China’s World-Scale PE Plants to Remain ‘Competitive’ in 2010

World-scale polyethylene (PE) plants in China with capacity of more than 300,000 m.t./year will still be cost-competitive in 2010, even with the startup of new crackers in the Mideast, Cheri Zhou, BP manager/strategy, planning and performance, told delegates at CW’s Southeast Asia Chemical Industry Outlook, held last week in Bangkok. The price of PE will be set by the highest cost of marginal tonnage, not by the massive capacity coming online in the Mideast, she says. High-cost producers of incremental PE tons in Europe and North America will be pushed out...

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