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China's rapid expansion of PTA and PX capacity has reshaped the global polyester supply chain entering Q3 2026. While Gulf PX supply gradually returns, Chinese overcapacity continues to pressure export prices, creating new opportunities and challenges for buyers across Asia.
HPCL's Pachpadra petrochemical complex — confirmed as targeting Q4 2026 startup for its polymer units
PVC remains the weakest major polymer market in mid-2026 as construction activity struggles to regain momentum. While supply constraints have eased across Asia, soft converter demand continues to pressure pricing, inventories and procurement strategies.
