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.
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