Fibre applications compensate for overall slowdown / Surplus tendency with paraxylene / PTA more balanced / Excessive increase in MEG capacities
Despite all the restrictions caused by ongoing trade conflicts, the use of polyester fibre worldwide increased last year by nearly 5%. In the key production country, China, for example, capacities rose 6.2% and production by as much as 7.5%. Turkey and Vietnam purchased increasingly large quantities of fibres from China, reports Wood Mackenzie. Global polyester production in 2019 rose to around 85m t compared with 60m t in 2014. The British market research firm expects to see further growth to 90m t... (17.01.2020)