19 April 2013 12:10 [Source: ICIS news]
SHANGHAI (ICIS)--China’s polyethylene (PE) and polypropylene (PP) demand growth in 2013 is expected to be higher than last year, driven by an improving local economy, a senior analyst for the Sinopec Economics and Development Research Institute said on Friday.
PE and PP demand is forecast to grow at 4.8% and 6% respectively, on a year-on-year basis, said Shu Zhaoxia, deputy chief engineer of the Sinopec Economics and Development Research Institute.
China’s demand growth for linear low density PE (LLDPE) this year is estimated at 8% this year, higher than the overall PE demand growth rate, Shu said.
Shu was speaking at the seventh China Petrochemical Forum, a two-day event in Shanghai which ended on Friday.
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