CHINA’S PE demand is heading for 1% growth this year based on the H1 2023. data. Northeast Asian margins would have to recover by 3,423% to get back to normal.
Asian Chemical Connections
China’s 2024-2034 net HDPE imports: Either 105m tonnes or 19m tonnes
CHINA’S 2024-2034 HDPE net imports could total as much as 105m tonnes or as little a 19m tonnes
China and “pushing on a piece of string: The moderate impact of future economic stimulus
THE PHRASE “pushing on a piece of string” might best describe the logic behind calls for another round of big economic stimulus in China. Any extra money pumped into the economy could be largely saved rather than spent because of weak consumer confidence resulting from an ageing population and the end of the property bubble.
China’s HDPE imports from the US surge more than triple as South Korea and Saudi Arabia and the UAE lose ground
As China’s overall high density PE (HDPE) imports fell to 2m tonnes in January-May 2023 from 2.5m tonnes during the same period last year, the US’s share of China’s import market jumped to 13% from 3%. Year-on-year imports from the US rose by 335% to 268,892 tonnes.
China imports 220% more LLDPE from the US as naphtha-based players lose market share
CHINA’S imports from the US surge by 220% in January-May 2023 as local production falls by 11% and as imports decline from Singapore, South Korea and Thailand.
The big challenges facing the world’s HDPE exporters
Saudi Arabia and South Korea must find alternative HDPE markets to China, as China’s demand weakens and it becomes more self-sufficient
The China debate seems to be over so let’s move on to other markets
With China’s demand growth at 1-2% and with complete self-sufficiency possible, PP exports must look to break their China dependence.
Demographics, sustainability and 1bn tonne less global polymers demand
Flat 2023-2050 demand growth in China and the developed world would leave the global market for nine synthetic resins 1bn tonnes smaller than the ICIS base case.
China, demographics, debt and polymers demand
China’s polymers consumption in 2022 107m tonnes from a population of 1.4bn. The developing world ex-China’s consumption was at 84m tonnes from a population of 5.3bn. And the developed world consumed 82m from 1.1bn people.
Why China could become self-sufficient in HDPE
CHINA’S NET IMPORTS of HDPE could be either 126m tonnes in 2023-2040, 38m tonnes or as low as 7m tonnes
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