News
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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... -
LDPE supply is expected to increase, and market prices are expected to decline
Starting from April, the LDPE price index rapidly rose due to factors such as resource scarcity and hype on the news front. However, in recent times, there has been an increase in supply, coupled with a cooling market sentiment and weak orders, resulting in a rapid decline in the LDPE price index. So, there is still uncertainty about whether market demand can increase and whether the LDPE price index can continue to rise before the peak season arrives. Therefore, market participants need to closely monitor market dynamics to cope with market changes. In July, there was an increase in maintenance of domestic LDPE plants. According to statistics from Jinlianchuang, the estimated loss of LDPE plant maintenance this month is 69200 tons, an increase of abou... -
What is the future trend of the PP market after the year-on-year increase in plastic product production?
In May 2024, China's plastic product production was 6.517 million tons, an increase of 3.4% year-on-year. With the increasing awareness of environmental protection, the plastic products industry pays more attention to sustainable development, and factories innovate and develop new materials and products to meet the new needs of consumers; In addition, with the transformation and upgrading of products, the technological content and quality of plastic products have been effectively improved, and the demand for high-end products in the market has increased. The top eight provinces in terms of product production in May were Zhejiang Province, Guangdong Province, Jiangsu Province, Hubei Province, Fujian Province, Shandong Province, Anhui Province, and Hunan Province... -
Expected increase in polyethylene supply pressure
In June 2024, the maintenance losses of polyethylene plants continued to decrease compared to the previous month. Although some plants experienced temporary shutdowns or load reductions, the early maintenance plants were gradually restarted, resulting in a decrease in monthly equipment maintenance losses compared to the previous month. According to statistics from Jinlianchuang, the maintenance loss of polyethylene production equipment in June was about 428900 tons, a decrease of 2.76% month on month and a year-on-year increase of 17.19%. Among them, there are approximately 34900 tons of LDPE maintenance losses, 249600 tons of HDPE maintenance losses, and 144400 tons of LLDPE maintenance losses involved. In June, Maoming Petrochemical's new high pressu... -
What are the new changes in the downward slip ratio of PE imports in May?
According to customs statistics, the import volume of polyethylene in May was 1.0191 million tons, a decrease of 6.79% month on month and 1.54% year-on-year. The cumulative import volume of polyethylene from January to May 2024 was 5.5326 million tons, an increase of 5.44% year-on-year. In May 2024, the import volume of polyethylene and various varieties showed a downward trend compared to the previous month. Among them, the import volume of LDPE was 211700 tons, a month on month decrease of 8.08% and a year-on-year decrease of 18.23%; The import volume of HDPE was 441000 tons, a month on month decrease of 2.69% and a year-on-year increase of 20.52%; The import volume of LLDPE was 366400 tons, a month on month decrease of 10.61% and a year-on-year decr...