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PTA (Pure Terephthalic Acid) Market Report, 2007-2008 (Chinese Version)
Research In China, September 2007, Pages: 110
In 2004, China's output of PTA reached 4.835 million tons. With the entry of private enterprises and foreign capital, PTA output expands rapidly. In 2005, the output was up to 5.895 million tons (the actual production capacity reached 6.035 million tons), leaving South Korea (5.76 million tons), Chinese Taiwan (4.94 million tons) and America behind. China's output of PTA only took a share of 20% in Asia in 2005, 25% in 2006, and the figure will be up to one-third (over 10 million tons) in 2007.
PTA supply in China is mainly from imports, private enterprises and Sinopec Group, and they accounted for 53%, 22% and 22% respectively in 2005. CNPC only took 3%. Yet, private enterprises and joint ventures will play a more important role in the future.
In 2005, PTA demand in China arrived at 12.14 million tons, taking 42% of the world's total demand (28.8 million tons). PTA output got to 5.65 million tons and, imports 6.495 million tons. The degree of dependence on imports was 54%. The demand still keeps growing, and the demand & supply of PTA will be hardly balanced in the next few years. Moreover, EG demand amounted to 5.102 million tons, a share of 45% of global demand. And EG output reached 1.1 million tons and four million tons were imported. The degree of dependence on imports was 80%.
In recent years, the annual increased consumption is between 1.3 million tons and 2 million tons. This led to the ever climbing prices in Asian markets. As of 2005, PTA consumption in China took one-third of global PTA consumption and 50% of total consumption in Asia. The net increase of PTA apparent consumption in 2001-2005 got to 6.67 million tons with an average growth rate of 22.05%. The added output was up to 2.3 million tons with an average annual growth rate of 24.47%. And the imported volume rose from 3.11 million tons in 2001 to 6.49 million tons in 2005 with an average growth rate of 20.12%.
95.6% of imported PTA in China is mainly from Asian Regions and, 4% is from North America and Europe. In Jan-Aug, 2006, China's import of terephthalic acid reached 4.86 million tons (up by 12.8% year-on-year) valued by USD 4.13 billion (a year-on-year rise of 20.4%).
