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Analysis on the development status and future development trend of Chinas plastics industry

Date of release:2016-07-27 Author: Click:

Since last year, the financial crisis has brought great impact on the plastics industry and tremendous pressure on low-cost plastic products in the Middle East. The current Chinese plastics industry is facing a test of survival and development. In addition to government support, corporate strategy Transformation is very important.

The outbreak of the financial crisis is almost deadly for the Chinese plastics industry. The export of plastic products such as plastic toys, artificial leather, packaging and silk ropes has shrunk rapidly, causing a large number of plastic production enterprises to close down. The China Plastics Industry Association's 2009 plastics industry report shows that one in four plastics companies lost money this year. However, Liu Mingfu, deputy general manager of marketing of Guizhou Zunyi Chlor-Alkali Co., Ltd. told the author: The actual situation may be much worse than the statistics. For example, PVC (polyvinyl chloride) production enterprises are losing money in the whole industry. There are indications that the current Chinese plastics industry is facing a big test. If it fails, the consequences will be unimaginable. Among them, the joint efforts and rational licensing of the government and enterprises are crucial.

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Insufficient demand, industry downturn, the Middle East is coming: This is the sorrow of the industry that can be heard everywhere in the 2009 China Plastics Industry Conference.

In June of this year, the results of the free trade zone negotiations between China and the Gulf Cooperation Council in Riyadh, the capital of Saudi Arabia, made many plastics companies breathe a sigh of relief. China finally did not join the SCO, the most important new ethylene in the Middle East that Chinese companies are worried about. Production projects have not actually been put into production.

It is understood that in 2009 the Middle East will have five new ethylene cracking projects commissioned, mainly ethylene produced by the ethane process. After the five major projects are put into production, the annual ethylene production capacity in the Middle East will increase from 16.9 million tons in 2008 to 28.1 million tons in 2012. In the Middle East, ethylene production capacity will increase by 7.1 million tons in 2009, of which Saudi Arabia's new capacity will exceed 4 million tons / year, Iran's new capacity will exceed 1 million tons / year, Kuwait's new capacity will be 850,000 tons / year, Qatar's new capacity 975,000 tons / year. These five ethylene cracking projects are only initially intent. After the intention is reached, there has been no actual production due to the impact of the crisis. There is no date when the production is completed, so the ethylene price of China's imports has not plummeted. However, low-cost plastic products in the Middle East are still the sword of Damocles hanging over Chinese companies.

China Customs import and export statistics show that from June to July this year, China imported more than 400,000 tons of HDPE (high-density polyethylene) per month; LDPE (low-density polyethylene) has exceeded monthly imports since February. 100,000 tons, a record high in imports. In the first four months of this year, the supply of polyolefins from the Middle East increased significantly. Among them, Saudi Arabia has been ranked as the second largest importer of polypropylene in China, and exported about 160,000 tons to China, an increase of more than 400% year-on-year; Iran exported 89,500 tons of high-density polyethylene to China, becoming the fourth largest importer in China. The country, while exporting only 47,500 tons to China in the same period last year. It must be said that Iran has a lot of crude oil and natural gas, and ethane is very cheap, which is arguably the best advantage of Iranian petrochemical products. 50% of the ethylene products produced in Iran are aimed at China, which will obviously have an impact on Chinese products.

The address of this article:http://www.3delements.hk/news/362.html

Key word:plasticsindustry,ABSindustry,PLAindustry

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