Elimination acceleration! Industry competition is becoming increasingly fierce

  With a series of large PTA devices being put into operation, the overall production capacity of PTA has become very large, and industry competition has become increasingly fierce.
  At present, PTA leading enterprises continue to lower processing fees, seize market share, eliminate outdated production capacity, and most high processing cost devices have been eliminated. In recent years, PTA's newly put into operation devices are all advanced devices with a capacity of over 2 million tons from large factories, and the average processing cost in the industry has significantly decreased. In the future, with the increase of advanced production capacity, the average processing cost of internal devices for PTA production in the industry will decrease with production, and processing fees may remain at a low level for a long time.
  Therefore, in the context of oversupply, intensified industry competition, and decreasing profits, the survival of enterprises is undoubtedly difficult. Therefore, it seems that the choices of Ineos, Lotte, and Mitsubishi are also reasonable, whether it is to focus on divesting their main business, to survive, or to prepare for subsequent cross-border and other strategies.