European PTA export target moves eastward 2019-11-12
Author: Pang Xiao Source: China Chemical Industry News November 2019 11 Japan News recently new network, Platts said in a report, affected by weak demand in Europe, the European purified terephthalic acid (PTA) producers are Actively seek to transfer to the Asian market, mainly focusing on India and China's export opportunities. Chinese customs data show that in September, Europe exported 22,992 tons of PTA to China, and the exporting countries were Belgium and Portugal. However, the European PTA exports to China are usually zero or negligible. Similarly, Indian customs data shows that India imported 9001 tons of PTA from Belgium in July, which is an uncommon source of PTA imports in India, and 11987 tons in August. BP is the only PTA producer in Belgium with a total production capacity of 1.4 million tons/year, while Portugal has only one set of 700,000 tons/year
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