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China Petrochemicals Report Q3 2015

86 Pages BMI Research June 10, 2015 SKU: BMI5586480

China Petrochemicals Report Q3 2015

BMI View: A slowdown in Chinese demand will raise market self-sufficiency and reduce imports,according to BMI's latest China Petrochemicals Report. The Chinese petrochemicals market is faced with arapidly cooling national property market, which has far-reaching consequences not only for plastics used inconstruction but to the wider economy. In line with the manufacturing slowdown, the automotive sector,which is among the main petrochemicals consuming industries, is set for lower growth.

China should meet its target of 64% self-sufficiency in ethylene and derivatives in 2015. A key element ofthis drive is coal-to-olefins technology, which has helped the country leverage its low-cost coal resources toboost feedstock security and competitiveness. As a result, most of its PVC output is now coal-based.Meanwhile, polypropylene and polyethylene import growth is declining and either at or approaching zero.

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China Petrochemicals Report Q3 2015

BMI Research
June 10, 2015

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