19 April 2012 17:10 [Source: ICIS news]
SHANGHAI (ICIS)--Polypropylene (PP) demand in China is expected to improve in late 2012, as the eurozone’s debt issues become resolved and the US economy shows signs of improving, a senior executive at Reliance Industries said on Thursday.
Indian energy and petrochemicals major Reliance Industries exported 300,000 tonnes of PP to China last year, according to Warren Wilder, president of the company’s polymers business.
Wilder was speaking at the company’s customer event at Chinaplas, a four-day exhibition in Shanghai, which closes on 21 April.
About 33% of Reliance’s PP exports last year headed for the China market, a company source said.
Additional reporting by Prema Viswanathan
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