In 2021, the production capacity will increase by 20.9% to 28.36 million tons / year; The output increased by 16.3% year-on-year to 23.287 million tons; Due to the large number of new units put into operation, the unit operating rate decreased by 3.2% to 82.1%; The supply gap decreased by 23% year-on-year to 14.08 million tons.
It is estimated that in 2022, China’s PE production capacity will increase by 4.05 million tons / year to 32.41 million tons / year, an increase of 14.3%. Limited by the impact of plastic order, the growth rate of domestic PE demand will decline. In the next few years, there will still be a large number of new proposed projects, facing the pressure of structural surplus.
In 2021, the production capacity will increase by 11.6% to 32.16 million tons / year; The output increased by 13.4% year-on-year to 29.269 million tons; The operating rate of the unit increased by 0.4% to 91% year-on-year; The supply gap decreased by 44.4% year-on-year to 3.41 million tons.
It is estimated that in 2022, China’s PP production capacity will increase by 5.15 million tons / year to 37.31 million tons / year, an increase of more than 16%. The main consumption of plastic woven products has been surplus, but the demand for PP of injection molded products such as small household appliances, daily necessities, toys, automobiles, food and medical packaging materials will grow steadily, and the overall supply and demand balance will be maintained.
Post time: Jul-01-2022