Jul 07, 2020 10:09 a.m.

UPDATE: China's Yisheng new PET plant status

According to market sources, Hainan Yisheng Petrochemical Co Ltd has started up one of its PET new line since ...

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According to market sources, Hainan Yisheng Petrochemical Co Ltd has started up one of its PET new line since last weekend.

Based in Hainan, the new PET bottle plant consists of two lines with production capacity of 250,000 tons/year each.

Market players informed that the plant has started up one line last weekend and pending to achieve prime grade, meanwhile another line is expected to start-up in the near term, which resulting expectation that additional supply might pressured sentiment in domestic market.

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China