News
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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... -
Is the soaring high pressure too high to withstand the cold
From January to June 2024, the domestic polyethylene market began an upward trend, with very little time and space for a pullback or temporary decline. Among them, high-pressure products showed the strongest performance. On May 28, high-pressure ordinary film materials broke through the 10000 yuan mark, and then continued to soar upwards. As of June 16, high-pressure ordinary film materials in North China reached 10600-10700 yuan/ton. There are two main advantages among them. Firstly, the high import pressure has led the rising market due to factors such as rising shipping costs, difficulty in finding containers, and rising global prices. 2、 Part of the domestically produced equipment underwent maintenance. Zhongtian Hechuang's 570000 ton/year high-pressure eq... -
The growth rate of polypropylene production has slowed down, and the operating rate has slightly increased
The domestic polypropylene production in June is expected to reach 2.8335 million tons, with a monthly operating rate of 74.27%, an increase of 1.16 percentage points from the operating rate in May. In June, Zhongjing Petrochemical's 600000 ton new line and Jinneng Technology's 45000 * 20000 ton new line were put into operation. Due to poor production profits of the PDH unit and sufficient domestic general material resources, production enterprises faced significant pressure, and the start of new equipment investment is still unstable. In June, there were maintenance plans for several large facilities, including Zhongtian Hechuang, Qinghai Salt Lake, Inner Mongolia Jiutai, Maoming Petrochemical Line 3, Yanshan Petrochemical Line 3, and Northern Huajin. However,... -
The company organizes a gathering for all employees
In order to thank everyone for their hard work over the past six months, strengthen the company's cultural construction, and enhance the company's cohesion, the company organized a gathering for all employees. -
PE plans to delay the production of new production capacity, easing expectations of increased supply in June
With the postponement of the production time of Sinopec's Ineos plant to the third and fourth quarters of the second half of the year, there has been no release of new polyethylene production capacity in China in the first half of 2024, which has not significantly increased the supply pressure in the first half of the year. The polyethylene market prices in the second quarter are relatively strong. According to statistics, China plans to add 3.45 million tons of new production capacity for the whole year of 2024, mainly concentrated in North China and Northwest China. The planned production time of new production capacity is often delayed to the third and fourth quarters, which reduces the supply pressure for the year and alleviates the expected increa... -
Happy Dragon Boat Festival ！
The Dragon Boat Festivall is coming again. Thank the company for sending a warm Zongzi gift box, so that we can feel the strong festival atmosphere and the warmth of the company's family in this traditional day. Here, Chemdo wishes everyone the Dragon Boat Festival! -
Where is polyolefin going to continue the profit cycle of plastic products?
According to data released by the National Bureau of Statistics, in April 2024, PPI (Producer Price Index) decreased by 2.5% year-on-year and 0.2% month on month; The purchasing prices of industrial producers decreased by 3.0% year-on-year and 0.3% month on month. On average, from January to April, PPI decreased by 2.7% compared to the same period last year, and industrial producer purchase prices decreased by 3.3%. Looking at the year-on-year changes in PPI in April, prices of means of production decreased by 3.1%, affecting the overall level of PPI by about 2.32 percentage points. Among them, the industrial prices of raw materials decreased by 1.9%, and the prices of processing industries decreased by 3.6%. In April, there was a year-on-year differentiation b... -
Rising sea freight combined with weak external demand hinders exports in April?
In April 2024, the export volume of domestic polypropylene showed a significant decline. According to customs statistics, the total export volume of polypropylene in China in April 2024 was 251800 tons, a decrease of 63700 tons compared to the previous month, a decrease of 20.19%, and a year-on-year increase of 133000 tons, an increase of 111.95%. According to the tax code (39021000), the export volume for this month was 226700 tons, a decrease of 62600 tons month on month and an increase of 123300 tons year-on-year; According to the tax code (39023010), the export volume for this month was 22500 tons, a decrease of 0600 tons month on month and an increase of 9100 tons year-on-year; According to the tax code (39023090), the export volume for this month was 2600... -
Weak stalemate in regenerated PE, high price transaction hindered
This week, the atmosphere in the recycled PE market was weak, and some high priced transactions of certain particles were hindered. In the traditional off-season of demand, downstream product factories have reduced their order volume, and due to their high finished product inventory, in the short term, downstream manufacturers mainly focus on digesting their own inventory, reducing their demand for raw materials and putting pressure on some high priced particles to sell. The production of recycling manufacturers has decreased, but the speed of delivery is slow, and the market's spot inventory is relatively high, which can still maintain rigid downstream demand. The supply of raw materials is still relatively low, making it difficult for prices to fall. It conti... -
ABS production will rebound after repeatedly hitting new lows
Since the concentrated release of production capacity in 2023, the competition pressure among ABS enterprises has increased, and the super lucrative profits have disappeared accordingly; Especially in the fourth quarter of 2023, ABS companies fell into a serious loss situation and did not improve until the first quarter of 2024. Long term losses have led to an increase in production cuts and shutdowns by ABS petrochemical manufacturers. Coupled with the addition of new production capacity, the production capacity base has increased. In April 2024, the operating rate of domestic ABS equipment has repeatedly hit a historic low. According to data monitoring by Jinlianchuang, in late April 2024, the daily operating level of ABS dropped to around 55%. In mi...