News
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Plastics: This week’s market summary and later outlook
This week, the domestic PP market fell back after rising. As of this Thursday, the average price of East China wire drawing was 7743 yuan/ton, up 275 yuan/ton from the week before the festival, an increase of 3.68%. The regional price spread is expanding, and the drawing price in North China is at a low level. On the variety, the spread between drawing and low melting copolymerization narrowed. This week, the proportion of low melting copolymerization production decreased slightly compared with the pre-holiday, and the spot supply pressure has eased to a certain extent, but the downstream demand is limited to inhibit the upward space of prices, and the increase is less than that of wire drawing. Forecast: The PP market rose this week and fell back, and the mark... -
In the first eight months of 2024, the cumulative export value of plastic products in China increased by 9% year-on-year
In recent years, the export of most rubber and plastic products has maintained a growth trend, such as plastic products, styrene butadiene rubber, butadiene rubber, butyl rubber and so on. Recently, the General Administration of Customs issued a table of the national import and export of major commodities in August 2024. The details of the import and export of plastics, rubber and plastic products are as follows: Plastic products: In August, China's plastic products exports amounted to 60.83 billion yuan; From January to August, exports totaled 497.95 billion yuan. In the first eight months of this year, the cumulative export value increased by 9.0% over the same period last year. Plastic in primary shape: In August 2024, the number of plastic imports in primar... -
Nuggets Southeast Asia, time to go to sea! Vietnam’s plastics market has huge potential
Vice Chairman of the Vietnam Plastics Association Dinh Duc Sein stressed that the development of the plastics industry plays an important role in the domestic economy. At present, there are about 4,000 plastic enterprises in Vietnam, of which small and medium-sized enterprises account for 90%. In general, the Vietnamese plastics industry is showing a booming momentum and has the potential to attract many international investors. It is worth mentioning that in terms of modified plastics, the Vietnamese market also has huge potential. According to the "2024 Vietnam Modified Plastics Industry Market Status and Feasibility Study Report of Overseas Enterprises Entering" released by the New Thinking Industry Research Center, the modified plastics market in Vietnam an... -
Happy Mid-Autumn Festival!
The full moon and blooming flowers coincide with Mid Autumn. On this special day, the General Manager's Office of Shanghai Chemdo Trading Co., Ltd. wishes you the most sincerely. Wishing everyone all the best every year, and every month and everything goes smoothly! Sincerely thank you for your strong support to our company! I hope that in our future work, we will continue to work together and strive for a better tomorrow! The Mid Autumn Festival National Day holiday is from September 15th toSeptember 17th, 2024 (a total of 3 days) Best regards -
Rumors disturb the bureau, the road ahead of PVC export is bumpy
In 2024, the global PVC export trade friction continued to escalate, at the beginning of the year, the European Union launched anti-dumping on PVC originating in the United States and Egypt, India launched anti-dumping on PVC originating in China, Japan, the United States, South Korea, Southeast Asia and Taiwan, and superimposed India's BIS policy on PVC imports, and the world's main PVC consumers remain highly cautious about imports. First, the dispute between Europe and the United States has brought harm to the pond.The European Commission announced on June 14, 2024, the preliminary phase of an anti-dumping duty investigation on imports of polyvinyl chloride (PVC) from suspension of US and Egyptian origin, according to a summary of the European Commission's a... -
PVC powder: Fundamentals in August slightly improved in September slightly weaker expectations
In August, the supply and demand of PVC improved marginally, and inventories increased initially before declining. In September, scheduled maintenance is expected to decrease, and the operating rate of supply side is expected to increase, but the demand is not optimistic, so the fundamental outlook is expected to be loose. In August, the marginal improvement in PVC supply and demand was evident, with both supply and demand increasing month-on-month. Inventory increased initially but then decreased, with the month-end inventory decreasing slightly compared to the previous month. The number of enterprises undergoing maintenance decreased, and the monthly operating rate increased by 2.84 percentage points to 74.42% in August, resulting in an increase in production... -
PE supply and demand synchronously increase inventory or maintain slow turnover
