Industry News
-
Polyolefin export Prospects in 2025: Who will lead the incremental frenzy?
The region that will bear the brunt of exports in 2024 is Southeast Asia, so Southeast Asia is prioritized in the 2025 outlook. In the regional export ranking in 2024, the first place of LLDPE, LDPE, primary form PP, and block copolymerization is Southeast Asia, in other words, the primary export destination of 4 of the 6 major categories of polyolefin products is Southeast Asia. Advantages: Southeast Asia is a strip of water with China and has a long history of cooperation. In 1976, ASEAN signed the Treaty of Amity and Cooperation in Southeast Asia to promote permanent peace, friendship and cooperation among the countries in the region, and China formally joined the Treaty on October 8, 2003. Good relations laid the foundation for trade. Second, in Southeast A... -
Sea strategy, the sea map and challenges of China’s plastics industry
Chinese enterprises have experienced several key stages in the process of globalization: from 2001 to 2010, with the accession to the WTO, Chinese enterprises opened a new chapter of internationalization; From 2011 to 2018, Chinese companies accelerated their internationalization through mergers and acquisitions; From 2019 to 2021, Internet companies will start to build networks on a global scale. From 2022 to 2023, smes will begin to use the Internet to expand into international markets. By 2024, globalization has become a trend for Chinese companies. In this process, the internationalization strategy of Chinese enterprises has changed from a simple product export to a comprehensive layout including service export and overseas production capacity construction.... -
Plastics industry in-depth analysis report: Policy system, development trend, opportunities and challenges, major enterprises
Plastic refers to high molecular weight synthetic resin as the main component, adding appropriate additives, processed plastic materials. In daily life, the shadow of plastic can be seen everywhere, as small as plastic cups, plastic crisper boxes, plastic washbasins, plastic chairs and stools, and as large as cars, televisions, refrigerators, washing machines and even airplanes and spaceships, plastic is inseparable. According to the European Plastics Production Association, global plastic production in 2020, 2021 and 2022 will reach 367 million tons, 391 million tons and 400 million tons, respectively. The compound growth rate from 2010 to 2022 is 4.01%, and the growth trend is relatively flat. China's plastics industry started late, after the founding of the ... -
From waste to wealth: Where is the future of plastic products in Africa?
In Africa, plastic products have penetrated into every aspect of people's lives. Plastic tableware, such as bowls, plates, cups, spoons and forks, is widely used in African dining establishments and homes because of its low cost, lightweight and unbreakable properties.Whether in the city or the countryside, plastic tableware plays an important role. In the city, plastic tableware provides convenience for the fast-paced life; In rural areas, its advantages of being difficult to break and low cost are more prominent, and it has become the first choice of many families.In addition to tableware, plastic chairs, plastic buckets, plastic POTS and so on can also be seen everywhere. These plastic products have brought great convenience to the daily life of African peop... -
Sell to China! China may be removed from permanent normal trade relations! EVA is up 400! PE strong turn red! A rebound in general-purpose materials?
The cancellation of China's MFN status by the United States has had a significant negative impact on China's export trade. First, the average tariff rate for Chinese goods entering the US market is expected to rise significantly from the existing 2.2% to more than 60%, which will directly affect the price competitiveness of Chinese exports to the US. It is estimated that about 48% of China's total exports to the United States are already affected by the additional tariffs, and the elimination of MFN status will further expand this proportion. The tariffs applicable to China's exports to the United States will be changed from the first column to the second column, and the tax rates of the top 20 categories of products exported to the United States with the highe... -
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...