Plastics Portal For Buying And Selling Plastic Products
CONNECTING BUSINESSES IN THE WORLD OF PLASTICS
Go to->Home - PlasticNews
China’s strong petrochemical growth to continue till end of year, likely to... (30-11-2009)
 
The strong growth of China’s petrochemical sector will extend to the end of this year, but is likely slow and remain at reasonable levels next year triggered by the possible tightening of monetary policy and an end to government incentive measures as the Chinese economy recovers. China's petrochemical imports should post a "reasonable" growth next year, more subdued than what it has been so far this year, on the possible wearing down of the effects of the government's fiscal stimulus package as per ICIS.
As Asia’s leading importer of petrochemicals, demand from China has been instrumental in the recovery of product prices this year following severe weakness in 2008. The strong growth in volumes of imported polyolefins, phenol and acetone, particularly robust till Q4-2010, has been a reflection of the low base in 2008 at the height of the global economic and financial turmoil. Petrochemical product prices in Asia have remained below pre-crisis levels despite some recovery this year and the low prices may have also spurred the strong demand from China that is shifting its economic growth from investments and exports towards domestic consumption.
Previous News Previous News
Next News Next News
Forward to friend Forward this news to friend Print this News Print this news
Back
Back To Recent News Archives
Disclaimer
Recent News
• SIBUR subsidiary completes PET production capacity expansion at Bashkortostan
• Differential on Asian naphtha between H1-June and H1-July rises to a more than 3 week high
• PET production delayed at Brazil's Petroquímica Suape complex
• 100% bio-based succinic acid with lower environmental footprint
• Rare moves for ethylene possible as other arbs open
  
Available
UM-9275 Model: FLM1 - Stainless steel construction with (1) Wurster and ...
UM-9274 Model: GPCG60SRS - Used Glatt fluid bed dryer granulator - Stai...
UM-9260 Model: Radios 826 - Stack type - Gearless: No - Max. Web width...
UM-9251 - Number of layers: 1 - Film width: 3000 - Screw diameter: 90 ...
UM-9249 - Number of layers: 1 - Overhaul / renovation: Machine was revis...
UM-9234 - Printing width: 1200 mm - Max material width: 1250 mm - Possi...
UM-9575 - Clamping Force: 1800 KN - Min Mould height: 200 mm - Mould ...
UM-9684 Model: NESA - Completely (electronicall...
UM-9679 1) Calender machine 1 Set - Size: Roll diameter 356 mm x width 1...
UM-9665 - 2500 x 800 Proposed Material width and thickness (PVC with Fil...