Innovation and insufficient capacity to compete in the plastic industry overcapacity intensified dow

In the first quarter of this year, plastic industry fixed asset investment growth fell sharply, plastic products production, the main business income, profit growth are slowing. Excess capacity led to increased competition, technological innovation into the lack of high-end products is the industry's current situation. This is the China Chemical News reporter held in Chengdu last week, the 2015 China plastics industry information obtained.

Enterprise investment enthusiasm cooling proposed project majority suspension

According to the National Bureau of statistics data show that a quarter of rubber and plastic products industry fixed asset investment 90200000000 yuan, investment growth over the same period last year fell by 22.8%, compared with the end of last year fell by 12.3%. 2014 five general plastics industry overall new capacity more than 10%, while the average profit margin of plastic industry is 4.9%, less than 5.45% of the average level of the country's other 17 light industry. Plastic processing industry slowdown, the average growth rate of 10% during the twelfth five year period, less than the average growth rate of eleven during the five.

In East China, Sinopec Chemical Sales Branch Company synthetic resin part Lu Gendi introduction, the current crude oil prices are low, is expected to plans to build coal based polyolefin device will reduce the amount and in built or will soon put into production of the device will be delayed. And low prices of naphtha to produce polyolefin device also has certain influence. Original plans to build 11 sets of device, in addition to 1 set in Jianwai, 10 other sets of stopped. Some companies believe that the current oil price is $60 / barrel, but when the device is put into operation, the next 3 to 5 years, if the price of oil will rise back more than $100, the competitiveness will be greatly reduced. Therefore, from the current point of view, the enterprise has no impulse to the new device. At the same time, at least 1/3 of coal to olefins projects will be delayed. In view of this, the future of polyolefin production capacity expansion is lower than expected, the supply and demand will be gradually tightening.

Productivity growth exceeds the demand for a situation of tripartite confrontation trend

Even so, due to the rapid expansion of production capacity in the previous years, the situation is still difficult to change for more than demand. According to the WWW, deputy general manager of Cui Kezeng. The amount of plastics in China has been beyond the United States ranks first in the world, with annual sales of about 80 million tons. With the increase in demand, the rapid expansion of China's Polyolefin capacity over the past two years. Take polypropylene, for example, 2013 capacity is 13000000 tons, to 2015 has increased by 9000000 tons, an average annual growth rate of 30%, while the domestic demand growth rate of less than 4%.

Under the structural contradiction between supply and demand, industry competition continues to intensify. With the development of coal chemical technology and 2014 first half of the year, the international crude oil sharply down, in the profit driven, the sudden emergence of coal based polyolefin, domestic coal based polyolefin market quietly changing, by two of the world "that PetroChina, Sinopec, the development of" Three Kingdoms ". Zhongyu information analysts Wang said that China's coal chemical industry technology is more mature, coal based polyolefin device concentrated launched -- including Shenhua Baotou full density device 30 million tons / year, polypropylene plant 30 million tons / year; polypropylene plant of Shenhua Ningxia coal million tons / year, Datang Duolun polypropylene unit 46 million tons / year, etc. -- completely broken the traditional pattern of the polyolefin market, the impact of naphtha to produce polyolefins.

High-end products rely on imported technology investment should be increased

China Light Industry Federation of full-time vice president and Secretary General Wang Shicheng said that with China's economic development has entered a new norm, the plastics industry from the rapid development in the past was transferred to the speed of development. China's plastic products industry generally exist independent research and development is weak, the low level of scientific and technological input, low degree of product intensification and market development and other issues.On the other hand, polyethylene recycling and EPS recycling is necessary.

It is understood that China's plastic products, the production of low-end products is too high, and the lack of high-end products. For example, in the field of polypropylene, low temperature heat sealing material, high stiffness high impact of high flow material, electrical film material, medical care, etc.. In addition, the current plastics industry is difficult to finance, financing expensive and trade friction are hindering the development of plastics industry. Therefore, the need for enterprises to use new means to deal with, will be the negative factor to the lowest, and strive to maintain China's plastics industry in the global share.

Wang Shicheng recommendations to the plastic enterprises in the 45 development curtain was about to begin on the occasion, strengthen the development of material of new-style environmental protection, from the source to reduce pollution and to strengthen the recycling of waste plastics, to further improve the industry support, improve the comprehensive competitiveness.

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