02 June 2009 06:11 [Source: ICIS news]
By Chow Bee Lin
SINGAPORE (ICIS news)--Competition is set to heat up in China, the worlds’s largest importer of polyethylene (PE) and polypropylene (PP), as imports are expected to pour in between July and August due to the onslaught of new capacities and the arrival of arbitrage cargoes, industry sources said on Tuesday.
More PP supplies were expected to come from Reliance’s new plant in
Fresh new PE supplies were expected to come from Petro Rabigh and Saudi Ethylene and Polyethylene (SEPC) in
Furthermore, arbitrage cargoes from the
These high levels of imports were not seen since early 2000, Chinese traders said, compounding fears that there could be a deluge of supplies heading to the mainland.
Middle East PP supplies made significant inroads in the
China’s low density PE (LDPE) imports also registered a marked shift in terms of supply origin, as the Former Soviet Union (FSU) almost trippled its exports to 76,647 tonnes, becoming the second top LDPE exporter to China replacing South Korea. FSU was the fourth top LDPE exporter to
Increased polymer resin supply is expected to exert downward pressure on prices in
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