15 May 2009 09:32 [Source: ICIS news]
SEOUL (ICIS news)--Taiwan’s plastics demand is expected to shrink by up to 6.9% this year due to the global economic downturn, the Petrochemical Industry Association of Taiwan (PIAT) said in a report on Friday.
In a presentation at the 9th Asia Petrochemical Industry Conference in ?xml:namespace>
“We believe it’ll take time for PVC demand to recover in various applications,” the association said.
However, PIAT said it believed that
Plastics end-users were expected to choose virgin grade PE over recycled material as the prices of virgin grade PE were lower as compared to the prices in 2008, it said.
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