Indian PE growth on hold: Gail
India's polyethylene (PE) demand is expected to remain at around 8pc until 2021, before being spurred on by economic and infrastructural growth, according to state-controlled gas distributor and petrochemical producer Gail.
Indian demand for PE is estimated at 5mn t/yr, with existing domestic capacity around 5.5mn t/yr, said Gail's chief general manager for petrochemical marketing Anand Makwana at the Indian Petrochem conference being held in Mumbai over 14-15 November.
The PE growth rate fell marginally to around 8pc from 2018 from above 9pc in the previous five years. But demand is still expected to reach around 6.8mn t/yr by around 2021, according to Gail.
Linear low-density polyethylene will see the sharpest demand growth at 11pc, followed by high-density polyethylene at 7.8pc and linear density polyethylene at 6.4pc.
source: Argus Media
Top News
Seventeen Days ago
Vale to raise Carajas iron ore output with $12 billion investment
Revival Gold secures $2.2M investment from Dundee
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Agnico Eagle threatens to oust Barrick from No. 2 gold ranking
Ukraine rejects US bid for 50% of rare earth minerals, FT says
Australia’s iron ore export hub to reopen after cyclone weakens
World Copper sells Zonia project for $18M
Glencore weighs ditching London as primary listing
Iron ore price slides as cyclone-led supply fears ease in Australia
World Copper sells Zonia project for $18M
Canagold unveils antimony resource for New Polaris project in British Columbia
Indonesia minister says Freeport can resume copper concentrate exports
US, Ukraine ramp up talks on minerals deal during envoy trip
THE WORLD-LARGEST RETAINED MANDREL SEAMLESS PIPE PLANT WILL BE FQM®
Glencore weighs ditching London as primary listing
Northisle doubles value of British Columbia copper-gold project with new PEA
Revival Gold secures $2.2M investment from Dundee
Anglo sells Brazil assets for $500M, targets June to demerge Amplats
Ex-Glencore, Lundin execs launch Moranda Metals
World Copper sells Zonia project for $18M
Canagold unveils antimony resource for New Polaris project in British Columbia
Indonesia minister says Freeport can resume copper concentrate exports
US, Ukraine ramp up talks on minerals deal during envoy trip
THE WORLD-LARGEST RETAINED MANDREL SEAMLESS PIPE PLANT WILL BE FQM®
Glencore weighs ditching London as primary listing
Northisle doubles value of British Columbia copper-gold project with new PEA
Revival Gold secures $2.2M investment from Dundee
Anglo sells Brazil assets for $500M, targets June to demerge Amplats