TITLE

Slowdown forecast for China polyolefins

AUTHOR(S)
Sun, Nina Ying
PUB. DATE
October 2005
SOURCE
Plastics News;10/10/2005, Vol. 17 Issue 32, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the Chinese polyolefin market has been flying at a double-digit rate for the past decade, but the golden age may come to an end. The market already has shown signs of an abrupt landing, and the slowing trend is going to continue. The first five months of 2005 already have seen a 20 percent plummet in China's imported polypropylene and a 6 percent drop in polyethylene. During the past decade, China's polyolefin demand has surpassed its gross domestic product by an average of 1.6 times. But the less-known truth is that Chinese domestic production capacity has grown slightly faster than demand during the same period.
ACCESSION #
18572867

 

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