PX project, production equipment, production capacity release
Para-xylene (PX) is important Organic chemical raw materials, mainly used to produce purified terephthalic acid. my country’s production and consumption of PX account for 20% and 30% of the world’s total respectively, ranking the highest in the world. In recent years, due to the rapid development of the domestic polyester industry, the demand for its upstream raw material – purified terephthalic acid (PTA) has increased significantly, which in turn has driven the rapid increase in demand for PX, the upstream raw material of purified terephthalic acid, thus As a result, the domestic PX market is severely in short supply and a large number of products are imported.
China PX Project Summary Table
China PX production equipment status table
China’s PX production capacity launch plan in 2019 Table
PX device will be put into production before the first quarter of 2020
PTA equipment will be put into production before the first quarter of 2020
Overview of future PX supply and demand in South China
List of future new PXs in South China
PX Industry Map
Distribution map of 13 PX projects across the country
Within mainland China There are 13 PX production companies and 16 production units, mainly concentrated in PetroChina and Sinopec. The largest one is the 1.70 kt/a project of Dalian Fujia Petrochemical Co., Ltd.
In addition, according to incomplete statistics, there are currently 15 PX projects under construction or planned in China. By 2020, it is expected that my country will add 30 million tons/year of PX production capacity , of which 17.7 million tons/year may be concentrated in 2019.
Polyester maintenance is expected to rise, and demand will gradually weaken
The profits of polyester production are divided, and most filament varieties are profitable. Currently, among polyester products, in addition to polyester chips and polyester filament FDY, which are at a loss, polyester bottle chips, polyester filament POY, and polyester filament DTY are all profitable. This is mainly because the price of PTA fell sharply in the early stage. For polyester, its production efficiency has been improved due to the decline in raw material costs. Therefore, the original market expectation of a gradual weakening of polyester load starting from late October did not occur.
Polyester recent maintenance plan
Terminal gray fabric inventory has accumulated slightly, and weaving The machine load will begin or gradually weaken in December, and the upward negative feedback of polyester is expected to gradually begin. As of November 25, the inventory of gray fabrics in Shengze area reached 38.5 days, which means that terminals have ended the slow destocking and turned to a slight accumulation. Generally speaking, terminals are currently rushing to process overseas Christmas orders, but with the gradual reduction of orders starting in December, the corresponding loom load in Jiangsu and Zhejiang is expected to begin to decline. The decrease in loom load will lead to a decrease in polyester unit load, ultimately leading to weaker PTA demand.
Polyester load may weaken significantly in late December. The original expectation that polyester maintenance will increase in late October has been postponed due to the performance of raw materials and terminals. According to the current equipment maintenance plan, polyester maintenance will increase this week. Especially from late December to January, polyester equipment has a large number of area maintenance plan, so we expect polyester loads to weaken significantly from late December to January, and PTA demand will also weaken accordingly. </p
