18 October 2011 07:05 [Source: ICIS news]
By Amy Yu
Consumption of the material from downstream industries weakened significantly amid a domestic credit crunch, as
The country consumed 15.2m tonnes of PP in 2010, of which 4.8m tonnes or about 32% were imported, data from Chemease showed. This year, Chemease expects China to take in 3% less PP from abroad at 4.66m tonnes.
Many plastic resins manufacturers and traders in
With the country’s major export markets – the
Meanwhile, China's PP output is estimated to rise by 10% to 11.4m tonnes this year, slowing from a 28% increase in output last year at 10.3m tonnes, according to Chemease. Of the total PP output in 2010,
In May-July this year, a shortage of feedstock forced some PP producers in
The supply of feedstocks ethylene and propylene was low in those months as
China has a PP design capacity of 12.7m tonnes as of last year. This is expected to increase by 12% in 2011 to 14.2m tonnes, industry sources said.
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