The macro and policy aspects affect the PE consumption pattern is unstable

According to statistics and estimated data, in July 2019, China's PE production increased significantly month-on-mon.

In terms of subdivision, its production growth is mainly concentrated in LDPE/LLDPE, and LDPE production growth is mainly due to the restart of maintenance equipment; for LLDPE, China and South Korea LLD equipment restarted in July, and Ningmei Coal's full-density plant was converted to linear production due to production proble.

Judging from the supply data of a petrochemical system from June to July, due to the increase in the total supply during the month, its regional production and supply also increas.

On the whole, with the economic development of the inland regions and the continued deployment of terminal factories in the inland region, the proportion of consumption in the southwest and central China regions has increas.

According to the comparison data of the PE consumption ratio of a petrochemical system in the past three months over the same period, affected by the demand of Sino-US trade friction and the pressure of market competition, the supply ratio of the three major regions of North China, East China and South China decreased to varying degrees from May to Ju.

A few days ago, the spokesperson of the Ministry of Commerce, Gao Feng, revealed at a regular press conference that the leaders of China and the United States will meet in Shanghai, China from July 30 to 31 to hold the 12th round of China-US economic and trade summit on the basis of equality and mutual respe.