US "Hydrocarbon Processing" reported that the ethylene industry is an important part of the petrochemical industry. Ethylene is the main raw material for downstream petrochemical products, which can produce polyethylene, ethylene oxide, ethylene dichloride, ethylbenzene, linear alcohol and vinyl acetate. Adhesives, chemicals, coatings, packaging, building materials, textiles, rubber and plastics also use ethylene as the basic raw material.
According to Friedonia Group's forecast, global demand for PE resins (HDPE, LLDPE, LDPE) will rise at an annual growth rate of 4.0%, reaching 99.6 million tons in 2018, with a market value of US$164 billion.
According to the latest statistics from the General Administration of Customs of China, the total value of China's imports and exports of goods trade in 2016 was RMB 24.33 trillion (the same below), a decrease of 0.9% from 2015. Among them, exports were 13.84 trillion yuan, a decrease of 2%; imports were 10.49 trillion yuan, an increase of 0.6%; the trade surplus was 3.35 trillion yuan, a decrease of 9.1%. Trends in the export value of China's plastic products in 2016 Export situation In 2016, China exported 10.38 million tons of plastic products, a year-on-year increase of 6.7%; the export value was 235.17 billion yuan, a year-on-year increase of 0.5%. The export of 1 million tons in December was a month-on-month increase of 5.3%; the export value was 25.73 billion yuan, a month-on-month increase of 15.6%. Import situation In 2016, China imported 25.7 million tons of plastics in primary shapes, a year-on-year decrease of 1.5%; the value of imports was 273.06 billion yuan, a year-on-year decrease of 2.2%. In December, the import volume was 2.64 million tons, an increase of 10.5% month-on-month; the import value was 29.30 billion yuan, an increase of 10.9% month-on-month. In 2016, China imported 5.81 million tons of natural and synthetic rubber (including latex), a year-on-year increase of 23.1%; the value of imports was 57.66 billion yuan, a year-on-year increase of 18.8%. In December, 730,000 tons were imported, a month-on-month increase of 30.4%; the value of imports was 8.63 billion yuan, a month-on-month increase of 45.8%.