After a quiet period in new polyester polymer capacity during most of 2015 and 2016, things will heat up again this year and early next. Following Zhejiang Wankai’s startup of its new 500 ktpa polyester resin facility, Hainan Yisheng and Jiangyin Chengsheng have initiated production at two new polyester polymer plants last month which bring an addition 850 ktpa capacity to the Chinese market. One can easily see how this quantity of new capacity will strain a market that consumes 4.4 million tons.
Even considering Chinese exports of 1.4-1.7 million tons the new capacity will be impactful. However, this new capacity is just scratching the surface of what will follow in the remainder of the year and early into 2018. What additional quantities are coming?
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