Shanghai Daoqin Plastics Co., Ltd.

         new increase production capacity start production supply add 剧

        据安迅思 most new 消息, USA large capacity expansion effect/influence, full polyethylene (PE) (PE) market 2019 year already 经陷入 supply 剩 困境, 2020 year will more large pressure. but also, also has more more new increase PE production capacity will start production, PE production profit will maintain low 迷.

         production capacity still will large increase

        安迅思 supply and demand data 显示, 2019 year full new increase 695 10,000 tons / year PE production capacity. this USA new increase 116 10,000 tons / year type low density polyethylene (PE) (LLDPE), 82 10,000 tons / year low density polyethylene (PE) (LDPE) and 86 10,000 tons / year high density polyethylene (PE) (HDPE);俄罗斯 new increase 80 10,000 tons / year LLDPE and 70 10,000 tons / year HDPE; China new increase 60 10,000 tons / year LLDPE and 60 10,000 tons / year HDPE; Malaysia new increase 35 10,000 tons / year LLDPE and 40 10,000 tons / year HDPE; Korea new increase 20 10,000 tons / year LLDPE and 20 10,000 tons / year HDPE;伊朗 new increase 14 10,000 tons / year HDPE;阿塞拜疆 new increase 12 10,000 tons / year HDPE.

        2020 year, full will new increase 834 10,000 tons / year PE production capacity: China new increase 182.5 10,000 tons / year LLDPE and 298.5 10,000 tons / year HDPE; USA new increase 55 10,000 tons / year LLDPE and 105 10,000 tons / year HDPE;阿曼 new increase 44 10,000 tons / year LLDPE and 44 10,000 tons / year HDPE;印 degree 尼西亚 new increase 40 10,000 tons / year LLDPE;俄罗斯 new increase 40 10,000 tons / year LDPE;菲律宾 new increase 25 10,000 tons / year HDPE.

         price already 打响

         in growth 放缓, in trade 战 背景 lower, PE price already 经打响. PE production profit rate positive in decline, especially in market.

        2019 year, USA 以页岩 gas is raw materials PE production new production capacity export volume in increase. due to China this key/critical market tariff high 达30%, USA PE production 商一直 in new market, in 亚洲, Africa and Europe and other other increase export 份额. USA PE production is add large export drop 价, price in 一 区 already 经展开. currently, PE price already 经跌至2008 year melt machine most low water 平.

         USA 以乙烷 is raw materials 一体化PE production has full most low raw materials cost, therefore has 进一步 drop 价 空间, meanwhile still can maintain 盈利, 但亚洲石脑油裂 understanding plant/unit 运营商 情况则 different. ethylene and PE production profit already large lower slip, slip loss 区间, can can already 跌至 10 year most low water 平. understanding plant/unit 运营商们 positive in 考虑削 decrease plant/unit construction start rate.

        2020 year 1 month, 亚洲PE market outlook/prospects still 然看跌, main/primary is below/following 几方面 causes effect/influence: is PE demand low 迷;二 is production 商 库存;三 is USA enterprise product combined company and Navigator位于休斯敦航道Morgan Point newly built PE export 终端投 use.

         in Europe, tube/pipe PE production 商也受 to USA PE流入 effect/influence, 但他们 profit rate still is positive. 不, 12 month 6 day, ExxonMobil 关闭 位于 France sleeve/set understanding plant/unit. company 称, PE production to many external factors effect/influence, to its belt/tape large pressure.

         supply add 剧

         market expected, 2020 year, full 球PE production capacity increase speed will add fast, is China will USA formed is PE production capacity growth main/primary 国家. tube/pipe China project can can 会推迟, full 球PE market still can can supply add 剧 困境. especially is if lower demand growth 继续放缓, this type of 情况会 more 突出.

         analysis 人士认 is, although in di currently formed stage/phase agreement, this in 一定程 degree upper has chemical product trade, full 球经济 growth large ring 境依然会 for 提振PE market generate pressure.