subject: June 2008 Appliances With Supply And Demand And Price Trends Of Plastic - Home Appliance Pp, [print this page] PP: price inflation fell in June after the PP prices spike, due to post-disaster reconstruction and CPI pressure, Sinopec in June Yajian ethylene production capacity of 11%, total cut 65,000 tons of ethylene, in order to ensure oil supply, the oil also issued similar orders. PetroChina, Sinopec subsidiary dozens of large petrochemical plant plastic device again limited production or reduced production, Maoming Petrochemical explosion intensified the atmosphere of the market speculation, prompted a sharp rise in market prices of PP. Price increase more than domestic manufacturers in 1600 ~ 2200 yuan / ton, traders also have price increases, price increase for 2000 ~ 2400 yuan / ton, but, PP downstream processing industry continued to resist price increases, especially
Home Appliances Industry, subject to the iron and steel, plastic and other raw material prices and weak consumer electronics market pressure, refused to price increases. So, by the end of June, PP market prices have begun to fall, is expected to decline in July will continue to adjust prices. (
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)According to the National Bureau of Statistics data, in May 2008, the domestic PP production 603,000 tons, up 4%, an increase of 1.34% chain; 1 May, the cumulative output of 3,017,000 tons, an increase of 6.0%. Import PP23.4 tons, 10,900 tons less than in April, the chain 4%; 1 to May, total imports of 1,071,900 tons; May 1450 U.S. dollars of imports average price / ton, the chain increased 76 U.S. dollars / ton. Export PP3026 tons less 541 tons of chain growth rate of exports slowed down, mainly because of higher domestic prices, many companies take into account the element of profit, a decrease of exports.
ABS: high price correction in June crude oil prices continue to ratchet up, ABS styrene prices of raw materials to follow up. As the costs continue to enhance, together with the earthquake disaster and other factors, ABS prices in the manufacturers price increases driven by rising one after another. ABS production now normal, but the overall operating rate is not high. Some companies will repair, marketing light, ABS downstream manufacturers continue to resist price increases.
According to the National Bureau of Statistics data, in May 2008. ABS China imports 18.9 million tons, 06,000 tons less than in April, the chain 4%; 1 May 2008, total imports of 867,000 tons; May 1813 U.S. dollars of imports average price / ton, lower than the April 2 U.S. dollars / ton. May, ABS exports remain small, only 3268 tons, 706 tons of chain reduction, export growth slowed.
Industry analysts believe that short-term is difficult because the international crude oil prices to decline significantly, the cost of oil for the ABS is a strong support, so that domestic prices are still high styrene, ABS domestic prices would be difficult to cut. But supply and demand of plastics perspective, in July prices of other domestic plastic raw materials will drop slightly, ABS market conditions will also be affected, shock may occur. Therefore, ABS is expected to continue at a high level the price will be consolidation.
