Industry News
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Demonstration of Biodegradable Plastic Film in Inner Mongolia ！
After more than a year of implementation, the “Inner Mongolia Pilot Demonstration of Water Seepage Plastic Film Dry Farming Technology” project undertaken by Inner Mongolia Agricultural University has achieved phased results. At present, a number of scientific research achievements have been transformed and applied in some alliance cities in the region. Seepage mulch dry farming technology is a technology that is mainly used in semi-arid areas in my country to solve the problem of white pollution in farmland, efficiently utilize natural precipitation resources, and improve crop yields in dry land. Significantly. In 2021, the Rural Department of the Ministry of Science and Technology will expand the pilot demonstration area to 8 provinces and autonomous regions including Hebe... -
U.S. interest rate hike heats up, PVC surges and falls .
PVC closed down slightly on Monday, after Federal Reserve Chairman Powell warned against prematurely loosening policy, the market is expected to raise interest rates again, and production is expected to gradually resume as the hot weather is lifted. Recently, under the influence of the epidemic situation and power shortage in some areas, the production of PVC plants has been stopped and reduced. On August 29, the Sichuan Energy Emergency Office lowered the emergency response to energy supply guarantee for emergencies. Previously, the National Meteorological Administration also expected that the temperature in some high-temperature areas in the south would gradually drop from the 24th to the 26th. Some of the production cuts brought about may be unsustainable, and the high temperature po... -
The production capacity of PE continues to increase, and the structure of import and export varieties changes.
In August 2022, the HDPE plant of Lianyungang Petrochemical Phase II was put into operation. As of August 2022, China’s PE production capacity increased by 1.75 million tons during the year. However, considering the long-term production of EVA by Jiangsu Sierbang and the extension of the second phase of LDPE/EVA plant, its 600,000 tons / The annual production capacity is temporarily stripped from PE production capacity. As of August 2022, China’s PE production capacity is 28.41 million tons. From the perspective of comprehensive production, HDPE products are still the main products for capacity expansion during the year. With the continuous increase of HDPE production capacity, the competition in the domestic HDPE market has intensified, and the structural surplus has gradua... -
International sports brand launches biodegradable sneakers.
Recently, sporting goods company PUMA began distributing 500 pairs of experimental RE:SUEDE sneakers to participants in Germany to test their biodegradability. Using the latest technology, the RE:SUEDE sneakers will be made from more sustainable materials such as tanned suede with Zeology technology, biodegradable thermoplastic elastomer (TPE) and hemp fibers. During the six-month period when participants wore RE:SUEDE, products using biodegradable materials were tested for real-life durability before being returned to Puma through a recycling infrastructure designed to allow the product Proceed to the next step of the experiment. The sneakers will then undergo industrial biodegradation in a controlled environment at Valor Compostering B.V., which is part of Ortessa Groep B.V., a Dutch ... -
A brief analysis of China‘s import and export data of paste resin from January to July.
According to the latest statistics from the Customs, in July 2022, the import volume of paste resin in my country was 4,800 tons, a month-on-month decrease of 18.69% and a year-on-year decrease of 9.16%. The export volume was 14,100 tons, a month-on-month increase of 40.34% and a year-on-year increase An increase of 78.33% last year. With the continuous downward adjustment of the domestic paste resin market, the advantages of the export market have emerged. For three consecutive months, the monthly export volume has remained above 10,000 tons. According to the orders received by manufacturers and traders, it is expected that the domestic paste resin export will remain at relatively high level. From January to July 2022, my country imported a total of 42,300 tons of paste resin, down ... -
Boosted by interest rate cuts, PVC repairs low valuation rebound ！
The PVC rebounded higher on Monday, and the central bank’s reduction of LPR interest rates is conducive to reducing the interest rate of residents’ home purchase loans and the medium and long-term financing costs of enterprises, boosting confidence in the real estate market. Recently, due to the intensive maintenance and the continuous large-scale high temperature weather across the country, many provinces and cities have introduced power curtailment policies for high-energy-consuming enterprises, resulting in a phased contraction of the PVC supply margin, but the demand side is also weak. From the perspective of downstream performance, the current situation The improvement is not great. Although it is about to enter the peak demand season, the domestic demand is rising slow... -
Expansion! Expansion! Expansion! Polypropylene (PP) all the way forward!
