Newly-Added PE Capacity Brings Competition and Opportunity

SCI99 Edit at: 2017/9/7 16:28:29
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China’s PE supply volume continued to increase. The foreign-trade dependence gradually declined with many China’s new PE units putting into use. From the import data, decreases of China’s PE prices weakened the appeal of the Chinese users to imported sources. The import volume fluctuated narrowly around 10,000kt/a. According to data, more capacity will be put into use from 2017 to 2021.

2017 Newly-Added PE Capacity

Company name

Capacity

Commissioning date

Feedstock

Zhongtian Hechuang Energy

370kt/a

250kt/a LDPE unit on May 25, 2017; 120kt/a LDPE unit on Jul 12, 2017

Coal

Shenhua Ningxia Coal Industry Group Phase III

430kt/a

Oct 2017

Coal

Total

800kt/a

.

2017–2021 Newly-Added PE Capacity, Unit: kt/a

Year

2017

2018

2019

2020

2021

Capacity

800

1,450

950

2,850

1,100

According to the usual practice, the 2019-2021 year projects will be extended to varying degrees. Specific items are not discussed. But from the planned production projects, most projects will be put into production from 2019-2021. It is predicted that overcapacity problem may occur in 2020-2021. Besides, competition in the domestic industry may be intensified, resulting in a weakening of the attractiveness of the Chinese market to foreign goods. However, China’s PE export window or open, giving more opportunities to China’s PE market.

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