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12th chemical fibre forum pta industrial chain in depth

12th chemical fibre forum pta industrial chain in depth Source:
Date: 11-03-2013
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Ma Xiumei, Vice-General Manager, Yuandong Petrochemical presents the report named PTA industrial chain in depth.

Influencing factors analysis

Fragile balance in PX market

PX capacity expansion can not pull PTA and polyester out of the woes

Influence of futures on spot

Boom-recession cycle exists in every industry, and it rationalizes market investment. But under double influences from government guidance and players' over warmth of chasing high profit, it is not merely an over investment in PTA and polyester market, but a bubbling inflation.
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