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In China PP supply to be reduced in line with unit shutdown

February 15/2012

(chemonitor) --  The Chinese company based in Maoming shut its polypropylene (PP) unit at Maoming site (Guangdong province) last week on Thursday for maintenance, which is expected to last till late February of 2012. The annual output of the plant is 170,000 tonnes.

This maintenance resulted from the shutdown of the companys naphtha cracker for two weeks. The PP plants shutdown is predicted to reduce the supply of the product in the China market.It may be difficult to inspire buying in the PP market if China kept to its tight monetary policy, capping any possible price gains for the polymer, they said.

PP prices are currently being supported by high values of feedstock propylene, market sources said.

Author:Anna Larionova
Category:General News
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