1 PTA Manufacturing Technology and Development Trend in China
1.1 Status Quo of Technical Development
1.2 Technical Features and Development Trend
1.3 Comparison of Several Manufacturing Technologies at Home and Abroad
2 Overall Operation of PTA Market
2.1 Status Quo of Influence of the Economy on the Market
2.1.1 Overall Development of the Economy
2.1.2 Fixed Asset Investments in PTA Industry
2.1.3 Affects of Economic Environment on PTA Industry
2.2 Status Quo of China PTA Industry
3 Status Quo of PTA Market Supply
3.1 Production Capacity of PTA in China
3.2 PTA Output in China
3.3 Supply of PTA Enterprises in China
4 Status Quo of the Demand in PTA Markets at Home and Abroad
4.1 PTA Consumption at Home
4.1.1 Regional Consumption
4.1.2 Consumption Structure
4.1.3 Current Development of Downstream Consumption Fields
4.1.1 PTA Consumption Trend at Home in the Next Few Years
4.2 Substitution Products of PTA Industry
4.2.1 Performance of Substitution Products
4.2.2 Price of Substitution Products
4.2.3 Demand of Substitution Products
4.2.4 Development Trend of Substitution Products
4.3 PTA Planned Construction Projects and On-going Projects
5 Status Quo of PTA Import & Export Trade
5.1 Trade Price Trend
5.1.1 PTA Export Trade
5.1.2 Trend of PTA Imported and Exported Price
5.1.3 Trend of Domestic PTA Market
5.2 PTA Import & Export Trade
6 Major Enterprises
6.1 Xiamen Xianglu Fiber Chemical Co., Ltd.
6.2 Yizheng Chemical Fiber Co., Ltd.
6.3 BP Zhuhai Chemical Co., Ltd.
6.4 Zhejiang Hualian Sunshine Petro-chemical Co., Ltd.
6.5 Zhejiang Yisheng Petrochemical Co., Ltd.
7 Forecast of the Demand & Supply in PTA Industry in 2006-2008
7.1 Exterior Factors Restricting the Supply of PTA Industry
7.1.1 Policy Influences
7.1.2 Factors Affecting the Supply of Upstream Raw Materials
7.1.3 Factors Affecting Downstream Consumption Demand
7.2 Forecast of the Demand & Supply in Domestic PTA Industry in 2006-2008
7.2.1 Forecast of PTA Supply
7.2.2 Forecast of PTA Demand
7.2.3 Forecast of PTA Import & Export
8 Investment Opportunities and Risks in Domestic PTA Market
8.1 Competitiveness of PTA Market
8.1.1 Competitiveness of Existing Enterprises
8.1.2 Bargaining Ability of Suppliers
8.1.3 Bargaining Ability of Downstream Clients
8.1.4 Threat of Substitution Product
8.1.5 Threat of Potential Entrants
8.2 Investment Opportunities in PTA Market
8.3 Investment Risks in PTA Market
China's GDP and Growth Rate, 2002-2006
Fixed Asset Investments and Growth Rate, 2002-2006
Comparison of Correlation of Domestic PTA Product to Crude Oil Price
Changes in PTA Production Capacity in China, 1995-2006
PTA Output, Jan-Dec 2006
Trend of PTA Output in China, 1995-2006
Production Capacity Distribution of Chinese PTA Producers, 2006
Trend for PTA Outputs of Sinopec and CNPC, 2003-2006
PTA Output and YoY Growth of CNPC, 2003-2006
PTA Output and YoY Growth of Sinopec, 2003-2006
PTA Apparent Consumption in China, Jan-Dec 2006
Concentration Ratio of PTA Import by Province
China PTA Industry Chain
Trend of Polyester Production Capacity in China, 2000-2006
Polyester Output in China and Dependence Degree, 2003-2007Q1
Changes in Polyester Operating Rate, 2006
Polyester Apparent Consumption in China, 2003-2007Q1
Investments in PTA Production Capacity in Mainland China, 2007
Proportions for Imported PTA by Trade Pattern, 2006
Trend of PTA Imported Unit Price, Jan-Dec 2006
Trend of PTA Imported Unit Price, 2001-2006
PTA Price Trend in China, Jan-Dec 2006
PTA Imported Volume and YoY Growth in China, 1995-2007(Jan-Apr)
PTA Imported Volume in China, 2006-Apr 2007
Regional Distribution of China's PTA Imports, 2006
China's Imported PTA Volume from Asia, Jan-Dec 2006
Proportions for China's PTA Import by Region, 2005
China's PTA Exported Volume, 2003-2006
PTA Import of Europe from China, Jan-Dec 2006
Analysis of Correlation of Domestic PTA and Crude Oil Price
Curve Fitting of China's PTA Output, 1995-2006
Forecast of PTA Output in China, 2007-2008
Forecast of PTA Apparent Consumption in China, 2007-2008
Forecast of PTA Import Volume, 2007-2008
Quality Indices of PTA and EPTA Products
Manufacturing Cost of Main PTA Techniques
Urban Fixed Assets Investment and Growth Rate by Industry, 2006
Newly Added Production Capacity by Fixed Assets Investment, 2006
Fixed Assets Investment in China Petrochemical Industry, Jan-Dec 2006
Statistical Production Capacity of PTA Producers in China, 2006
PTA Output in China, 1995-2006
PTA Output of SINOPEC and CNPC, 2003-2006
PTA Output of SINOPEC and CNPC, 2003-2006
PTA Apparent Consumption in China, 1995-2006
Polyester and PTA Consumption in China, 1994-2006
PTA Imported Average Unit Price, 2001-2006
China's PTA Imported Volume, 1995-2007(Jan-Apr)
PTA Imported Sources of China (by Country), 2004-2006
China's PTA Imported Volume and Capital by Country, Jan-Apr 2007
Top 12 Regions in China by PTA Import, 2006
PTA Exported Volume in China, 2003-2006
China's PTA Exported Destinations, 2006
-Xiamen Xianglu Fiber Chemical Co., Ltd.
-Yizheng Chemical Fiber Co., Ltd.
-BP Zhuhai Chemical Co., Ltd.
-Zhejiang Hualian Sunshine Petro-chemical Co., Ltd.
-Zhejiang Yisheng Petrochemical Co., Ltd.