Shanghai Daoqin Plastics Co., Ltd.

        一, 2020 year inner PP expand can

        (备注: above plant/unit more is plan start production, inner and environmental protection and other 各方面 factors effect/influence, start production plan in can can)

        2020-2021 year polypropylene (PP) inner start production pressure in, expected year still has more 10,000 tons plant/unit start production, expected year growth rate high 达22% above, although to separation plant/unit has start production plan, production capacity fast speed expand already formed is 不争 事实. future 4 year, remove China chemical industry production capacity, PDH production capacity and chemical industry production capacity increase outer, outer 围 看, 北美, 南亚, in 东, Southeast Asia and 独联体 区均 has new production capacity 投放, its in, China, Japan and Korea is table/sheet 东北亚 区PP production capacity most large. process 方面, future 4 year newly built PP production capacity project process, still 然坚持 more 元化特 color, made, made, MTO/MTP process, PDH process has. 域方面, production capacity distribution 呈现偏 toward development demand and toward 煤资源 集 in 特征. remove outer, 华北, and 华南 区均配备不 less PP production capacity, 一定程 degree meet/satisfy 本 区 经济 development demand.

        二, future PP table/sheet 观消费 amount 预估

        2016-2020 year PP table/sheet 观消费 amount 呈现不规则“V”字 type 走势, 2020 year rear inner production capacity upper rise rear has 进入逐步放缓期, table/sheet 观消费 in 2020 year rear will 呈现震荡 small lower trend. upper can 发现, 2016-2017 year inner table/sheet 观消费 amount high 位, in 2018 year 急剧出现 low rear fast speed rise, 主因2016-2017 year positive is inner 经历西北 区煤 chemical industry production capacity rear, in supply 期, market demand in 稳步攀 rise, 助推国 inner table/sheet 观消费 amount high 位, 但进入2018 year rear environmental protection and 资金收紧 and other 各方面 factors made 约, front expected start production plant/unit more 数推迟, 导致2018 year expand can amount decrease/reduce, meanwhile Imported amount year-on-year increase 幅逐步 decline, 导致2018 year table/sheet 观消费 amount decline trend. 2019 year -2020 year expand can again 次进入 high 峰期, 助推国 inner table/sheet 观消费 amount again rise high 位. 2020-2023 year, table/sheet 观消费 amount growth, 但因基数偏 large, increase speed or will 放缓.

        三, future PP market forecast

         future year, China PP market price 波动幅 degree small front year, high has 望出现 in year 三四五 month and 金九银十 market trends. new plant/unit start production, 业者悲观预期 increase, polypropylene (PP) supply and demand in 二三季 degree has obvious toward good, expected 2020 year degree 末, degree PP price fast speed fall, wire drawing low has 望打破2019 year water 平, in 7500元/吨 below/following, high low 于2019 year high 位, 维持9200元/吨附近.

         macro 面, 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, and outer macro 风险事 parts, for large product price effect/influence. demand 悲观预期 already obvious, lower manufacturing enterprise profit maintain low 位.

         meanwhile, new plant/unit start production belt/tape supply amount increase, supply and demand 矛盾不 decrease, future year, polypropylene (PP) market trends upper 探寄希望于 stage/phase property lower demand good and macro policy 落. policy and function 尚待显现, short inner for polypropylene (PP) lower demand has 限. 另, 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 relatively large growth 预期, demand increase or will short inner large injection molding, low copolymer price and product 价差.