Shanghai Daoqin Plastics Co., Ltd.

        2019 year 12 month, plant/unit relatively less, in enterprise construction start high 位, high supply low for market formed pressure made, Hengli 石化二期 already 试车, construction start 不足, for market formed pressure. supply increase speed relatively fast, supply and demand will rise grade.

        2020 year, plant/unit high in in 5/6 month 份, separation large type plant/unit (茂名石化, 镇海炼化 and other)都 has plan. meanwhile, separation chemical industry plant/unit 恰逢检修 year (延 long can 化, in combined and other), loss amount in 5 month to high 峰.

        2020 year polypropylene (PP) inner plant/unit start production pressure relatively large, new plant/unit start production belt/tape supply amount increase, supply and demand 矛盾不 decrease, future year, China PP market price high small front year, high has 望出现 in 金九银十 market trends, to 浙石化 and other plant/unit in front rear start production, rear 期逐步释放 output/production volume, add 之春节 small long false effect/influence, supply 面库存累积, pressure increase large, demand 面存悲观预期, tube/pipe degree plant/unit relatively more, new production capacity pressure, expected 2020 year 二, degree PP price fast speed fall, wire drawing low has 望打破2019 year water 平, in 7000元/吨 below/following.

         future new plant/unit start production belt/tape supply amount increase, supply and demand 矛盾不 decrease, add full 球经济 increase speed lower already is 不争事实, China increase speed lower pressure relatively large, add trade 壁垒 不确定 property, demand 悲观预期 already obvious, expected lower manufacturing enterprise profit maintain low 位. from focus/key point 关注随 人们生 active water improve/increase and separation environmental protection 整治, can home appliances, waste classification and other demand growth 预期.