imports & production to meet sky-high P-xylene demand
12 Jul '06
1 min read
Demand for paraxylene (PX) in the country is much higher than what is available through domestic production as well as imports.
In 2005, domestic consumption in China touched 8.45 M tons mark, while the domestic production and imports could fulfill only 28 percent of this quantity.
This demand and supply situation in the country serves as a perfect example of its progress and potential.
China has become the largest exporter of textile products in the world and is expected to expand much further.
The extra-ordinary growth of polyester industry is one of the major reasons of insufficient supply of P-xylene.
Imports of purified terephthalic acid (PTA), one of the main downstream products from p-xylene, totaled to over 6.491 M tons last year.
Domestic production capacity of PX is likely to soar by more than 4.1 M tons, by 2008.
However, experts believe that to meet the rising demand of China, imports also need to go up, atleast 2.5 M tons by 2010.
marketing@alchempro.com
