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Recently, a heavy news came out that the Guangdong-Hong Kong route will face early suspension! A barge company has issued an announcement that it is expected that Hong Kong and Macau barge services will not be available from January 20, 2021 to February 21, 2021
.
At present, shipping companies such as OOCL, ONE, and Hapag-Lloyd have announced that from January 2021, they will suspend bookings for some ports in southern China
.
The decline in the service capacity of Guangdong-Hong Kong barges will affect the connection market in the entire southern China.
For the plastics market, the import volume will undoubtedly decrease
.
For example, imported PE: In 2019, China re-exported a total of 433,500 tons of LLDPE from Hong Kong
.
In fact, under the influence of this year's epidemic, the operating rate of foreign PE manufacturers is relatively low, and the overall supply of imported PE is relatively limited
.
In addition, from the perspective of the specific flow of PE re-exported from Hong Kong, PE re-exported from Hong Kong mainly goes to South China Customs such as Huangpu, Shenzhen, Guangzhou, Xiamen, etc.
, accounting for 50%
.
That is to say, half of the PE transshipped from Hong Kong will flow to southern China such as Guangdong and Fujian, so the biggest impact of this outage will be the PE imports in southern China, and the reduced imports will be about 50,000 tons
.
