Market talks have it that a subsidiary of Jiangyin Chengxing Group, China’s Jiangyin Chengold Packaging Materials Co Ltd has shut its two PET lines. As stated to SSESSMENTS.COM, both PET lines were shut since last Thursday, April 23. The PET lines with each capacity of 600,000 tons/year will be restarted in May. Meanwhile, rumour has it that Vietnam’s Paihong Co Ltd has postponed the start-up of its 200,000 tons/year PET plant to the end of April.
RumourSSESSMENTS are the stories and information that market players heard and asked SSESSMENTS’ Team to Verify. Often, this information is correct, and sometimes incorrect, something we conclude after the full verification process. However, while waiting for the complete verification process to complete, we wish our customers to be aware of all the stories and rumours in the market. The status for all RumourSSESSMENTS will be updated upon verification process, when the regular SSESSMENTS sections will be updated with the verified information as well.
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Tags: Asia Pacific,China,English,NEA,News,PET,Vietnam
Published on April 29, 2020 2:37 PM (GMT+8)Last Updated on April 29, 2020 2:37 PM (GMT+8)
