The supply of the hottest synthetic resin grows fa

2022-08-06
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Synthetic resin: fast supply growth and slow demand growth

this year, China's synthetic resin will add 1.3 million tons of polyethylene capacity, 1.23 million tons of polypropylene capacity and 700000 tons of PVC capacity; The demand growth of domestic synthetic resin will still be restrained by the high price of domestic petrochemical products. It is estimated that the demand of China's five major synthetic resins will reach 35.8 million tons this year, an increase of 6.9% over 2005. In case of sudden power failure in the midway, polyethylene is about 11million tons, polypropylene is 8.95 million tons, and polyvinyl chloride is 8.8 million tons, an increase of 18.3%; The import volume was 18.22 million tons, a year-on-year decrease of 0.7%; The apparent consumption was 37.75 million tons, a year-on-year increase of 7.2%. The output of the five major synthetic resins in the same period was 20.3 million tons, a year-on-year increase of 16.9%; The import volume was 13.35 million tons, a year-on-year increase of 0.1%; The apparent consumption of the five major synthetic resins was 33.29 million tons, a year-on-year increase of 9%

it is estimated that the domestic synthetic resin will continue to maintain a rapid growth in 2006, and the consumption of the five major synthetic resins will reach 35.8 million tons, an increase of 7.4% over 2005

the high-speed growth of the world economy "pulls" the demand to increase. In 2005, the global GDP growth reached 3.2%. The rapid growth of the world economy has driven the demand for synthetic resins. According to CMAI forecast, the demand growth of synthetic resin in 2005 was lower than that in 2004, but it still maintained a high level in recent years. The demand growth of polyethylene (PE) in the world still exceeded 5%, that of polypropylene (PP) reached 6.1%, and that of other resins such as polyvinyl chloride (PVC), polystyrene (PS) and ABS also maintained a rapid growth, reaching 3.7%, 3% and 5.5% respectively

the domestic supply increment is large and the demand growth slows down. In 2005, the production capacity of the five major domestic synthetic resins continued to increase, of which PE increased by 1.5 million tons per year, mainly including Shanghai SECCO's 300000 tons per year linear low-density polyethylene (LLDPE) and 300000 tons per year high-density polyethylene (HDPE), Yangba's 400000 tons per year low-density polyethylene (LDPE), Daqing's 200000 tons per year LDPE and Jilin Petrochemical's 300000 tons per year HDPE; PP increased by 730000 T/A, mainly due to the increase of 250000 T/a by Shanghai Secco, 300000 t/a by Daqing Refining & Chemical Co., Ltd. and 100000 t/a by Yan'an refinery; PVC increased by 2.29 million tons/year, most of which were expanded by calcium carbide method, mainly concentrated in the central and western regions of China; PS has a new capacity of 320000 T/A, mainly because Shanghai Secco has increased its production capacity of 300000 t/A. In 2005, the output of the five major synthetic resins in China was 20.31 million tons, an increase of 16.9% over the previous year, including 5.04 million tons of PE, an increase of 16.4% year-on-year; PP was 5.23 million tons, a year-on-year increase of 10.1%; PVC was 6.49 million tons, a year-on-year increase of 29.0%. PVC continues to be the main driving force for the growth of domestic synthetic resin production

in 2005, the import volume of China's five major synthetic resins reached 13.35 million tons, an increase of 0.05% year-on-year, including 5.26 million tons of PE, an increase of 9.7% year-on-year; PP import was 3.02 million tons, a year-on-year increase of 3.8%; PVC paper strength testing machine, also known as paper strength tester, imported 1.66 million tons, a year-on-year decrease of 21.3%. The substantial increase in domestic production significantly reduced the import growth of the five major synthetic resins in 2005

in 2005, the apparent consumption of the five major synthetic resins in China was 33.29 million tons, an increase of 9.0% over the previous year, of which the apparent consumption of PE was 10.24 million tons, an increase of 12.5% over the previous year; PP is 8.23 million tons, with a year-on-year increase of 7.6% in the best operating temperature; PVC was 8million tons, a year-on-year increase of 12.7%. In 2005, although the domestic synthetic resin was affected by the high price and the demand growth was restrained, the high-speed growth of PE and PVC still made the domestic synthetic resin demand maintain a high growth

the demand for synthetic resin mainly depends on the rapid development of downstream processing industry. In 2005, the output of plastic products of national state-owned and non-state-owned enterprises with an output value of more than 5million yuan reached 21.98 million tons, a year-on-year increase of 12.9%. At the same time, the export of domestic plastic products continued to maintain a high-speed growth trend. In 2005, the export was 8413000 tons, an increase of 11.1% over the previous year

a new capacity of 3.04 million tons was formed throughout the year. It is expected that the domestic and foreign economy will continue to grow steadily in the second quarter of 2006, and the demand for synthetic resin market will rise steadily

2006, with the production of CNOOC and shell and the formal operation after the reconstruction and expansion of Jihua and Daqing Ethylene, the domestic supply will increase to a certain extent. At the same time, Lanzhou and Maoming ethylene, which have completed the transformation in the second half of the year, will also be put into practice, which will further increase the supply capacity of China's synthetic resin. It is estimated that in 2006, China will add 1.3 million tons of PE production capacity and 1.23 million tons of PP capacity. At the same time, PVC capacity expansion will continue, and it will also increase the production capacity by 700000 tons

according to the current plan, the polyolefin unit will be put into operation in the second half of 2006, which will have a certain impact on the market price in the second half of 2006

demand growth "moves forward" steadily

in 2006, the world demand for synthetic resin will still maintain a certain growth. According to CMAI prediction, the world demand for synthetic resin will remain at 3.5%~ 4%, of which PE is 4.1%, PP is 5.2% and PVC is 3.7%

from the perspective of domestic synthetic resin demand in the second quarter of 2006, the production of construction, packaging, household appliances, daily necessities and other industries will gradually recover, and their demand will also increase steadily

domestic synthetic resin demand is closely related to the demand of downstream industries. At the same time, its demand growth has a certain correlation with the growth of domestic GDP. Considering that the price of domestic petrochemical products will remain at a high level in 2006, the demand growth of domestic synthetic resin will still be restrained. It is estimated that the demand of China's five major synthetic resins will reach 35.8 million tons in 2006, an increase of 6.9% over 2005. Among them, PE is about 11million tons, PP is 8.95 million tons and PVC is 8.8 million tons

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