Brief review of polyethylene market in 2019 and outlook for 2020

In 2019, the polyethylene market as a whole showed a downward trend, mainly due to the sharp contradiction between supply and dema.

Upstream ethylene monomer fluctuated sharply

In 2019, the overall price of ethylene in Asia showed an "N-shaped" tre.

Abundant supply, import volume hits record high

In 2019, China's polyethylene production capacity was further expand.

Reducing the loss of petrochemical maintenance in small years

In 2019, as a small maintenance year, the petrochemical units and maintenance time for maintenance were significantly reduced compared with 201 According to the incomplete statistics of China Plastics, in 2019, the production capacity of polyethylene involved in shutdown and maintenance was about 1123 million to.

Downstream demand is sluggish and demand support is limited

The main downstream applications of polyethylene in China, LLDPE and LDPE are film products for packaging, HDPE is relatively dispersed, mainly pipes, hollow containers, injection molding products and fil.

Looking forward to 2020, a brief analysis of the main factors affecting the market

Upstream : In 2020, non-OPEC supply will continue the medium-to-high growth rate since 2018, with a year-on-year increase of 2 million barrels per d.

On the supply side : 2020 is facing unabated pressur.

On the demand side : a series of policies such as loose monetary policy, China's increase in infrastructure investment, economic growth, and tax and fee reduction will drive demand grow.

Overall, the polyethylene market is still worrying in 2020, and the pressure on the supply side, whether domestic or imported, is still not sma.