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Aromatics and Fibers 2019 Strategic Issues

08 April 2019 Duncan Clark

What are the top challenges that the aromatics & fibers industry are facing?

In 2019, China will roll out its China VI gasoline specification nationwide, which calls for reduced benzene, olefins and aromatics content. IMO implementation in 2020 will lift octane values for aromatics. Octane forms the cost floor for aromatics products and is prone to spiking during periods of strong gasoline demand. The paraxylene market will experience a severe decline in average operating rates over the next two years as Chinese PTA and polyester companies back integrate into large scale paraxylene capacities integrated with their own refineries.

What are the market implications around these strategic issues?

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IHS Markit closely monitors and analyzes the global aromatics & fibers market giving you the visibility needed to make confident strategic decisions.

The Market Advisory Services provide accurate current near-term market data and analysis while our World Analysis improves your planning and forecasting by understanding the long-term outlook in shifting markets with supply, demand, global capacity, price, cost and margin analysis.

With a market full of challenges and opportunities, ease your workflow with actionable insight to help you dig even deeper into your business.

Posted 08 April 2019 by Duncan Clark, Vice President, Aromatics & Fibres, IHS Markit

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