CHINAPLAS '12: Run rates of China’s mulch film units down in Apr

19 April 2012 04:49  [Source: ICIS news]

SHANGHAI (ICIS)--The plant operating rates of most Chinese mulch film producers fell dramatically in April, said a source from a producer in Shandong during the four-day Chinaplas exhibition in Shanghai which closes on 21 April.

The plant run rates were lowered largely because of the end of the peak production season in north China in March and limited orders amid poor market conditions, he added.

Even if they continue producing mulch film to maintain regular operation rates, most of the producers’ output will be held for stock inventories, the producer said.

Producers in Shandong said squeezed profits have also weighed down mulch film production.

April's mulch film prices were at yuan (CNY) 10,600-10,800/tonne ($1,683-1,714/tonne) and net profits at CNY300-500/tonne, according to the producers.

($1 = CNY 6.30)

By: Amy Yu

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