Among them, sheet producers’ demand for PET bottle chips decreased significantly, with a year-on-year decline of 15%.Ĭash flow: Significantly higher than 2021 However, in view of the expectation of intensively startup, the launch of some new plants may be postponed, depending on the actual launch situation at that time.Īccording to CCFGroup statistics, China domestic demand totaled 7.20 million tons, y-o-y down 3-4% and slightly lower than the previous expectation. In 2023, many PET bottle chip plants are expected to be put into production, including Wankai Chongqing III, Yisheng Hainan IV, Sanfame, Xinjiang Yipu, Fujian Billion, etc. China PET bottle chip output totaled 11.52 million tons in 2022, an increase of 11% over the same period last year. Sichuan Hanjiang New Material 500kt/year line is expected to be put into production before the Spring Festival of 2023, which had no impact on the supply side of the market in 2022. The unit of China Resources restarted in Q4 2023, and did not run at full rates, so the actual impact on market supply was limited. According to CCFGroup statistics, trading price for water bottle chip averaged at 8167.76yuan/mt by cash EXW and $1101.55/mt FOB Shanghai in 2022, respectively rising 19.6% and 11.7% year on year.Īccording to CCFGroup statistics, China PET bottle chip nominal capacity was revised to 12.31 million tons/year at the end of 2022, as we include Wankai phase II 600kt/year line, and Chengold 600kt/year unit acquired by China Resources. PET bottle chip price rushed up first and then fell down as a whole in 2022, and market price continued to rise compared with 2021. Price: rushed up first and then fell down Export increment was more than 1 million tons, but China domestic demand began to show negative growth. In 2022, the extent of industry prosperity of China PET bottle chip was still high, and the average spot processing spread was around 1500yuan/mt.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |