Shenhua Ningxia this week will begin selling PE and PP from new factories in China – China’s Shenhua Ningxia Coal Industry Group (SNCG), the subsidiary of Shenhua Group, one of the largest petrochemical producers in the country, intends to begin selling polyethylene (PE) and polypropylene (PP) – Shenhua Ningxia PE PP China - Arhive

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Shenhua Ningxia this week will begin selling PE and PP from new factories in China

 

Shenhua Ningxia PE PP China MOSCOW – China’s Shenhua Ningxia Coal Industry Group (SNCG), the subsidiary of Shenhua Group, one of the largest petrochemical producers in the country, intends to begin selling polyethylene (PE) and polypropylene (PP) factories in Ningxia province, China, an ICIS source told the company on Wednesday.

New enterprises with a capacity of 450,000 tons of low-density polyethylene (HDPE) / linear polyethylene (LLDPE) and 550,000 tons of PP per year were put into operation on November 28 of this year.

The company currently produces LDL and fiber PP brands, which it plans to offer on the market within one or two days.

One of the traders noted that with the receipt of new volumes of this product, prices for LDL and fiber PP grades may fall in December.

According to the Price Review of ICIS-MRC , in Russia in the first week of December, negotiations on December supplies of the Middle Eastern LDL C4 started. Contrary to expectations, PE fell to the level of EUR1 050-1,110 per tonne, FCA (for shipment from warehouses in Europe). In most segments of the PP in the Russian market, the price situation was stable last week, but some sellers nevertheless went for a price cut to increase sales and enter the new year with low inventory.

Shenhua Ningxia Coal Industry Group Co., Ltd. (SNCG) is engaged in the extraction of coal, its processing, the production of petrochemical products, etc.

mrcplast.ru

Author:                Margarita Volkova

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