Abstract
Obtained through oxidation ofρ-dimethylbenzene, PTA （standing for Pure Terephthalic Acid） is mainly used in the production of polyethylene terephthalate （PET）, polypropylene terephthalate （Pp.d.TT） and polybutylene terephthalate （PBT）.

In the recent years, the world PTA production has kept growing rapidly, and the production capacity increased from 18.22 million tons in 1997 to 26.12 million tons in 2002, at average annual growth rate of 7.5%. Meanwhile, the output went up from 16.71 million tons to 24.94 million tons at average annual growth rate of 8.3%.
In 2002, the increment of the world PTA production capacity was 1.07 million tons, 4.3% up over the year 2001. The output rose by 2.13 million tons, a 9.3% increase over the previous year.

With the speedy growth of demand, China PTA production has been increasing at a substantial pace. In 2002, China PTA production capacity amounted to 2.6 million tons, 72% more than that in 1997, the annual growth rate during the period was as high as 11.5%; meanwhile the output reached 2.36 million tons, 55% over 1997 with average annual growth rate of 9.2%. Moreover, due to the pressure of demand, most of the domestic production equipment is operating with full swing, and the average utilization of capacity surpassed 100%.

As the output is far behind the demand, China imported a large amount of PTA each year to satisfy domestic requirement, which takes more than half of domestic market. In 2002, China imported 4.3 million tons of PTA, increased as high as 38% over the previous year. The average annual growth rate of PTA import in the past 5 years reached 28%, much higher than those of both production capacity and output.
In view of the sustainable and substantial demand for PTA, a lot of domestic and foreign investors are planning to build PTA facilities in China. According to current statistics, China will obtain additional several million tons of production capacity from 2003 to 2005 so that the tension of insufficient supply will be greatly released.
Based on related prediction, China PTA demand will top 9.2 million tons in 2005. Although the domestic production capacity will increase dramatically, 2 million tons of PTA is expected to import to satisfy the domestic demand.

Contents
1. Situation of the Industry
2. World PTA Supply and Demand Situation and the Development Trend
2.1. Current Situation of World PTA Supply and Demand
2.2. World major PTA enterprises
2.3. World PTA major application sectors and consumption regions
2.4. World PTA Trade Situation
2.5. Forecast on the world PTA supply and demand
2.6. World PTA Extension Plans
2.7. Forecast on the world PTA consumption profile
3. China PTA Supply and Demand
4. China PTA Consumption Analysis
4.1. Profile PTA consumption
4.2. Polyester industry
4.3. PBT
4.4. Major PTA consuming enterprises
5. PTA Production in China
5.1. Major enterprises
5.1.1. Xiamen Xianglu Petrochemical Co., Ltd.
5.1.2. SINOPEC Yizheng Synthetic Fiber Co., Ltd.
5.1.3. SINOPEC Yangzi Petrochemical Co., Ltd.
5.1.4. Zhuhai Biyang Chemical Co., Ltd.
5.1.5. Luoyang Petrochemical Co., Ltd.
5.1.6. Tianjin Petrochemical Co., Ltd.
5.1.7. SINOPEC Shanghai Petrochemical Co., Ltd.
5.1.8. CNPC Liaoyang Petrochemical Branch Co.
5.1.9. CNPC Urumqi Petrochemical Branch Co.
5.1.10. Jinan Qilu Group Synthetic Fiber Co., Ltd.
5.2. PTA projects under construction and under planning
6. China PTA Import and Export
6.1. Major import origin countries and regions
6.2. Trade mode of PTA import in China
6.3. Major consuming provinces and regions of import
6.4. Import CIF
7. China PTA Price Analysis
8. China PTA raw material supply and demand analysis
8.1. Supply and demand situation
8.2. PX production in China
8.3. China PX import & export analysis
8.4. PX projects in the planning or under construction in China
9. China PTA Related Policy and Regulations
9.1. Policy on foreign investment
9.2. Tenth Five Year Plan
9.3. Tariff policy
10. Risk in China PTA Investment and Recommendation
10.1. Risk in PTA construction
10.1.1. Material supply
10.1.2. Competition coming from surrounding countries and regions
10.1.3. Approval schedule
10.1.4. Other risks
10.2. Suggestion for PTA investment in China
10.2.1. Material supply
10.2.2. Set up solid relationship with downstream users
10.2.3. Obtain approval ASAP by the State Development and Reform Committee
10.2.4. Enough technical force
10.2.5. Right project location
Appendix 1 Name List of Major Importers
Appendix 2 Name List of Major Exporters

Tables
Table 1 PTA supply and demand of major countries and regions in 2001
Table 2 World major PTA enterprises in 2002
Table 3 World PTA Trade Situation from 1998 to 2002
Table 4 Forecast on the world PTA supply and demand
Table 5 World PTA project plans from 2003 to 2005
Table 6 PTA supply and demand situation in China 1997-2002
Table 7 Forecast on China PTA supply and demand
Table 8 China major polyester producing enterprises in 2002
Table 9 China major PTA enterprises in 2002
Table 10 PTA facilities under construction or under planning in China
Table 11 Major PTA import origin countries and regions in 2002
Table 12 PTA import trade mode in China
Table 13 Geographic distribution of PTA import in China
Table 14 Domestic PTA price 2001-2002
Table 15 PX supply and demand situation in China from 1997 to 2002
Table 16 China PX facilities profile in 2002
Table 17 China new PX project and renovation project planning
Table 18 PX production in China

Figures
Figure1 World PTA application Profile in 2002
Figure2 Asian PTA application Profile in 2002
Figure3 Geographic distribution of global PTA consumption in 2002
Figure4 Geographic distribution of World PTA trade by volume in 2002
Figure5 Geographic distribution of import destinations of the world trade PTA by import volume
Figure6 Geographic distribution of export origins of world PTA trade by export volume
Figure7 Forecast on the world PTA consumption Profile in 2007
Figure8 Forecast on PTA consumption profile in Asia in 2007
Figure9 China PTA capacity utilization rate from 1997 to 2001
Figure10 China PTA import dependence ratio from 1997 to 2002
Figure11 China PTA consumption profile in 2002
Figure12 Forecast on China PTA consumption profile in 2005
Figure13 Geographic distribution of PTA import by origin in 2002
Figure14 Geographic distribution of PTA import by origin in 2001
Figure15 PTA import trade mode in China in 2002
Figure16 PTA import trade mode in China in 2001
Figure17 Geographic distribution by PTA import in China in 2002
Figure18 Average CIF of PTA import 1997-2002
Figure19 Comparison of import CIF by origin countries and regions in 2002
Figure20 China PTA price in 2001 and 2002
Figure21 China PX import origin countries / regions in 2002
Figure22 CIF of PX import of China