The plastics industry is in urgent need of control capacity expansion speed
The plastics industry is in urgent need of control capacity expansion speed
As domestic industrial structure adjustment, plastic supply pattern transformation, PE in five general plastics capacity proportion from the second in 2011 fell to 2015 in the third, and PVC gradually to capacity, and accounted for in the five general plastics production has fallen dramatically.
PVC production capacity of 2011 45% in the five general plastics, followed by 22% capacity, PE PP capacity is slightly less than PE, ABS and PS capacity accounted for 6% and 5%, respectively. 2015 PVC production capacity expansion rate slowed, and PP production capacity expansion speed faster, PVC accounted for 36% of slope for the production of PP production accounted for 28% than the added value, PE ratio increased to 24%, the production of ABS and PS capacity expansion is relatively slow, of ABS and PS production accounted for 6% of domestic production and imports, its self-sufficiency rate of calculation of the five general plastics. Overall domestic capacity continues to increase, from 2011 to 2015, the five general plastics rate increased, PVC rate increased by 8% to 99%, the PP rate rose from 11% to 78%, 10% to 10% increase in its self-sufficiency rate of ABS, PS rate increased by 7% to 73%, 1% to 1% increase in its self-sufficiency rate of PE, PVC and PP rate is higher, larger capacity can be attributed to PVC and PP. Consumes less than PVC and PP, PE is mainly the limitation of domestic supply structure, to some more dependent on imports, mainly divided into depending on type and products rely on price, the price has a price advantage, rely on mainly the Middle East at the bottom end of the product, the product type depends on mainly in South Korea, Japan and other high-end quality, domestic supply of products. The domestic consumption of ABS and PS is limited. With the expansion of domestic production capacity, the self-sufficiency rate has gradually increased.
Look from the marketing pattern of the five general plastics, PE and PP direct selling rate is relatively high, all over 40%, and ABS and PVC direct selling rate is relatively low, self-sufficiency is not higher than 30%, the main customer groups is the plastic products, financial ability and customer base.
2016 central economic work conference, put forward the task of capacity, inventories, PVC to capacity trend is more obvious, and the PP production capacity expansion plan is still more, if not timely control PP production capacity expansion speed, PVC now is the PP tomorrow. Compared with PP, PE has relatively low capacity amplification speed, PE and PP spreads are large, and the difference in east China area is RMB 1,800 / ton. From the current price level of the five major general plastics, the price is inversely proportional to the production capacity. ABS has a relatively small capacity, and the capacity expansion rate is relatively slow, and the price of ABS is higher than 10,000 yuan/ton. With the largest capacity of PVC and the pressure of domestic supply, the price of PVC is less than 6000 yuan/ton.
China's economic growth has entered a shift period, slowing down, domestic demand for commodities is affected, and supply growth of domestic commodities should be synchronized. Only control good capacity amplification speed, the price of the product can be relatively firm, otherwise can only be in the excessive mire more deep, the market is difficult to show better performance. The top priority of the plastics industry is to control the expansion speed of production capacity, adjust the industrial structure, according to the demand of the terminal, according to demand, improve the technological content of the products, and increase the added value of the products.
