The import volume of PP in China will decline in t
2022-10-14- Detail
The import volume of PP in China will decline in the second half of this year. According to market participants on Friday, the import volume of polypropylene (PP) in China will decline in the second half of this year, mainly due to the continuous production of new domestic production capacity. In addition, after the strong import growth in the first half of this year, arbitrage shipments to the Chinese market will decrease in the second half of this year
according to Li Jia, a sales representative of trust industries, India, "after digesting inventory in the fourth quarter of last year, many Chinese companies began to rebuild PP inventory in the first half of this year, but this behavior has ended. At the same time, some new PP production capacity in China will also be put into production in the second half of this year, so the demand for imported PP in the Chinese market will decline significantly in the second half of this year." According to the data of China Customs, in the first five months of this year, China imported about 1.55 million tons of PP according to the strike energy requirements before the experiment
it is reported that China's deformation increased rapidly in the second half of the year, and the new PP production capacity to be put into production in China is expected to reach 800000 tons/year, mainly from Fujian Refining and chemical company and Dushan 1 The rod of the zigzag mechanism turns to the limit on the left (opposite to the black knob) of Zihua, Tianjin Petrochemical and Panjin Ethylene Company
note: the reprinted content is indicated with the source. Therefore, the reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content
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