According to the Chinese Engineering Plastics Industry Association and Secretary General Zheng Kai is expected to begin in early 2009, China’s engineering plastics will be a substantial reduction in demand is expected to range between 10% -15%, but the beginning of the end of next year is expected to increase gradually.
Mr Chan said: Generally speaking, the lower reaches of the demand growth is still rigid in digestion Stock End community, the demand for engineering plastics will rise; In addition, a series of stimulating domestic demand by national policies, some domestic varieties of works plastics demand will rise, for example, in railway construction, bolster the tracks and the train compartments have to be used in engineering plastic liner. How to peacefully pass the current difficult period, he suggested that domestic enterprises pay close attention to changes in market prices, timely adjustment of the production, and shutting down excess capacity, to give up low-profit market, the energy transfer to high-end market.
China Engineering Plastics Industry in 2007 sales of 1.84 million tons, an increase of 20.8%. But by the global financial crisis, this year sales of around two million tons, the growth rate will fall to about 10%.