In August, it is expected that China's PE supply (domestic+imported+recycled) will reach 3.83 million tons, a month on month increase of 1.98%. Domestically, there has been a decrease in domestic maintenance equipment, with a 6.38% increase in domestic production compared to the previous period. In terms of varieties, the resumption of LDPE production in Qilu in August, the restart of Zhongtian/Shenhua Xinjiang parking facilities, and the conversion of Xinjiang Tianli High tech's 200000 tons/year EVA plant to LDPE have significantly increased LDPE supply, with a month on month increase of 2 percentage points in production and supply; The HD-LL price difference remains negative, and the enthusiasm for LLDPE production is still high. The proportion of LLDPE produ... -
Does policy support drive consumption recovery? The supply and demand game in the polyethylene market continues
Based on the current known maintenance losses, it is expected that the maintenance losses of the polyethylene plant in August will significantly decrease compared to the previous month. Based on considerations such as cost profit, maintenance, and the implementation of new production capacity, it is expected that the polyethylene production from August to December 2024 will reach 11.92 million tons, with a year-on-year increase of 0.34%. From the current performance of various downstream industries, the autumn reserve orders in the northern region have been gradually launched, with 30% -50% of large-scale factories operating, and other small and medium-sized factories receiving scattered orders. Since the beginning of this year's Spring Festival, holid... -
The year-on-year decline in plastic product production and the weakness of the PP market are difficult to conceal
In June 2024, China's plastic product production was 6.586 million tons, showing a downward trend compared to the same period last year. Due to fluctuations in international crude oil prices, the prices of plastic raw materials have risen, resulting in an increase in production costs for plastic product companies. In addition, the profits of product companies have been somewhat compressed, which has suppressed the increase in production scale and output. The top eight provinces in terms of product production in June were Zhejiang Province, Guangdong Province, Jiangsu Province, Fujian Province, Shandong Province, Hubei Province, Hunan Province, and Anhui Province. Zhejiang Province accounted for 18.39% of the national total, Guangdong Province accounted for 17.2... -
Analysis of Industry Supply and Demand Data for Continuous Expansion of Polyethylene Production Capacity
The average annual production scale in China has increased significantly from 2021 to 2023, reaching 2.68 million tons per year; It is expected that 5.84 million tons of production capacity will still be put into operation in 2024. If the new production capacity is implemented as scheduled, it is expected that the domestic PE production capacity will increase by 18.89% compared to 2023. With the increase of production capacity, domestic polyethylene production has shown a trend of increasing year by year. Due to the concentrated production in the region in 2023, new facilities such as Guangdong Petrochemical, Hainan Ethylene, and Ningxia Baofeng will be added this year. The production growth rate in 2023 is 10.12%, and it is expected to reach 29 million tons in... -
Regenerated PP: Enterprises in the industry with meager profits rely more on shipping to increase volume
From the situation in the first half of the year, the mainstream products of recycled PP are mostly in a profitable state, but they are mostly operating at a low profit, fluctuating in the range of 100-300 yuan/ton. In the context of unsatisfactory follow-up of effective demand, for recycled PP enterprises, although profits are meager, they can rely on shipment volume to maintain operations. The average profit of mainstream recycled PP products in the first half of 2024 was 238 yuan/ton, a year-on-year increase of 8.18%. From the year-on-year changes in the above chart, it can be seen that the profit of mainstream recycled PP products in the first half of 2024 has improved compared to the first half of 2023, mainly due to the rapid decline in the pelle... -
Kaba, General Manager of Felicite SARL, Visits Chemdo to Explore Plastic Raw Material Imports
Chemdo is honored to welcome Mr. Kaba, the esteemed General Manager of Felicite SARL from Côte d'Ivoire, for a business visit. Established a decade ago, Felicite SARL specializes in the production of plastic films. Mr. Kaba, who first visited China in 2004, has since made annual trips to procure equipment, building strong relationships with numerous Chinese equipment exporters. However, this marks his inaugural exploration into sourcing plastic raw materials from China, having previously relied solely on local markets for these supplies. During his visit, Mr. Kaba expressed a keen interest in identifying reliable suppliers of plastic raw materials in China, with Chemdo being his first stop. We are excited about the potential collaboration and look forward to d...