“At present, manufacturers in Korea, the United States, and the Middle East have shifted their domestic crisis to target the Chinese market and dumped their organic and synthetic resin products at extremely low prices, which seriously interfered with the normal order in the Chinese market.†Industry sources said.
Products squeezed by imported goods
It is understood that at the end of October, the foreign offer of linear low density polyethylene equivalent to about RMB 85,100 per ton, 789 yuan lower than the domestic market price; polypropylene foreign quote 7234 yuan per ton, lower than the domestic price of 1366 yuan.
According to customs data, the average price of propylene imports in October was US$1126.5 per ton, which is equivalent to RMB3,540 lower than the average price in the domestic market; the average price of ethylene glycol imports was US$814.6 per ton, which is equivalent to RMB3,381 per ton lower than the domestic average price. Caprolactam is about 2,600 yuan less per ton than domestic prices.
South Korea is one of the major importers of organic chemical products and synthetic resin products in China. In September, China imported 81,000 tons of polypropylene from South Korea, accounting for 32.5% of total imports; imported polyethylene was 64,400 tons, accounting for 20.1%; imported pure benzene was 16,100 tons, accounting for 64%.
Due to the squeezing of imported products, the production of domestic organic raw materials and synthetic resins continues to decline. In October, ethylene production fell by 3%, synthetic resin fell by 11%, and PVC production fell by 33%. According to incomplete statistics, as of the end of October, the operating rate of domestic ethylene companies fell by 30%.
According to statistics from the China Chlor-Alkali Association, in 1997, 97 PVC production enterprises across the country stopped production, 17 companies had about half of the operating rate, and less than one-third of companies were able to barely maintain normal production. The average operating rate of caustic soda enterprises is only 50% to 60%. In addition, production capacity of phthalic anhydride was cut off by 60%, production capacity of plasticizer was cut by 50%, and production capacity of o-xylene was cut by 50%. The operating rate of polyethylene and polypropylene decreased by 30%. The entire organic raw materials and synthetic resin industry has been at a loss.
The product backlog is serious and the operating rate of the company is low
As the demand in the domestic market continued to slump, in October, the production and sales ratio of chemical fertilizers continued to decline at 92.5%, down 6.1 percentage points year-on-year and down 0.4 percentage points month-on-month, of which the sales rate of phosphate fertilizer was only 79%, a year-on-year decrease of 17.6%, and a month-on-month decrease of 6 Percentage.
At the same time, the inventory of chemical fertilizers remains severe. It is understood that, as of the end of October, ammonium phosphate inventory of 2.8 million tons, 1.8 million tons of compound fertilizer inventory; according to 112 large and medium-sized nitrogen fertilizer companies survey showed that its total urea inventories 1.289 million tons, an increase of 28%. In early November, the ex-factory price of urea was still under 1,800 yuan per ton, and diammonium phosphate was around 3,300 yuan. The operating status of fertilizer companies remains grim.
According to a sample survey conducted by the China Nitrogen Fertilizer Association at the end of October for 190 nitrogen fertilizer companies across the country, 40 companies have stopped production and the production shutdown has reached 21.1%. Fertilizer production is the largest province in Shandong with 26 urea companies. There are 12 companies that have stopped production and 13 companies have suffered losses. Production and management are in trouble.
In November, the price of calcium carbide continued to decline and it had fallen below 3,000 yuan per ton. In November, the operating rate of calcium carbide enterprises in the country was only about 15%; the price of PVC fell to between 5,100 yuan and 5,400 yuan per ton, and the company suffered losses. Intensified, the industry situation further deteriorated.
It is also known that after the end of October, the price of soda ash dropped sharply. In mid-November, the price of soda ash had dropped to 750-800 yuan per ton, which was a decrease of about 1,700 yuan from the highest figure of 2,500 yuan this year. The price monitoring also showed that in October, the average price of propylene dropped by 19.3%, the price of toluene fell by 20.2%, the price of styrene fell by 28%, the price of low-density polyethylene decreased by 22.5%, the price of polypropylene decreased by 19%, caprolactam The price fell by 16.7% from the previous month; the price of natural rubber fell by 16.7% from the previous month. At present, the prices of inorganic products such as sulphuric acid, nitric acid and sulphur which have been increasing in the early stage continue to drop at a low level.
