A brief review of the PE market in 2018 and the outlook for 2019

2018 was almost the most turbulent year for the global economy since the financial cris.

To put it simply, in 2018, the stubborn disease of lack of terminal demand has long dragged down the pace of the market for a long ti.

Upstream Ethylene Monomer

Driven by the rapid launch of production capacity of downstream related products such as styrene and ethylene glycol, the price of ethylene in Asia remained high throughout the year in 2018, especially in the first three quarters of 201

Import pressure is high

Domestic PE production cannot make up for domestic demand, and more than 10 million tons of polyethylene needs to be imported every ye.

production capacity

In recent years, China's polyethylene industry has developed rapidly, and the production capacity of polyethylene has also continued to gr.

downstream demand

China's PE is mainly used in agricultural film, daily packaging film, food packaging film, stretch film and other fiel.

Looking forward to 2019, a brief analysis of the main factors affecting the market

Upstream: The global macroeconomic expectations in 2019 are generally pessimist.

Supply: In 2019, it is expected that there will be Jiutai Energy, Hengli Petrochemical (Dalian) Refinery, Zhejiang Petrochemical, Qinghai Damei, Zhongan United, Ningxia Baofeng (Phase II), a total of 6 companies with 35 million tons of new capaci.

Demand side: China's economic growth slowed down, dragging down demand for plasti.

In general, the global polyolefin market has entered a new round of capacity expansion in 2019, and the market supply is expected to grow significantly; at the same time, due to various factors, Chinese demand has shown a trend of weak growth, coupled with Sino-US trade Due to the impact of the war, demand may weaken furth.