Chinese Polycarbonate Market Annual Report 2016

Published: March 2017
No. of Pages: 43
    ReportsandReports

Keywords: PC capacity, output, demand, import, export, review and forecast of the PC market in and out of China. Covestro, Formosa Idemitsu Petrochemical Corporation, LG Chemical, LOTTE Chemical, SABIC, Teijin, Saudi Kayan, Sinochem Plastics, Sinopec Mitsubishi Chemical Polycarbonate, Yantai Wanhua Chemical, Zhongfu Group and other PC participating enterprises are involved.

Introduction:
The profit of polycarbonate (PC) producers was high in 2016. However, the Chinese PC capacity expanded greatly, which was estimated to rise by 43% by the end of 2016. Thus, the Chinese PC market became more and more competitive. In 2016, the global economic growth was still slow, and the RMB exchange rate kept dropping. Therefore, the import and export status of PC continued to affect the industry development. The import volume was expected to decrease by 10%. There were many planned expansion projects or projects under construction in China. In 2017, what will happen to the Chinese PC supply pattern, competition between high-end and low-end products, development of the downstream market as well as the import and export status of PC? Will the PC market be more closely related to the bisphenol A (BPA) market? All the answers will be found in the 2016 Chinese PC Market Annual Report.
The Chinese PC capacity increased noticeably. About 265kt/a capacity was added, up 43.4% Y-O-Y. The newly-added capacity generally concentrated in East China, and the capacity in other regions remained stable. The newly-added units were expected to go into production in 2018. Sichuan Lutianhua Zhonglan New Material started to prepare for the construction in Southwest China, which was likely to break the Chinese regional pattern. The market hovered in H1, 2016, and prices gradually went wild in H2, 2016. Prices of a number of grades surged to RMB 21,000–22,000/mt, with the maximum rise of 31.73%. The overall prices were RMB 14,500–23,500/mt. PC continued to be in short supply, and high-end prices remained stable. Buyers mostly made purchases based on standing need. SCI predicts that prices will range between RMB 18,500/mt and RMB 25,000/mt.

Published By: SCI Group
Product Code: SCI Group34


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