China chemical firms lament Mideast resin

Toloken, Steve
July 2010
Plastics News;7/19/2010, Vol. 22 Issue 20, p12
Trade Publication
The article discusses the impact of the inflow of lower-cost resin from the Middle East on the plastics market of China. It has been sated that Sinopec and PetroChina, state-owned petrochemical giants of China, are plotting strategies to upgrade their products by looking at the prospect of Middle Eastern resin flooding China. It is evident that the two Chinese firm have a commanding presence in China with more than 90% of the domestic production of polyethylene and 75% of the polypropylene.


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