Corrected: China’s Shenhua Ningxia switches to copolymer PP output in Jan

11 January 2012 08:22  [Source: ICIS news]

Correction: In the ICIS news story headlined "China’s Shenhua Ningxia switches to copolymer PP output in Jan" dated 11 January 2012, please read in the second paragraph ... 500,000 tonnes/year ... instead of ... 50,000 tonnes/year .... A recast of the second paragraph was also done to ensure clarity. A corrected story follows.

SINGAPORE (ICIS)--Shenhua Ningxia Coal Industry will be producing 5,000 tonnes of copolymer polypropylene (PP) this month at its facility in northwestern China to take advantage of current high prices of the product, a source close to the company said on Wednesday.

The company’s 500,000 tonne/year plant at Ningxia has been producing PP yarns, but will switch to copolymer PP production for five days in January this year, the source said.

Copolymer PP prices in China had fluctuated between yuan (CNY) 10,250-13,700/tonne ($1,624-2,171/tonne) EXWH (ex-warehouse) last year, according to Chemease, an ICIS service in China.

This kind of co-polymer PP can be used in battery shell, among others.

PP yarn prices in the domestic Chinese market, meanwhile, hit a high of CNY12,900/tonne last year, Chemease data showed.

($1 = CNY6.31)

By: Amy Yu

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