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In the face of the increasing PP capacity expansion situation, the growth rate of domestic PP downstream demand worries market participants
.
1.
Analysis of changes in demand for plastic products
Analysis of changes in demand for plastic products
According to the analysis of plastic product output data from 2010 to 2020, the growth rate of domestic plastic products showed a gradual slowdown trend, especially after the high level in 2014, the overall growth rate of plastic products showed a downward trend
.
2.
Upgrading the competitive landscape of raw material diversification
Upgrading the competitive landscape of raw material diversification
From the comparative analysis of PP raw material production capacity from 2016 to 2019, it is found that the coal-to-olefin production capacity has the fastest growth rate, from 3.
36 million tons in 2016 to 6.
33 million tons in 2019, an increase of 2.
97 million tons
.
3.
Import dependence is declining year by year
Import dependence is declining year by year
In 2019, the import dependence of PP showed a weak and fluctuating situation.
The total import volume from January to October 2019 was 20.
9919 million tons, an increase of 1.
4032 million tons or 7.
16% from January to October 2018 (total 19.
5887 million tons)
.
Fourth, domestic supply and demand game import dependence still exists
Fourth, domestic supply and demand game import dependence still existsIn the face of the rapid expansion of domestic PP, the imbalance between market supply and demand has gradually become prominent
.
