Market analysis of China's polystyrene industry in 2020: market demand is growing rapidly

1.

From 2015 to 2019, China's EPS output and manufacturing revenue grew at a compound annual growth rate of approximately 3.
1% and approximately 3.
5%, respectively, reaching approximately 1.
5 million tons and approximately RMB 16.
132 billion.
Due to anti-dumping investigations and supervision of styrene in 2017 and 2018, both the output of EPS and the revenue from manufacturing have fluctuated.

The ex-factory price of EPS (that is, the price at which the manufacturer sells EPS to customers) is usually related to the supply and price of styrene in China.
Due to the anti-dumping tariffs imposed on styrene in 2018, the supply of styrene in the Chinese market decreased, resulting in an increase in the price of EPS in the same year.

The ex-factory price of EPS has increased at a compound annual growth rate of approximately 0.
4%, from approximately RMB 1,0686.
7 per ton in 2015 to approximately RMB 1,840.
0 per ton in 2019.
As EPS prices are closely related to styrene prices, and styrene prices are affected by crude oil prices.

　　Therefore, due to the sharp drop in crude oil prices, the ex-factory price of EPS in China has fallen sharply, from RMB 1,3395.
2 per ton in mid-2018 to RMB 7937.
5 per ton in mid-2020.

Transfer from: Prospective Industry Research Institute

　　[Copyright and Disclaimer] All copyrighted works belonging to this website must be authorized when reprinting and indicate the source "China Industrial Economic Information Network".
Offenders of this website will reserve the right to pursue relevant legal responsibilities.
Any reprint of articles and corporate publicity information only represents the author's personal views, and does not represent the views and positions of this website.
For copyright matters, please contact: 010-65363056.

Further reading