Home Blogs Asian Chemical Connections China PE Growth All-Time High

China PE Growth All-Time High

Business, China, Polyolefins
By John Richardson on 01-Dec-2009

 

china_plastic_bags.jpgSource of picture: www.americanprogress.org

 

By John Richardson

China’s high-density polyethylene (HDPE) demand is expected to grow by 38% to around 7m tonnes forecasts CBI China, the Shanghai-based commodity information service.

Linear-low density (LLDPE) is expected to rise by 30% to 4.6m tonnes and low-density polyethylene (LDPE) will increase by 20% to 3.4m tonnes, adds CBI.

Polypropylene (PP) demand is expected to 24% to 13m tonnes, the company also predicts.

“This would be all-time high level of PE growth,” said an Singapore-based polyolefins trader.

Booming domestic demand and a decline in recycling appear to be the major drivers of this extroardinary growth.

Can it continue? Perhaps, yes, as speculation grows that the Yuan will be revalued – leading to more hot money pouring into the economy