PE Consumption in 3 Major Consumption Areas Rose Further
In 2020, China’s PE consumption will be dominated by the three major regions of East China, North China and South China. The consumption volume in the above three regions accounted for 68% of the total, an increase of 2% Y-O-Y. The consumption volume in Central China and Southwest regions accounted for 11% and 9% respectively. The consumption volume in Northeast China and Northwest China both accounted for 6%. Compared with 2016, the proportion of PE consumption in the three major regions was basically stable, but that in the Southwest China region increased by 1% compared with 2016, while the proportion in Northwest China decreased by 1%. This was related to the regional structural adjustment brought about by the special environment in the context of the 2020 global epidemic.
In the context of the epidemic, most of the manufacturing industries in China were basically shut down in Q1, except for the overloaded production at epidemic prevention materials related plants. And the main production of epidemic prevention materials was concentrated in East China, North China, and South China. In Q2, as the epidemic situation in China was controlled, the production gradually resumed, but the recovery in Central China, Northeast China, Northwest China and other regions was relatively late, dragging down the proportion of overall PE consumption of these regions. Therefore, compared with 2019, the consumption proportion in East China and South China slightly increased, while the proportion of Central China and Northwest China slightly decreased.
