China becomes world's largest PP Importing Country

China has become the largest polypropylene net import country in the world as per a report by Research and Markets. Yet, due to the rapid growth in domestic output, the import dependence degree has been declining on the whole, from 49.2% in 1995 to 34.6% in 2006. Currently, an annual demand gap of 3 million tons of polypropylene still exists in China. In 2006, China's polypropylene imports mainly came from surrounding countries and regions, among which South Korea accounted for 30%, followed by Taiwan, Singapore, America, Thailand and Japan. Estimates indicate that by 2008, China's polypropylene industry will enter a peak investment period, with an annual production capacity of nearly 6 million tons coming onstream. About 65% of this capacity will belong to the two large-scale groups, i.e., Sinopec and PetroChina.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha