17 March 2009 11:09 [Source: ICIS news]
HONG KONG (ICIS news)--China’s polyolefins demand may improve from the second half of this year due to low interest rates and increased credit liquidity, a senior official of the Guangdong Plastics Exchange said on Tuesday.
“I think polyolefins demand and hence prices may hit the bottom and start rising again some time between the second half this year or the first quarter of next year,” the exchange’s vice president Cai Hong Bing said in Mandarin.
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Commodity prices typically track changes in the money supply and there’s typically a time-lag of 6-12 months between the two, he said.
The Guangdong Plastics Exchange offers a range of petrochemical-related services, including an online trading platform for polyolefins and polyvinyl chloride (PVC).
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