www.companiesandmarkets.com: China Resin Industry Report 2007 to ...

Tag : resin
www.companiesandmarkets.com: China Resin Industry Report 2007 to2010

Released : Thursday, October 30, 2008 1:21 PM
RDATE:29102008
-www.companiesandmarkets.com adds new report: China Resin IndustryReport 2007 to 2010
China is one of the five key synthetic resin consumption countriesin the world. Since 2007, because the downstream demand increasesrapidly, the production of synthetic resin has been on a steadyascending trend. The output of polypropylene has a sharp increase,which had an obvious effect on promoting the total output ofsynthetic resin.
From Jan. to Oct. of 2007, the national accumulative output ofsynthetic resin reached 22.5 million tons, up 18.48% year on yearand its growth rate was 0.55 percentage points higher than the sameperiod of last year, of which, the accumulative output of PVC resinreached 7.2 million tons, up 20.37% year on year and its growthrate was 2.91 percentage points lower than the same period of lastyear; the accumulative output of polythene resin and polypropyleneresin respectively reached 5.1 million tons and 5.2 million tons,up 17.29% and 22.82% year on year respectively and their growthrate respectively increased 2.68 percentage points and 7.17percentage points than the same period of last year. As the keybranch of petrochemical industrial chain,
synthetic resin keeps a rapid increase and its output andproduction value both increased over 15%.
Meanwhile, China synthetic resin has high dependency on the import,especially those special materials and high-grade materials.Because of this reason, though China is the biggest synthetic resinimport country in the world, it cannot decide the price, especiallythe resin varieties that it cannot produce by herself, whose pricesadopt the international price. At present, the crude oil pricestill keeps high and the prices of the resin products are also onan ascending trend all the time. Chinese clients have to accept allof these passively. The production units for the synthetic resinproducts such as polyolefin mostly depend on the foreigntechnology. Some manufacturers apply the domestic technology, yetonly for small units. The self-development ability of theengineering plastics production technology is weaker and has notreached the industrial production standard. Chinese polystyreneequipment also adopts the technologies from abroad or Taiwan ofChina.
So, achieving the independent innovation and strengthening R&Dhave become the common point of view for the global resin industry.In the long term, with the continuous development of Chinatechnology and economy, the demand for the high-performanceproducts will increase continuously. Maybe the supply cannot meetthe demand in the high-performance synthetic resin market while theproduction capacity would be surplus in the general synthetic resinmarket. It is expected that China consumption of synthetic resinwould achieve above 45 million tons by 2010 and the averageincrease rate would be 6.5% in the next five years, of which, thegrowth rate of PE will be 6.6%, the growth rate of the high densitymaterial would be higher than that of the low density material; thegrowth rate of PP would be 8.9%, PVC 5.6%, PS 3.4% and ABS 4.8%.The prospective output would maintain a steady increase on thepremise that the demand increases steadily.
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