China will need resin despite new capacity; 10 billion pounds of new capacity slated for PE, PP.(Special Report) From: Plastics News | Date: April 25, 2005 | COPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Frank Esposito

China's dependence on imported polyethylene and polypropylene is expected to continue, even as the country plans to add almost 10 billion pounds of capacity for those materials during the next three years.

Imported PE accounted for 52 percent of Chinese demand in 2004, with imported PP holding a 38 percent stake in that market, according to Sinochem International Corp.'s Howard Yao, who spoke at the DeWitt & Co. World Petrochemical Revi...