Pet Producers Cut Tide Over The Crisis In Asia
Right now, the manufacturer of PET bottle grade chips in Asia is working with the
continuing rise in raw material costs and weakening demand for hard battle. Northeast Asia, a producer said in PET bottle grade chips business seven years, not worse than the current situation encountered.Affected by the upcoming northern hemisphere winter, the bottled beverage market demand, PET bottle grade chips along with the market weakness. Most manufacturers said that such a predictable seasonal demand for affordable off-season, fine chemicals suppliers, but recently purified terephthalic acid and ethylene glycol abnormal prices of raw materials is surprisingly strong.
In early September, the price rose to $ 1,336 in Asia (ethylene glycol) (t value, the same below, CFR, China, the letter of credit 90 days), the highest 44 months since a new high. Ethylene glycol prices, CAS 12018-10-9, mainly due to strong supply from the support of China Taiwan. Meanwhile, PTA prices reached $ 1,363 (CFR, China, letters of credit 90 days), the price of the firm from the raw material prices for xylene. In this price based on, PET production break-even point for $ 1,776.42.
South Korean manufacturers currently provide the majority of September PET bottle grade chips offer of $ 1,760 (FOB, Korea), lower than the cost of production, KP Chemical Company reported a $ 1,730 or even cheap. KP Chemical Company in Ulsan plant has two sets of PET bottle grade chips, for a total capacity of 440,000 tons / year. The company said that customers would not even accept the $ 1,700 (FOB, Korea) price, it reported 1750 ~ $ 1760 price is meaningless.
In this market environment, some manufacturers cut choice. South Korean manufacturer of PET bottle grade chips, said by the market downturn, the outlook will cut production. A major Chinese manufacturer of PET bottle grade chips Sanfangxiang Jiangsu in late August, the company will be located in Jiangyin continuous polymerization of PET production line operating rates down to 90% in early September and further to 75%. Sanfangxiang with PET bottle grade chips production capacity 1.2 million tons / year, in Jiangyin, Copper ChromiteCC , Jiangsu operates seven production lines, including five production lines of the design capacity of 200,000 tons / year, another two production lines of the design capacity of 10 tons / year. According to the company, said a person familiar with the company to increase production when it is still not clear, this will depend on market conditions, including raw material costs. Source: www.mhcfm.com
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