• head_banner_01

News

  • Is the soaring high pressure too high to withstand the cold

    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 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

    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

    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 !

    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?

    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

    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

    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...
  • Domestic competition pressure increases, PE import and export pattern gradually changes

    Domestic competition pressure increases, PE import and export pattern gradually changes

    In recent years, PE products have continued to move forward on the road of high-speed expansion. Although PE imports still account for a certain proportion, with the gradual increase of domestic production capacity, the localization rate of PE has shown a trend of increasing year by year. According to Jinlianchuang's statistics, as of 2023, the domestic PE production capacity has reached 30.91 million tons, with a production volume of around 27.3 million tons; It is expected that there will still be 3.45 million tons of production capacity put into operation in 2024, mostly concentrated in the second half of the year. It is expected that the PE production capacity will be 34.36 million tons and the output will be around 29 million tons in 2024. From 20...
  • The CHINAPLAS 2024 has come to a perfect ending!

    The CHINAPLAS 2024 has come to a perfect ending!

    The CHINAPLAS 2024 has come to a perfect ending!
  • PE supply remains at a high level in the second quarter, reducing inventory pressure

    PE supply remains at a high level in the second quarter, reducing inventory pressure

    In April, it is expected that China's PE supply (domestic+import+regeneration) will reach 3.76 million tons, a decrease of 11.43% compared to the previous month. On the domestic side, there has been a significant increase in domestic maintenance equipment, with a month on month decrease of 9.91% in domestic production. From a variety perspective, in April, except for Qilu, LDPE production has not yet resumed, and other production lines are basically operating normally. LDPE production and supply are expected to increase by 2 percentage points month on month. The price difference of HD-LL has fallen, but in April, LLDPE and HDPE maintenance were more concentrated, and the proportion of HDPE/LLDPE production decreased by 1 percentage point (month on month). From ...