Wednesday, July 20, 2011

China's annual PE demand to grow by 8-9% in 2011 down from 19% in 2010

China's annual PE demand is expected to grow by 8-9% in 2011 down from 19% in 2010, but new capacity will reduce imports by up to 14% from the 7.4 mln tons imported in 2009, a sper a report by BMI. BMMI believes this will be more at the expense of neighboring Asian states while Qatari suppliers will be less affected and should benefit from low domestic ethane feedstock costs.

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