12 November 2009 11:16 [Source: ICIS news]
SHANGHAI (ICIS news)--China’s polyolefins markets will not suffer from overcapacity next year despite new domestic capacities coming on stream, a senior industry official said on Thursday.
“Therefore, the start-up of domestic new plants will reduce our dependence on the imports, but it will not lead to domestic overcapacity,” Liu said in Mandarin on the sidelines of a press conference for Chinaplas 2010, due to be held in Shanghai from 19-22 April next year.
Sinopec and SABIC’s joint-venture petrochemical complex will start up its polyolefins plants by the first quarter of next year.
Sinopec subsidiary Zhenhai Refining & Chemical Co (ZRCC) was also due to start its polyolefins plants early next year.
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