A Recent Report Released Some Fresh Stats of The PP Market and Industry in China

A recent report on the China Petroleum and Chemical Industry Federation website released some fresh stats of the PP market and industry in China, the world's largest net importer of PP resin. I'm summarizing the information into bullet points: Total number of PP resin producers: 80+ Total PP capacity by end of 2011: 12.7 million metric tons Actual production in 2011: 9.17 million metric tons (9.8 million tons, according to another source the China Market Research Report) Domestic PP consumption in 2011: 13.9 million metric tons PP consumption average annual growth rate 2002-2010: 10.7 percent (vs. 6 percent world average) China's PP self-sufficiency rate: 60 percent The report said China's PP imports grew from 2.2 million tons in 2002 to 4.8 million tons in 2010. While the nation is expected to continue to import large quantities of PP, it is worth noting that China is planning more than 20 coal-based PP and methanol-based PP projects, with a total annual capacity of 6 million to 10 million metric tons. Zhejiang, Guangdong and Shanghai are the leading regions of PP production, representing respectively 15 percent, 11 percent and 8 percent of the nationwide total. Source: plasticsnews.com