A large number of products are exported to Japan, India and other regions.
Covestro announced on May 16, that the capacity of Shanghai polycarbonate (PC) will be further expanded to 600,000 tons/year, breaking through the bottleneck, and the new capacity will be put into operation in 2019. This will enhance the Covestro's status of global dominance in PC resin industry. At that time, the competition will be more intense in the domestic market.
Propylene shows a low rebound slightly. Affected by the overhauls of propylene plants recently, there is a sharp decline in inventory; rebound will come sooner or later. As the industry has been recently focus attentions on the OPEC meeting on May 25, most people think that the cut of production is already a matter of course at this moment. The market is holding a wait and see attitude.
Lianyi Chemical will continue to be backed by strong technical resources,
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