PTA plays a supporting role in the healthy development of global polyester

At the high quality development conference of China PTA industry, Jiang Shicheng, academician of Chinese Academy of engineering, said in his speech that PTA, as one of the basic raw materials of textile industry, is the most important raw material of chemical fiber industry. More than 95% of PTA in the world is used to produce polyester, which plays an important supporting role in the healthy development of global polyester industry chain. According to Jiang Shicheng, looking back on the development of PTA industry in China, since 2006, private enterprises have entered PTA industry, and the supply structure has improved; in 2011, the production capacity has increased rapidly, and gradually entered the stage of relative overcapacity, and the industry competition has become more obvious; since 2015, PTA industry has entered the stage of integration, and the production capacity growth has slowed down. At present, China has become the largest PTA production and consumption country in the world. In 2018, the effective capacity of PTA in China reached 45.79 million tons / year, the output was 40.8 million tons, and the self-sufficiency rate was 99.8%. The industry giants such as Hengli, Rongsheng, Tongkun, Hengyi, Shenghong, and xinfengming were formed, and the overall situation of the industry was good. For a long time, there is a big gap in the domestic production capacity of PX, the upstream raw material of PTA. In recent years, with the breakthrough of PX key technology and the decentralization of project approval authority, PTA enterprises have arranged the integrated development of refining - Px - PTA - polyester - chemical fiber, and new PX projects have been put into production, which will gradually alleviate the supply shortage of PX in China. In addition, with the gradual recovery of polyester industry in China, the demand for PTA is increasing, which improves the investment enthusiasm of PTA industry in China. In order to further consolidate the advantages of PTA production capacity and scale, and enhance the comprehensive competitiveness of polyester chemical fiber industry chain, Yisheng, Hengli, xinfengming and other enterprises have successively expanded PTA production capacity scale, which not only enriches the raw material supply of polyester industry in China, but also provides stable raw materials for the downstream polyester chemical fiber industry, reduces the risk of chemical fiber raw material price fluctuation, and is conducive to the continuous stability of polyester industry chain in China. Development. At the same time, with the rapid development of PTA industry, more and more industries, such as equipment, finance, futures and so on, pay attention to the development of PTA industry.