CHINAPLAS ’12: Chinese PP demand expected to increase in late 2012

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

By: Chow Bee Lin
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly