20 April 2012 08:08 [Source: ICIS news]
SINGAPORE (ICIS)--China Resources Packaging has started its new 300,000 tonne/year polyethylene terephtalate (PET) bottle chip unit at ?xml:namespace>
The producer’s remaining two PET units with the same capacity at
The specific date for the start-up at the two units has not been finalised yet, the source added.
The country’s total PET bottle chip capacity will increase by nearly 20% after the three units come on line, according to Chemease, an ICIS service in
The spot prices of PET bottle chip in domestic market have been dropped because of the over-supply situation in April, a market player said.
The spot prices of PET bottle chip were at yuan (CNY) 10,900-11,000/tonne ($1,727-1,743/tonne)
($1 = CNY6.31)
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