How The Price Of Polyresin Of China Change In The Begining Of 2018!

- Mar 14, 2018 -

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How the price of polyresin of China change in the begining of 2018!

  With the release of the new oil route olefin/polyolefin production capacity and coal-to-olefin/polyolefin production capacity during the “Eleventh Five-Year Plan” period, the pattern of synthetic resin shortage in China is quietly changing. Since 2009, China's newly added synthetic resin production capacity has exceeded 4.5 million tons per year. In addition to the new production capacity of PetroChina and Sinopec, the company also has 200,000 tons of polypropylene (a cumulative capacity of 300,000 tons) of the Shaanxi Yanchang Group and 600,000 tons of coal-based olefins of the Shenhua Group (300,000 tons of polypropylene, 30 Million tons of polyethylene), Shenhua Ningdong 500,000 tons of coal-based polypropylene and Datang Energy 460,000 tons of coal-based polypropylene (commissioned trial) and other new production capacity. The commissioning of these devices not only increased the supply of domestic synthetic resin, but also broke the domestic monopoly of China Petroleum and Sinopec synthetic resins. Especially Shenhua Baotou Methanol to Olefin Plant, the total cost of olefins is less than 8,000 yuan, which is 2,000 to 3,000 yuan lower than the oil route, which has obvious competitive advantages. In the current situation where demand for synthetic resin is not high and inventory pressures of various companies are continuously increasing, once Yanchang Petroleum Group and Shenhua Group take the lead in lowering prices, they will force PetroChina and Sinopec to lower the listed prices of related products, which in turn will drive down the overall price of synthetic resin.

    This year, among the five general-purpose synthetic resins, the price of polypropylene (PP), polyethylene (PE), polystyrene (PS), and ABS fell overall, except that the price of polyvinyl chloride (PVC) was slightly firmer. As of last weekend, the price of domestic PP homopolymer wire drawing materials was between RMB 12,100 and RMB 12,600 (t price, the same below), which was RMB 500 less than that in mid-May and RMB 300 less than that at the beginning of the year; PS universal material was priced at RMB 11,300 to RMB 1,190. Compared with the mid-May decline of 2400 yuan, compared with the beginning of the year fell 2300 yuan, a decrease of more than 20%; high resistance material market price in 13000 ~ 14100 yuan, 300 yuan lower than in mid-May; domestic ABS market price fell below 16,000 yuan Respectively, they fell 1600 yuan and 2,300 yuan compared with the mid-May and early-year periods. Although the trend of imported ABS prices was relatively stable, they still broke through the 18,000 yuan mark, which was 500 yuan less than that in mid-May. The LLDPE spot price was between 10,200 and 10,600 yuan. In mid-May and early-May, they fell 6.8% and 9% respectively; LDPE spot prices were in the range of 12,600 to 13,600 yuan, down 800 yuan and 1,200 yuan from the mid-May and early-May prices respectively; and HDPE prices were down 5% from the mid-May and early-May prices respectively. 6.5%. This week, the price of the four general-purpose synthetic resins except PVC fell sharply from 200 to 600 yuan last week.

 

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2018-03-14


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