The recent market price of polycarbonate has remained at a high level. Currently in the Asian market, the price per ton of polycarbonate has reached between 3,800 and 3,900 U.S. Prices are up about 5% from February. Due to the failure of production equipment in North America As well as the postponement of new projects in China, the shortage of PC stocks may continue. Therefore, prices may rise further.
Since the demand for its raw material bisphenol A is not expected to change significantly, the price of bisphenol A is not expected to rise in the future. As the Sino-U.S. trade war continues to heat up, China imposes retaliatory tariffs on US chemicals. This makes the United States The PC material is also within the scope of U.S. tariff compensation. With the advent of new materials, PC demand will not change significantly in the short term.
Since China-US trade frictions, China has imposed tariffs on 44 chemical products in the United States, including liquefied propane, polyethylene, acrylonitrile, lubricants, epoxy resins, and polyethylene terephthalate sheet foil flat strips. Polyamide-6, 6 slices, etc. Polycarbonate is also included in the list.
The chemicals are one of the representative export products of the United States. In 2017, the value of chemicals exported to the United States by the United States accounted for 10% of the total exports of the United States. If plastic products were included, the proportion increased to 14%. The US sold to China in 2017 The export volume of goods and plastics was 21.5 billion U.S. dollars, which was far more than the 19.5 billion U.S. dollars of agricultural products exported during the same period. The chemicals shipped to the United States accounted for only about 3% of the total.
According to 2016 figures, the global demand for polycarbonate is growing at a rate of 4% to 5% per annum, while the growth rate for supply in the next five years is only about 2.9%, and it is still unable to meet demand in the short term. Asia's polycarbonate The market is huge. In recent years, with the rise of the middle class in China, and the huge demand for advanced materials brought about by the outbreak of business in the automobile and construction industries, polycarbonate is one of them. The proportion of use in the manufacturing industry is 40% to 50%. The proportion of China's use in this area accounts for only about 10%. Electrical and electronic and automotive manufacturing are the pillar industries for China's rapid development. The future demand for polycarbonate in these areas will increase. It is huge. China has a large number of cars and a large amount of demand. Therefore, the application of polycarbonate in this field has great potential for expansion.