Asia PX – Defying expectations——Bohan Loh, market editor, Argus
2015-04-09
Mr. Loh analyzes in his report the current operating status of Asian PX and PTA. PX margins are healthy but PTA is in deficits. PTA operating rates have dropped and about 9.5 mnt of PX supply came online in 2013-2014 but PX supply was not without problems in 2014. Then Mr. Loh introduces condensate as a raw material of PX with the list of future expansion plans of PX, he forecasts the short-tem supply and demand outlook for PX. At last, he analyzes the key drivers and PX market and predicts PX price trends.