The second half of the year, the pipe - low pressure membrane - hollow - injection molding and drawing has opened the rally, of which the largest increase is hollow, up as high as 2,400 yuan / ton, followed by the low pressure membrane rose 2,300 yuan / ton.By analyzing the basic low Noodles found that the overall demand side this year, volatility, while the supply side to market support strong.China and imported resources in the product mix and supply two aspects of the combined effect, resulting in the second half of the supply of low-pressure resources.
If last year's market is the star of high-pressure products, then this year's low-pressure varieties of all kinds of performance can be described as very eye-catching this year, the overall low-pressure market continued last year 'fell in the first half, the second half rose' situation.In the second half, the pipe - Hollow - injection molding and drawing has opened up the market, including low-pressure injection similar to last year, after entering sharp rise in November, the same as last year, the other four types of low-voltage products rose much higher than last year.According to statistics, since June, Largest increase is hollow, up as high as 2,400 yuan / ton, followed by low-pressure film rose 2,300 yuan / ton, low pressure injection molding and low pressure pipe rose 2,000 yuan / ton and 1,700 yuan / ton, drawing market started later, Watch the price at 750 yuan / ton (Note: the price is selected in Shanghai on December 11 and June 1, the price comparison)
Through the analysis of the fundamentals of low-pressure found that the overall low-pressure demand this year, the overall volatility, while the supply side to support the market to a strong degree.China and imported resources in the product mix and supply both the combined effect, resulting in the second half of the supply of low-pressure resources At present, the domestic self-sufficiency rate of low pressure products is about 52%. This article focuses on the analysis of domestic resources temporarily, and the imported resources will be presented in subsequent articles.
From the monthly output of low pressure, in addition to the gradual rise in the production of low-pressure pipe, the other varieties of products have declined in the second half.Especially in November HDPE hollow and injection of domestic production fell sharply, the chain decreased by 53% and 38%, resulting in these two markets There has been a clear rise in major categories of products, as of now hollow prices have risen to 11600-12400 yuan / ton range, domestic injection rose to 10300-11600 yuan / ton, all over the resources are more nervous. Although low-pressure drawing from the output The overall fluctuation range is limited. However, the manufacturers of domestic low-voltage wire drawing mainly include Lanzhou Petrochemical, Daqing Petrochemical and Fushun Petrochemical. The end of the year was hampered by bad weather and insufficient capacity, and the allocation of goods was also affected, resulting in a slight market supply Poor.
From low pressure product structure point of view, this year, low pressure pipe production accounted for a large proportion, at 31% .Mainly by the sponge city construction and coal gas and other favorable policies, demand for downstream pipe is acceptable, raw material prices also took the lead in the protection of production efficiency In the largest case, production enterprises are inclined to low-pressure pipes in terms of product production, thus resulting in a corresponding reduction in the range of other low-pressure products.
In summary, the tight supply of low-pressure market this year to give strong support, but the continuing supply and demand mismatch also to supply companies put forward higher requirements in the context of rising domestic PE capacity, the overall perspective of China's PE self-sufficiency Greatly improved, but the product structure still needs to be perfected, and the production entities are also required to strengthen the research of all downstream market segments in order to achieve a sound and reasonable supply of products and a healthy and stable supply and demand.