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China is transforming the global petrochemicals market; paraxylene importers will be impacted
For 20 years, the polyester chain has grown quickly, with strong trade flows of paraxylene into the global production hub, China. But how will China’s new paraxylene capacity transform the global aromatic market? Now China is investing in domestic aromatic production capacity, but how will markets respond? Will global demand be enough to keep prices buoyant? Will current leaders lose share to a new wave of Chinese paraxylene?