Global Chemicals:The polyester trade;EM stocks driven by DM capacity

PET capacity expansions likely to disrupt North American market.

    M&G Chemical (not listed) plans to start up its Corpus Christi plant in the US laterthis year, adding annual capacity of 1.1mn tons of PET and 1.3mn tons of PTA,representing increments of c25% and 28% respectively to the existing capacity base