Products squeezed by imported goods
It is understood that at the end of October, the foreign offer of linear low density polyethylene equivalent to about RMB 85,100 per ton, 789 yuan lower than the domestic market price; polypropylene foreign quote 7234 yuan per ton, lower than the domestic price of 1366 yuan.
According to customs data, the average price of propylene imports in October was US$1126.5 per ton, which is equivalent to RMB3,540 lower than the average price in the domestic market; the average price of ethylene glycol imports was US$814.6 per ton, which is equivalent to RMB3,381 per ton lower than the domestic average price. Caprolactam is about 2,600 yuan less per ton than domestic prices.
South Korea is one of the major importers of organic chemical products and synthetic resin products in China. In September, China imported 81,000 tons of polypropylene from South Korea, accounting for 32.5% of total imports; imported polyethylene was 64,400 tons, accounting for 20.1%; imported pure benzene was 16,100 tons, accounting for 64%.
Due to the squeezing of imported products, the production of domestic organic raw materials and synthetic resins continues to decline. In October, ethylene production fell by 3%, synthetic resin fell by 11%, and PVC production fell by 33%. According to incomplete statistics, as of the end of October, the operating rate of domestic ethylene companies fell by 30%.
According to statistics from the China Chlor-Alkali Association, in 1997, 97 PVC production enterprises across the country stopped production, 17 companies had about half of the operating rate, and less than one-third of companies were able to barely maintain normal production. The average operating rate of caustic soda enterprises is only 50% to 60%. In addition, production capacity of phthalic anhydride was cut off by 60%, production capacity of plasticizer was cut by 50%, and production capacity of o-xylene was cut by 50%. The operating rate of polyethylene and polypropylene decreased by 30%. The entire organic raw materials and synthetic resin industry has been at a loss.
The product backlog is serious and the operating rate of the company is low
As the demand in the domestic market continued to slump, in October, the production and sales ratio of chemical fertilizers continued to decline at 92.5%, down 6.1 percentage points year-on-year and down 0.4 percentage points month-on-month, of which the sales rate of phosphate fertilizer was only 79%, a year-on-year decrease of 17.6%, and a month-on-month decrease of 6 Percentage.
At the same time, the inventory of chemical fertilizers remains severe. It is understood that, as of the end of October, ammonium phosphate inventory of 2.8 million tons, 1.8 million tons of compound fertilizer inventory; according to 112 large and medium-sized nitrogen fertilizer companies survey showed that its total urea inventories 1.289 million tons, an increase of 28%. In early November, the ex-factory price of urea was still under 1,800 yuan per ton, and diammonium phosphate was around 3,300 yuan. The operating status of fertilizer companies remains grim.
According to a sample survey conducted by the China Nitrogen Fertilizer Association at the end of October for 190 nitrogen fertilizer companies across the country, 40 companies have stopped production and the production shutdown has reached 21.1%. Fertilizer production is the largest province in Shandong with 26 urea companies. There are 12 companies that have stopped production and 13 companies have suffered losses. Production and management are in trouble.
In November, the price of calcium carbide continued to decline and it had fallen below 3,000 yuan per ton. In November, the operating rate of calcium carbide enterprises in the country was only about 15%; the price of PVC fell to between 5,100 yuan and 5,400 yuan per ton, and the company suffered losses. Intensified, the industry situation further deteriorated.
It is also known that after the end of October, the price of soda ash dropped sharply. In mid-November, the price of soda ash had dropped to 750-800 yuan per ton, which was a decrease of about 1,700 yuan from the highest figure of 2,500 yuan this year. The price monitoring also showed that in October, the average price of propylene dropped by 19.3%, the price of toluene fell by 20.2%, the price of styrene fell by 28%, the price of low-density polyethylene decreased by 22.5%, the price of polypropylene decreased by 19%, caprolactam The price fell by 16.7% from the previous month; the price of natural rubber fell by 16.7% from the previous month. At present, the prices of inorganic products such as sulphuric acid, nitric acid and sulphur which have been increasing in the early stage continue to drop at a low level.
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