News
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Looking for directions in the oscillation of polyolefins during the export of plastic products
According to data released by the General Administration of Customs of China, in US dollars, in December 2023, China's imports and exports reached 531.89 billion US dollars, an increase of 1.4% compared to the same period last year. Among them, exports reached 303.62 billion US dollars, an increase of 2.3%; Imports reached 228.28 billion US dollars, an increase of 0.2%. In 2023, China's total import and export value was 5.94 trillion US dollars, a year-on-year decrease of 5.0%. Among them, exports amounted to 3.38 trillion US dollars, a decrease of 4.6%; Imports reached 2.56 trillion US dollars, a decrease of 5.5%. From the perspective of polyolefin products, the import of plastic raw materials continues to experience a situation of volume reduction and price d... -
Analysis of Domestic Polyethylene Production and Production in December
In December 2023, the number of domestic polyethylene maintenance facilities continued to decrease compared to November, and the monthly operating rate and domestic supply of domestic polyethylene facilities both increased. From the daily operating trend of domestic polyethylene production enterprises in December, the operating range of the monthly daily operating rate is between 81.82% and 89.66%. As December approaches the end of the year, there is a significant decrease in domestic petrochemical facilities, with the restart of major overhaul facilities and an increase in supply. During the month, the second phase of CNOOC Shell's low-pressure system and linear equipment underwent major repairs and restarts, and new equipme... -
PVC: At the beginning of 2024, the market atmosphere was light
New Year's new atmosphere, new beginning, and also new hope. 2024 is a crucial year for the implementation of the 14th Five Year Plan. With further economic and consumer recovery and more explicit policy support, various industries are expected to see an improvement, and the PVC market is no exception, with stable and positive expectations. However, due to difficulties in the short term and the approaching Lunar New Year, there were no significant fluctuations in the PVC market at the beginning of 2024. As of January 3, 2024, the PVC futures market prices have rebounded weakly, and the PVC spot market prices have mainly adjusted narrowly. The mainstream reference for calcium carbide 5-type materials is around 5550-5740 yuan/t... -
Shrinking demand makes it difficult to push up the PE market in January
In December 2023, there were differences in the trend of PE market products, with linear and low-pressure injection molding oscillating upwards, while high-pressure and other low-pressure products were relatively weak. At the beginning of December, the market trend was weak, downstream operating rates declined, overall demand was weak, and prices slightly declined. With major domestic institutions gradually issuing positive macroeconomic expectations for 2024, linear futures have strengthened, boosting the spot market. Some merchants have entered the market to replenish their positions, and linear and low-pressure injection molding spot prices have slightly increased. However, downstream demand continues to decline, and the market transaction situation remains ... -
Happy New Year’s Day 2024
Time flies like a shuttle, 2023 is fleeting and will become history again. 2024 is approaching. A new year means a new starting point and new opportunities。On the occasion of New Year's Day in 2024, I wish you success in your career and a happy life. May happiness always be with you, and happiness will always be with you! Holiday period: December 30th, 2023 to January 1st, 2024, for a total of 3 days. -
Demand boosts the continuous increase in production of impact resistant copolymer polypropylene
In recent years, with the continuous growth of production capacity in the domestic polypropylene industry, the production of polypropylene has been increasing year by year. Due to the increasing demand for automobiles, household appliances, electricity, and pallets, the production of impact resistant copolymer polypropylene is growing rapidly. The expected production of impact resistant copolymers in 2023 is 7.5355 million tons, an increase of 16.52% compared to last year (6.467 million tons). Specifically, in terms of subdivision, the production of low melt copolymers is relatively large, with an expected output of about 4.17 million tons in 2023, accounting for 55% of the total amount of impact resistant copolymers. The proportion of production of medium high... -
Strong expectations, weak reality, polypropylene inventory pressure still exists
Looking at the changes in polypropylene inventory data from 2019 to 2023, the highest point of the year usually occurs during the period after the Spring Festival holiday, followed by gradual fluctuations in inventory. The high point of polypropylene operation in the first half of the year occurred in mid to early January, mainly due to the strong recovery expectations after the optimization of prevention and control policies, driving up PP futures. At the same time, downstream purchases of holiday resources resulted in petrochemical inventories falling to the low level of the year; After the Spring Festival holiday, although there was an accumulation of inventory in the two oil depots, it was lower than market expectations, and then inventory fluctuated and di... -
Let’s meet at the PLASTEX 2024 in Egypt
The PLASTEX 2024 are coming soon. Sincerely invite you to visit our booth then. Detailed info is below for your kind reference~ Location: EGYPT INTERNATIONAL EXHIBITION CENTER(EIEC) Booth number: 2G60-8 Date: Jan 9 - Jan 12 Believe us that there will be many new arrivals to surprise, hope we can meet soon. Awaiting your reply! -
Weak demand, domestic PE market still faces downward pressure in December
In November 2023, the PE market fluctuated and declined, with a weak trend. Firstly, demand is weak, and the increase in new orders in downstream industries is limited. Agricultural film production has entered the off-season, and the start-up rate of downstream enterprises has declined. The market mentality is not good, and the enthusiasm for terminal procurement is not good. Downstream customers continue to wait and see for market prices, which affects the current market shipping speed and mentality. Secondly, there is sufficient domestic supply, with a production of 22.4401 million tons from January to October, an increase of 2.0123 million tons from the same period last year, an increase of 9.85%. The total domestic supply is 33.4928 million tons, an increas... -
Review of International Polypropylene Price Trends in 2023
In 2023, the overall price of polypropylene in foreign markets showed range fluctuations, with the lowest point of the year occurring from May to July. The market demand was poor, the attractiveness of polypropylene imports decreased, exports decreased, and domestic production capacity oversupply led to a sluggish market. Entering the monsoon season in South Asia at this time has suppressed procurement. And in May, most market participants expected prices to further decline, and the reality was as expected by the market. Taking Far East wire drawing as an example, the wire drawing price in May was between 820-900 US dollars/ton, and the monthly wire drawing price range in June was between 810-820 US dollars/ton. In July, the month on month price increased, with... -
Analysis of Polyethylene Import and Export in October 2023
In terms of imports, according to customs data, the domestic PE import volume in October 2023 was 1.2241 million tons, including 285700 tons of high-pressure, 493500 tons of low-pressure, and 444900 tons of linear PE. The cumulative import volume of PE from January to October was 11.0527 million tons, a decrease of 55700 tons compared to the same period last year, a year-on-year decrease of 0.50%. It can be seen that the import volume in October decreased slightly by 29000 tons compared to September, a month on month decrease of 2.31%, and a year-on-year increase of 7.37%. Among them, the high pressure and linear import volume decreased slightly compared to September, especially with a relatively large reduction in linear imp... -
Polypropylene’s New Production Capacity within the Year with High Innovation Focus on Consumer Regions
In 2023, China's polypropylene production capacity will continue to increase, with a significant increase in new production capacity, which is the highest in the past five years. In 2023, China's polypropylene production capacity will continue to increase, with a significant increase in new production capacity. According to the data, as of October 2023, China has added 4.4 million tons of polypropylene production capacity, which is the highest in the past five years. Currently, China's total polypropylene production capacity has reached 39.24 million tons. The average growth rate of China's polypropylene production capacity from 2019 to 2023 was 12.17%, and the growth rate of China's polypropylene production capacity in 2023 was 12.53%, slightly higher than th...