Shanghai Daoqin Plastics Co., Ltd.

        导语: statistics most new 公布规模 above industrial increase value data growth year-on-year 持续走 low, through separation industry degree analysis increase speed low 情况, most from China industrial export value increase speed lower slip in in trade is for full trade effect/influence, for China export trade effect/influence, plastics products export industry especially add 剧, polyethylene (PE) polypropylene (PP) and other industry deep effect/influence, price still in upper.

        一, above industrial increase value lower slip

        国际 statistics most new 公布10 month data 显示经济持续 lower pressure still relatively large. 2019 year 10 month 份, above industrial increase value year-on-year growth 4.7%(below/following increase value increase speed is remove price factors growth rate), ratio 9 month 份回落1.1 百 separation 点. from month-on-month 看, 10 month 份, above industrial increase value ratio upper month growth 0.17%. 1—10 month 份, above industrial increase value year-on-year growth 5.6%.

        如图 示, from above industrial increase value year-on-year upper 看, year 持续走 low 态势, 显示经济 lower 行持续. from above industrial increase value year-on-year upper 看, 8 month value 4.4%, one-time 跌破4%关口, 创17 year new low, 9 month 份5.8%, lower 行看似暂缓, 10 month again lower 5%关口达 to 4.7%, lower pressure add large. USA 经济本 一枝独秀, 连续三 month ISM manufacturing 业PMI low 于50 荣枯线, degree GDP初 value decline, decline, make full 球就经济 growth non can can 进入“共振”, in trade and other 不确定 factors, add lower pressure.

        二, raw materials and industrial increase value 情况不容乐观

        10 month 份, chemical raw materials and chemical product manufacturing increase value year-on-year growth 3%, and plastics products increase value year-on-year growth 3.9%, lower products increase speed also is fast upper raw materials, increase speed 差连续三 month narrow, 源于10 month products decline speed degree fast raw materials. year 10 month 份PE, PP and other plastics raw materials price lower slip 序幕, products increase speed obvious low raw materials, 总体看随 raw materials price fall, product cost reduce, from plastics products growth degree products industry currently 形势略 good year.

        1-10 month 份, chemical raw materials and chemical product manufacturing increase value year-on-year growth 4%, and plastics products increase value year-on-year growth 4.8%, year inner 两者呈现持续 decline 态势. increase speed and upper month unchanged, relatively front several month has expand large, table/sheet raw materials price decline 支撑 终端产出 increase speed. plastics products industrial increase value year-on-year also is year-on-year, data high year 同期, table/sheet plastics lower industry good plastics raw materials.

        三, in trade lower export value increase speed accelerated lower slip

         export value: is industrial enterprise 自营(委托) export (包括销往香港, 澳门, Taiwan 区) or to outer 贸部门 export product value, and outer 商 样, material processing, parts assembly and trade and other production product value. export value and export different, export essence upper is demand indicators, amount is export product value, 即不一定 is production;而 industrial export value is production, 本期交 to outer 贸经营部门 or export product value, therefore it more can table/sheet 当期供 to true gas degree.

         in trade 战迟迟不 can 结束, full trade large effect/influence, not only effect/influence USA lower slip, more more effect/influence China increase speed. from industrial export value upper 看, chemical raw materials and chemical products material year-on-year also is year-on-year lower slip 态势, comparison heavy is year-on-year also is ratio is negative value, add expand large 态势. and plastics products good, year-on-year negative value, ratio negative value. data table/sheet in trade effect/influence China chemical industry industry and industry export. in trade 局势越 is 不明朗, enterprise in 谨慎预期 lower decrease/reduce production, plastics products industry export USA also is has 一定份额. is PE and other raw materials Imported USA more 一.

        综 upper above, macro data 反映 情况, products industry export low 迷, PE, PP plastics raw materials price still 旧不乐观. macro lower market trends lower, most good 顺势而 is. from combined formed material and plastics products price upper 看, year-on-year 持续走 low, has 见底信号.