According to IHS Chemical ‘s latest research report “World of paraxylene 2014 analysis ,” said for China purified terephthalic acid (PTA) market a new round of paraxylene (PX) expansion in South Korea in full swing , but the market demand difficult to synchronize the rapid growth, coupled with the Middle East and Southeast Asia will also put some of the new PX production capacity, the world will increase the degree of excess PX . PX industry will face in the future operating rates and margins as well as a new round of restructuring , outdated equipment and less competitive device will have to close . Continue reading →