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China supply chain under huge pressure of raw material costs

China supply chain under huge pressure of raw material costs

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2021

China's factories, power plants and farms are under enormous pressure from the rising cost of raw materials, while the Chinese people's pockets have not been affected too much.

China's cumulative PPH imports for January-April hit lowest level since 2008

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According to data from Statistical Instrumentation, China's total homo PP imports for the January-April 2022 period show the lowest figure since 2008.

China's cumulative PPH imports for January-April hit lowest level since 2008
Domestic PP and PE markets across Southeast Asia are strongly impacted by weak demand

Domestic PP and PE markets across Southeast Asia are strongly impacted by weak demand

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2022

The domestic PP and PE markets in Southeast Asia have been going downhill over the past two months, driven by persistently weak demand, although a stronger US dollar continues to detract from the competitiveness of imports into the region.

Limited demand caused PP, PE prices to fall deeper in June in the market

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2021

Due to China's change in imports of Polyolefins, a sharp decline since mid-March. This price drop is attributed to limited demand due to off-season, lower Dalian futures prices, and pressure from domestic price downward trend affecting PP and PE prices, there is a risk of a decrease this June.

Limited demand caused PP, PE prices to fall deeper in June in the market
PS sellers’ May hikes find partial acceptance in Europe

PS sellers’ May hikes find partial acceptance in Europe

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2022

Rising costs encouraged European PS sellers to announce fresh hikes early in May. Having emerged €50-90/ton above April levels, PS prices hit fresh record highs but the upturn has lost speed. While smaller increases of around €50-60/ton have passed on deals so far, some sellers have started to report even rollovers in a few ...

A strong US dollar makes Asian PP and PE lose their competitiveness

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2022

Traders say the dollar's surge against global currencies has made imported PP and PE less competitive against domestically sold products across China, Southeast Asia and India. because of increased import costs.

A strong US dollar makes Asian PP and PE lose their competitiveness
Europe's PP and PE markets are affected by weak fundamentals and deeper price declines in the near term.

Europe's PP and PE markets are affected by weak fundamentals and deeper price declines in the near term.

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2022

After closing June deals with a triple-digit drop, European PP and PE market participants are bracing for deeper price drops next month due to ample supply and weak demand. Monomers are also forecast to decline due to the widening spread between spot and contract prices.

Japan makes plastic that can heal itself at room temperature

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2022

Chemistry professor Takuzo Aida and colleagues used a substance called polyether thiourea to create a plastic material that can self-heal if the fragments are put together at room temperature.

Japan makes plastic that can heal itself at room temperature
Statistics: China's first quarter PE imports recover from the lowest level in the past 4 years

Statistics: China's first quarter PE imports recover from the lowest level in the past 4 years

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2022

Data from ChemOrbis Import Statistics shows that China's cumulative PE imports in the first quarter of 2022 increased by 7.3% year-on-year, reaching around 3.5 million tonnes. The Q4 2021 volume shows the lowest quarterly figure in import statistics since the last quarter of 2017.

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