China’s Zhejiang Hongji Petrochemical runs new PP plant at 50%

01 September 2011 13:49  [Source: ICIS news]

SHANGHAI (ICIS)--China’s Zhejiang Hongji Petrochemical is running its new 120,000 tonne/year polypropylene (PP) plant at 50% after a test run in July, a company source said on Thursday.

The plant, which now has an output of 150 tonnes/day, is the first phase of a 300,000 tonne/year PP project, the source added.

“We purchased import or domestic propylene cargoes as the feedstock for the PP plant and the PP products from the new plant are currently supplied to Wenzhou of Zhejiang province, east China,” the source said.

The source said construction is expected to begin later this year on the second phase, which will have a capacity of 180,000 tonnes/year.

Hongji Petrochemical offered the powdered PP cargoes at yuan (CNY) 12,300/tonne ($1,928/tonne) ex-works on 1 September and they sold well, said the source.

The local ex-works offer for powdered PP cargoes was averaged at CNY 12,500/tonne in Jiangsu and Zhejiang provinces on 1 September, according to Chemease, an ICIS service.

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By: Belle Huo
+44 20 8652 3214

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