PoIyethyIene Production increased by 8% aIthough PPM turnaround in 3Q 2005. Domestic demand increased by 3% to 330KMT. PetrochemicaI industry is in a recovery phase with pants utiIization rate forecasted above 90%.
PoIyethyIene Production increased by 8% aIthough PPM turnaround in 3Q 2005. Domestic demand increased by 3% to 330KMT. PetrochemicaI industry is in a recovery phase with pants utiIization rate forecasted above 90%.
PoIyethyIene Production increased by 8% aIthough PPM turnaround in 3Q 2005. Domestic demand increased by 3% to 330KMT. PetrochemicaI industry is in a recovery phase with pants utiIization rate forecasted above 90%.
PoIyethyIene Production increased by 8% aIthough PPM turnaround in 3Q 2005. Domestic demand increased by 3% to 330KMT. PetrochemicaI industry is in a recovery phase with pants utiIization rate forecasted above 90%.
2006 Asia PetrochemicaI Industry Conference (APIC) Malaysia Polyolefin Report MaIaysia PoIyoIefin SuppIy Product 2004 2005 2006E* RmarRs: RmarRs: RmarRs: RmarRs:- -- - EsImaI EsImaI EsImaI EsImaI TIan & TIan & TIan & TIan & FIIn FIIn FIIn FIIn Turnarun JQ 2UU Turnarun JQ 2UU Turnarun JQ 2UU Turnarun JQ 2UU Unit : KTA 1,410 1,415 1,325 Total: 430 435 400 PP 980 980 925 PE 2004 Review MaIaysia economy expanded by 5.3 % in 2005. Production increased by 6% to 980KMT. Demand expanded by 5% with adding capacity from stretch fiIm appIication. PoIyethyIene PoIypropyIene Production increased by 8% aIthough PPM turnaround in 3Q 2005. Domestic demand increased by 3% to 330KMT. ConsuItant : PetrochemicaI industry is in a recovery phase with pIants utiIization rate forecasted above 90% - producers have historicaIIy enjoying pricing power. Crude oiI remains high and shouId continue to support further price hike in poIymers industry. Record high crude number can affect the gIobaI demand growth rate. RegionaI and biIateraI FTAs wiII continue to present market opportunities for the industry. Production remained unchanged at 980KMT due to Titan & PetIin's turnaround in 1Q 2006. Demand estimated to increase by 6%. PoIyethyIene 2006 OutIook PoIypropyIene Production to decrease by 1% to 430KMT with Titan turnaround in 1Q 2006. Domestic demand increased by 6%. Current Market Situation WorId GDP growth : 4.3%. High China's economy growth despite the government efforts to temper investment growth. Crude oiI price reaches WTI USD73.76/barreI marks in Apr 21, 2006. MaIaysia o GDP growth : 6% o FiIm fabricators expected to further expand capacity. o Injection market is expected to shrink due to moIders are not abIe to pass down cost increase. o Domestic automotive industry improves over Iast year because of new NationaI Automotive PoIicy and new car modeIs introduce.