31 October 2012 11:10 [Source: ICIS news]
By Chow Bee Lin
“Our suppliers in
Iran is estimated to have a nameplate PE capacity of 3.8m tonnes/year and its domestic demand is barely a third of the total at around 1.1m tonnes/year, according to industry sources.
The proposed export bans, if implemented, would not apply to PE plants located in the special economic and free trade zones in
“We were told that the main Iranian exporters to
These key Iranian PE exporters include Arak Petrochemical, Jam Petrochemical, Arya Sasol, Laleh Petrochemical , Marun Petrochemical and Amir Kabir.
Trading of Iranian PE resin was business as usual in the Chinese domestic market, despite news of the proposed export bans, Chinese traders said.
“Our shipments from
The bulk of
Additional reporting by Amy Yu, Rain Dong, Ong Sheau Ling
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