News
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The Spring Festival economy is hot and bustling, and after the PE festival, it ushers in a good start
During the Spring Festival of 2024, international crude oil continued to rise due to the tense situation in the Middle East. On February 16, Brent crude oil reached $83.47 per barrel, and the cost faced strong support from the PE market. After the Spring Festival, there was a willingness from all parties to raise prices, and PE is expected to usher in a good start. During the Spring Festival, data from various sectors in China improved, and consumer markets in various regions heated up during the holiday period. The Spring Festival economy was "hot and hot", and the prosperity of market supply and demand reflected the continuous recovery and improvement of the Chinese economy. The cost support is strong, and driven by the hot... -
Good luck starting construction in 2024!
On the tenth day of the first lunar month in 2024, Shanghai Chemdo Trading Limited officially started construction, giving it all and rushing towards a new high point! -
Weak demand for polypropylene, market under pressure in January
The polypropylene market stabilized after a decline in January. At the beginning of the month, after the New Year holiday, the inventory of two types of oil has accumulated significantly. Petrochemical and PetroChina have successively lowered their ex factory prices, leading to an increase in low-end spot market quotations. Traders have a strong pessimistic attitude, and some merchants have reversed their shipments; The domestic temporary maintenance equipment on the supply side has decreased, and the overall maintenance loss has decreased month on month; Downstream factories have strong expectations for early holidays, with a slight decline in operating rates compared to before. Enterprises have a low willingness to proactively stock up and are relatively caut... -
“Looking Back and Looking Forward to the Future” 2023 year-end event–Chemdo
On January 19, 2024, Shanghai Chemdo Trading Limited held the 2023 year-end event at Qiyun Mansion in Fengxian District. All Komeide colleagues and leaders gather together, sharing joy, looking forward to the future, witnessing the efforts and growth of every colleague, and working together to draw a new blueprint! At the beginning of the meeting, the General Manager of Kemeide announced the start of the grand event and looked back on the company's hard work and contributions over the past year. He expressed sincere gratitude to everyone for their hard work and contributions to the company, and wished this grand event a complete success. Through the year-end report, everyone has gained a cl... -
Looking for directions in the oscillation of polyolefins during the export of plastic products
According to data released by the General Administration of Customs of China, in US dollars, in December 2023, China's imports and exports reached 531.89 billion US dollars, an increase of 1.4% compared to the same period last year. Among them, exports reached 303.62 billion US dollars, an increase of 2.3%; Imports reached 228.28 billion US dollars, an increase of 0.2%. In 2023, China's total import and export value was 5.94 trillion US dollars, a year-on-year decrease of 5.0%. Among them, exports amounted to 3.38 trillion US dollars, a decrease of 4.6%; Imports reached 2.56 trillion US dollars, a decrease of 5.5%. From the perspective of polyolefin products, the import of plastic raw materials continues to experience a situation of volume reduction and price d... -
Analysis of Domestic Polyethylene Production and Production in December
In December 2023, the number of domestic polyethylene maintenance facilities continued to decrease compared to November, and the monthly operating rate and domestic supply of domestic polyethylene facilities both increased. From the daily operating trend of domestic polyethylene production enterprises in December, the operating range of the monthly daily operating rate is between 81.82% and 89.66%. As December approaches the end of the year, there is a significant decrease in domestic petrochemical facilities, with the restart of major overhaul facilities and an increase in supply. During the month, the second phase of CNOOC Shell's low-pressure system and linear equipment underwent major repairs and restarts, and new equipme... -
PVC: At the beginning of 2024, the market atmosphere was light
New Year's new atmosphere, new beginning, and also new hope. 2024 is a crucial year for the implementation of the 14th Five Year Plan. With further economic and consumer recovery and more explicit policy support, various industries are expected to see an improvement, and the PVC market is no exception, with stable and positive expectations. However, due to difficulties in the short term and the approaching Lunar New Year, there were no significant fluctuations in the PVC market at the beginning of 2024. As of January 3, 2024, the PVC futures market prices have rebounded weakly, and the PVC spot market prices have mainly adjusted narrowly. The mainstream reference for calcium carbide 5-type materials is around 5550-5740 yuan/t... -
Shrinking demand makes it difficult to push up the PE market in January
In December 2023, there were differences in the trend of PE market products, with linear and low-pressure injection molding oscillating upwards, while high-pressure and other low-pressure products were relatively weak. At the beginning of December, the market trend was weak, downstream operating rates declined, overall demand was weak, and prices slightly declined. With major domestic institutions gradually issuing positive macroeconomic expectations for 2024, linear futures have strengthened, boosting the spot market. Some merchants have entered the market to replenish their positions, and linear and low-pressure injection molding spot prices have slightly increased. However, downstream demand continues to decline, and the market transaction situation remains ... -
Happy New Year’s Day 2024
Time flies like a shuttle, 2023 is fleeting and will become history again. 2024 is approaching. A new year means a new starting point and new opportunities。On the occasion of New Year's Day in 2024, I wish you success in your career and a happy life. May happiness always be with you, and happiness will always be with you! Holiday period: December 30th, 2023 to January 1st, 2024, for a total of 3 days. -
Demand boosts the continuous increase in production of impact resistant copolymer polypropylene
In recent years, with the continuous growth of production capacity in the domestic polypropylene industry, the production of polypropylene has been increasing year by year. Due to the increasing demand for automobiles, household appliances, electricity, and pallets, the production of impact resistant copolymer polypropylene is growing rapidly. The expected production of impact resistant copolymers in 2023 is 7.5355 million tons, an increase of 16.52% compared to last year (6.467 million tons). Specifically, in terms of subdivision, the production of low melt copolymers is relatively large, with an expected output of about 4.17 million tons in 2023, accounting for 55% of the total amount of impact resistant copolymers. The proportion of production of medium high... -
Strong expectations, weak reality, polypropylene inventory pressure still exists
Looking at the changes in polypropylene inventory data from 2019 to 2023, the highest point of the year usually occurs during the period after the Spring Festival holiday, followed by gradual fluctuations in inventory. The high point of polypropylene operation in the first half of the year occurred in mid to early January, mainly due to the strong recovery expectations after the optimization of prevention and control policies, driving up PP futures. At the same time, downstream purchases of holiday resources resulted in petrochemical inventories falling to the low level of the year; After the Spring Festival holiday, although there was an accumulation of inventory in the two oil depots, it was lower than market expectations, and then inventory fluctuated and di... -
Let’s meet at the PLASTEX 2024 in Egypt
The PLASTEX 2024 are coming soon. Sincerely invite you to visit our booth then. Detailed info is below for your kind reference~ Location: EGYPT INTERNATIONAL EXHIBITION CENTER(EIEC) Booth number: 2G60-8 Date: Jan 9 - Jan 12 Believe us that there will be many new arrivals to surprise, hope we can meet soon. Awaiting your reply!