22 February 2013 09:34 [Source: ICIS news]
SINGAPORE (ICIS)--China’s domestic polypropylene (PP) capacity is estimated to increase in 2013 on back of some expansions at PP plants, industry sources said on Thursday.
According to Chemease, an ICIS service in China, domestic PP capacity in 2012 is around 12.0m tonnes/year in China. It is estimated to go up by 18% to around 14.2m tonnes/year in 2013.
Xuzhou Haitian Petrochemical in Jiangsu started up its new 200,000 tonne/year PP plant on 24 January, a company source said.
Ningbo Heyuan Chemical in Zhejiang started up its new 400,000 tonne/year PP plant in February, a company source said. The plant was said to have a capacity of 300,000 tonnes/year previously.
Luoyang Petrochemical in Henan started up its 140,000 tonne/year PP plant on 4 February, a company source said.
Guangzhou Petrochemical in Guangdong plans to start up its new 200,000 tonne/year PP plant in July 2013, a source close to the company said.
Maoming Petrochemical in Guangdong plans to start up its 200,000 tonne/year PP plant in end-2013, a company source said.
Sinochem Quanzhou in Fujian plans to start up its 200,000 tonne/year PP plant in May-June 2013, a source close to the company said.
Sichuan Petrochemical in Sichuan plans to start its 450,000 tonne/year PP plant in the second quarter of 2013, a source close to the company said.
Some local traders are pessimistic about the PP market in 2013 because they are concerned that the production expansion for China’s PP plants will cause oversupply in the domestic market.
Others said that it will not have a significant impact on the PP market as some domestic producers will cut production to avoid losses, which happened in 2012.
Additional reporting by Summer Zhang
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