China’s PC demand to reach 1.55m tonnes by 2015 – SMP

22 March 2013 09:16  [Source: ICIS news]

SINGAPORE (ICIS)--China’s demand for polycarbonate (PC) is set to hit 1.55m tonnes by 2015, an industry source said on Friday.

PC demand is poised to grow at 2-3% annually in the next two to three years, driven by demand from the automotive and consumer electronics sectors, a company source from Sinopec Mitsubishi Polycarbonate (SMP) said.

The source spoke on the sidelines of the 10th China Epoxy Resins & Raw Materials Forum, held in Chongqing, China, on 21-22 March 2013.

Demand for PC was estimated at 1.45m tonnes in 2012, with imports accounting for 80-90% of the total consumption, the source said.

The average operating rate at China’s PC facilities was estimated at 55% in 2012 because of poor economics and technical glitches, the source said.

Run rates will be checked in the following years given the new projects on the pipeline, the source added.

By: Liu Xin
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