IHS Chemical Week

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Massive p-xylene expansions underway in South Korea

3:39 PM MST | March 3, 2014 | —Clay Boswell

A wave of new para -xylene ( p -xylene) capacity, aimed at supplying feedstock to Chinese producers of purified terephthalic acid (PTA), is surging into South Korea. Demand is not growing as quickly, however, and plants coming to the Mideast and Southeast Asia will compound the problem. Although prices should hold up, operating rates will fall; margins will collapse; and older, less competitive plants will have to shut down, according to a new report, The IHS Chemical World Analysis—Paraxylene 2014. “The me too attitude has created a huge...

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