Zhejiang Wankai New Materials reduced PET loading - Arhive

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Zhejiang Wankai New Materials has reduced PET loading on two lines to 70%   Zhejiang Wankai New Materials reduced PET loading 

Zhejiang Wankai New Materials reduced PET loading MOSCOW – Zhejiang Wankai New Materials, a major producer of polyethylene terephthalate (PET) in China, has reduced the loading in the plant for the production of polyethylene terephthalate (PET) in Heining (Haining, Zhejiang, China) to 70%, ICIS reported citing source in the company.

The company cut production of PET on two lines with a capacity of 400 thousand tons per year and 550 thousand tons per year on June 28. According to the source, the reason for the reduction of the load was the intention of the company to regulate the supply of its material to the market.

Earlier it was reported that last March Zhejiang Wankai New Materials commissioned a line with a capacity of 550 thousand tons of PET per year.

At the same site, Zhejiang Wankai New Materials operates another PET production line with a capacity of 250,000 tons per year.

According to the Price Review of ICIS-MRC , several players of the Russian market expressed the opinion that June was the period of maximum demand and the highest level of prices in the PET-granulate market. The spot prices of Alco-Nafta (Ecopet) last week were still at their maximum levels.Zhejiang Wankai New Materials reduced PET loading

Zhejiang Wankai New Materials Co., Ltd, being a subsidiary of the Chinese Zhejiang Zhink Group, was founded in March 2008. It is one of the leaders in the production of bottles of polyethylene terephthalate in China.

Source : mrcplast.ru Author: Anna Larionova

Tags:     PET granulate , PET bottles , PET preforms , Zhejiang Wankai New Materials , China , Russia .

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