HDPE Low-MI Injection Resources Decreased amid Low Production Ratio
In May, the production ratio of HDPE low MI injection material was low. Only the 300kt/a FDPE unit at PetroChina Tarim Petrochemical produced 8008T. It is predicted that the market supply will reduce in the coming period. Currently, the mainstream price is about RMB 8,450-8,800/mt. In the coming days, with the work resumption at downstream plants and transportation improvement, the demand from end plants may increase, which is likely to bring support to the market. SCI holds that prices of HDPE low MI injection may be stable-to-rising.
China HDPE Low MI Injection Enterprises Production
According to SCI, the production ratio of HDPE low MI injection material was at a low level in May, down from 4% to 1%. Only the 300kt/a FDPE unit at PetroChina Tarim Petrochemical produced 8008T. It is predicted that the market supply will reduce in the coming period. Currently, the mainstream price is about RMB 8,450-8,800/mt. The price was at the lowest level among varied PE products, so producers were not active in the production of HDPE low MI injection.
China Main Market HDPE Low MI Injection Grade and Price
The current production ratio is low. Besides, the previous inventory is digested gradually. Therefore, the supply reduces somewhat. On the demand side, the operating rate at downstream plants inches up, and plants still purchase feedstock based on the standing demand. The consumption speed of market resources is passable.
China-origin supply gradually reduces with the production ratio going down. As for imports, the inventory is at a medium-to-low level, but the higher price may restrict the increase in imports. With the work resumption at downstream plants and transportation improvement, the demand from end plants may increase, which is likely to bring support to the market. SCI holds that prices of HDPE low MI injection may be stable-to-rising.
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