Industry News
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Rising oil prices, plastic prices continue to rise?
At present, there are more PP and PE parking and maintenance devices, petrochemical inventory is gradually reduced, and the supply pressure on the site is slowed down. However, in the later period, a number of new devices are added to expand the capacity, the device restarts, and the supply may be significantly increased. There are signs of weakening downstream demand, agricultural film industry orders began to reduce, weak demand, is expected to be the recent PP, PE market shock consolidation. Yesterday, international oil prices rose, as Trump's nomination of Rubio as secretary of state is a positive for oil prices. Rubio has taken a hawkish stance on Iran, and the potential tightening of U.S. sanctions against Iran could reduce global oil supply by 1.3 millio... -
There may be some fluctuations in the supply side, which could potentially disrupt the PP powder market or keep it calm?
In early November, the market short-short game, PP powder market volatility is limited, the overall price is narrow, and the scene trading atmosphere is dull. However, the supply side of the market has changed recently, and the powder in the future market has been calm or broken. Entering November, upstream propylene continued a narrow shock mode, the mainstream fluctuation range of the Shandong market was 6830-7000 yuan/ton, and the cost support of powder was limited. At the beginning of November, PP futures also continued to close and open in a narrow range above 7400 yuan/ton, with little disturbance to the spot market; In the near future, the downstream demand performance is flat, the new single support of enterprises is limited, and the price difference of... -
Global supply and demand growth is weak, and the risk of PVC export trade is increasingGlobal supply and demand growth is weak, and the risk of PVC export trade is increasing
With the growth of global trade frictions and barriers, PVC products are facing the restrictions of anti-dumping, tariff and policy standards in foreign markets, and the impact of fluctuations in shipping costs caused by geographical conflicts. Domestic PVC supply to maintain growth, demand affected by the housing market weak slowdown, PVC domestic self-supply rate reached 109%, foreign trade exports become the main way to digest domestic supply pressure, and the global regional supply and demand imbalance, there are better opportunities for exports, but with the increase in trade barriers, the market is facing challenges. Statistics show that from 2018 to 2023, domestic PVC production maintained a steady growth trend, increasing from 19.02 million tons in 2018... -
Weak overseas demand PP exports fell significantly
Customs statistics show that in September 2024, China's polypropylene exports decreased slightly. In October, the macro policy news boosted, domestic polypropylene prices rose strongly, but the price may lead to overseas buying enthusiasm weakened, is expected to reduce exports in October, but the overall remains high. Customs statistics show that in September 2024, China's polypropylene export volume decreased slightly, mainly due to weak external demand, new orders decreased significantly, and with the completion of deliveries in August, the number of orders to be delivered in September naturally decreased. In addition, China's exports in September were affected by short-term contingencies, such as two typhoons and a global container shortage, resulting in a ... -
The highlights of 2024 China International Plastics Exhibition are revealed!
From November 1-3, 2024, the high-profile event of the whole industry chain of plastics - China International Plastics Exhibition will be held in Nanjing International Expo Center! As a brand exhibition created by the China Plastics Processing Industry Association, China International Plastics Exhibition has always been adhering to the true original heart, not asking for false name, not engaging in gimmicks, insisting on focusing on the characteristics of high quality and green sustainable development of the industry, while highlighting the depth of thinking and innovative pursuit of the future plastics industry, focusing on the industry's "new materials, new technology, new equipment, new products" and other innovative highlights. Since the first exhibition in... -
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... -
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...