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(ICIS)--China’s plan to build 36m units of
government subsidised apartments over the next five years ensures strong demand
for construction-related petrochemicals through 2015, analysts said on
Tuesday.
The first 10m of the government-subsidised apartments would be built this
year, Premier Wen Jiabao said on Sunday in an online chat session with users of
Xinhua.net, a state-owned web-based news organisation.
Petrochemicals such as polyvinyl chloride (PVC), polyethylene (PE) and polypropylene (PP) were expected to benefit from the
planned robust construction activities, analysts said.
“China is a key market for petrochemicals in Asia, with the country’s
domestic supply still lagging demand due to delays in start-up of a number of
projects since 2008, analysts said.
mrcplast.com
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