Indian PP exports to peak at 1.3m tonnes 2010-11

17 November 2009 16:04  [Source: ICIS news]

MUMBAI (ICIS news)--Indian polypropylene (PP) exports are likely to peak at 1.3m tonnes in 2010-2011, up from 820,000 tonnes in 2009-2010, said an industry executive on Tuesday.

India exported around 205,000 tonnes of PP in 2008-2009.

India has around 40% surplus capacity after the commissioning of two new PP lines by Reliance Industries this year, said Ajay Shah, senior vice president of the company’s PP business, at the Indian Petrochem 2009 conference.

The surplus would increase after Indian Oil Corp commissions 600,000 tonnes/year of capacity in 2010, Shah said.

Indian PP demand was projected to grow by 13% in the year ending 31 March 2010 to reach 2.045m tonnes, he said. With the average rate of growth projected at 10%/year over the next five years, demand was expected to hit 3.965m tonnes in 2014-15.

The key growth drivers would be the packaging, automotive, medical and infrastructure sectors, said Shah.

The Indian Petrochem 2009 conference, being held in Mumbai, ends on Tuesday.

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By: Malini Hariharan
+65 6780 4359

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