In the past 10 years, polypropylene has been expanding its capacity, of which 3.05 million tons was expanded in 2016, breaking the 20 million tons mark, and the total production capacity reached 20.56 million tons. In 2021, the capacity will be expanded by 3.05 million tons, and the total production capacity will reach 31.57 million tons. The expansion will be concentrated in 2022. Jinlianchuang expects to expand the capacity to 7.45 million tons in 2022. In the first half of the year, 1.9 million tons have been put into operation smoothly. In the past ten years, polypropylene production capacity has been on the road of capacity expansion. From 2013 to 2021, the average growth rate of domestic polypropylene production capacity is 11.72%. As of August 2022, the total domestic polypropyle... -
Bank of Shanghai launches PLA debit card ！
Recently, Bank of Shanghai took the lead in releasing a low-carbon life debit card using PLA biodegradable material. The card manufacturer is Goldpac, which has nearly 30 years of experience in the production of financial IC cards. According to scientific calculations, the carbon emission of Goldpac environmental cards is 37% lower than that of conventional PVC cards (RPVC cards can be reduced by 44%), which is equivalent to 100,000 green cards to reduce carbon dioxide emissions by 2.6 tons. (Goldpac eco-friendly cards are lighter in weight than conventional PVC cards) Compared with conventional conventional PVC, the greenhouse gas produced by the production of PLA eco-friendly cards of the same weight is reduced by about 70%. Goldpac’s PLA degradable and environmentally friendly ... -
The impact of power shortage and shutdown in many places on the polypropylene industry.
Recently, Sichuan, Jiangsu, Zhejiang, Anhui and other provinces across the country have been affected by the continuous high temperature, and the electricity consumption has soared, and the electricity load has continuously hit new highs. Affected by the record-breaking high temperature and the surge in electricity load, the power curtailment “swept again”, and many listed companies announced that they had encountered “temporary power curtailment and production suspension”, and both upstream and downstream enterprises of polyolefins were affected. Judging from the production situation of some coal chemical and local refining enterprises, the power curtailment has not caused fluctuations in their production for the time being, and the feedback received has no impa... -
What are the Characteristics of Polypropylene (PP)?
Some of the most significant properties of polypropylene are: 1.Chemical Resistance: Diluted bases and acids don’t react readily with polypropylene, which makes it a good choice for containers of such liquids, such as cleaning agents, first-aid products, and more. 2.Elasticity and Toughness: Polypropylene will act with elasticity over a certain range of deflection (like all materials), but it will also experience plastic deformation early on in the deformation process, so it is generally considered a “tough” material. Toughness is an engineering term which is defined as a material’s ability to deform (plastically, not elastically) without breaking.. 3.Fatigue Resistance: Polypropylene retains its shape after a lot of torsion, bending, and/or flexing. This property is e... -
The real estate data is negatively suppressed, and the PVC is lightened up.
On Monday, real estate data continued to be sluggish, which had a strong negative impact on demand expectations. As of the close, the main PVC contract fell by more than 2%. Last week, the US CPI data in July was lower than expected, which increased investors’ risk appetite. At the same time, the demand for gold, nine silver and ten peak seasons was expected to improve, which provided support for prices. However, the market has doubts about the recovery stability of the demand side. The increase brought by the recovery of domestic demand in the medium and long term may not be able to offset the increase brought by the recovery of supply and the decrease in demand brought by external demand under the pressure of recession. Later, it may lead to a rebound in commodity prices, and wi... -
Sinopec, PetroChina and others voluntarily applied for delisting from US stocks !
Following the delisting of CNOOC from the New York Stock Exchange, the latest news is that on the afternoon of August 12, PetroChina and Sinopec successively issued announcements that they planned to delist American Depositary Shares from the New York Stock Exchange. In addition, Sinopec Shanghai Petrochemical, China Life Insurance, and Aluminum Corporation of China have also successively issued announcements saying that they intend to delist American depositary shares from the New York Stock Exchange. According to relevant company announcements, these companies have strictly abided by the U.S. capital market rules and regulatory requirements since they went public in the United States, and the delisting choices were made out of their own business considerations.