On July 24, the 2024 China Chemical Fiber Industry Association Polypropylene Branch annual meeting was held in Haining, Zhejiang Province. Chen Xinwei, President of China Chemical Fiber Industry Association, Guo Qinghai, Chairman of Guangdong Montai High-tech Fiber Co., LTD., President of China Chemical Fiber Industry Association Polypropylene Branch, Chen Zhangren, General manager of Cixi Polypropylene Fiber Industry Association/Datong Chemical Fiber Co., LTD., Sun Xia, general manager of Zhejiang Jincai New Materials Co., LTD., Chen Long, Professor of Donghua University School of Materials Science and Engineering and other guests, As well as nearly 200 senior experts, scholars, researchers and entrepreneurs from the upstream and downstream of the polypropylene industry chain gathered to discuss the new development of the polypropylene industry. The meeting was presided over by Li Zengjun, chief economist of China Chemical Fiber Industry Association and Executive vice president of Polypropylene Branch.
This meeting is sponsored by China Chemical Fiber Industry Association, China Chemical Fiber Industry Association polypropylene branch, Zhejiang Jincai New Materials Co., Ltd. and China Polypropylene network.
Qingyuan Yitong Weaving Co., Ltd. participated in the meeting, in-depth discussion of industry dynamics, discuss business opportunities in the polypropylene industry.
Dou Juan, secretary general of the Polypropylene Branch of China Chemical Fiber Industry Association, on behalf of the secretariat of the Polypropylene Branch, made the "Economic Operation Analysis and Outlook of China's polypropylene industry" report, reviewed the overall operation of the polypropylene industry in 2023 and the first half of 2024, and looked forward to the overall development in 2024.
In recent years, the total domestic polypropylene production has not increased significantly, and the overall trend has stabilized, but the industrial concentration has increased. In terms of polypropylene raw materials, the domestic polypropylene industry continues to expand capacity, in the context of demand growth less than the supply growth rate, competition has intensified, and oversupply has become the norm. In 2023, the price trend of polypropylene staple fiber and filament is to stabilize and then rise, and the gross profit of the product has declined slightly. In 2023, the profitability of the polypropylene industry is basically stable, due to the increase in various costs, the profit of enterprises is relatively reduced, and the polypropylene industry is under pressure.
From January to May 2024, the export volume of polypropylene has increased compared with last year, of which the short fiber has doubled, and the main exporters are Bangladesh, Vietnam, Thailand, India, Indonesia, Brazil, Peru and so on. It is expected that the raw material polypropylene production capacity will be further expanded in 2024, the polypropylene industry concentration will be further improved, backward production capacity will be gradually eliminated, and the gross profit margin of the industry will be further reduced due to slowing demand.
The participants introduced the company's market operation in the first half of 2024 and commented on the overall development of the industry. The market management, industrial technology upgrading, new product development, intelligent manufacturing, green development and so on are discussed. In the face of this year's market, representatives of the company said that the next step is to reduce production costs, increase product research and development efforts, carry out product differentiation development, and actively expand the downstream market application field and expand the use of polypropylene. Professor Chen Long of Donghua University said in particular that upstream and downstream enterprises of polypropylene should carry out scientific and technological innovation and promote the high-quality development of the polypropylene industry with new quality productivity.
Chen Xinwei, president of the China Chemical Fiber Industry Association, said in his concluding speech that the majority of small and medium-sized enterprises in the polypropylene industry, stable development, little change in production capacity, but a high proportion of exports. In view of the development characteristics of the polypropylene industry, Chen Xinwei put forward five suggestions: First, polypropylene enterprises themselves should actively make efforts to improve corporate visibility, so that more downstream enterprises can understand polypropylene enterprises and accept polypropylene products. The second is to cooperate with the downstream to jointly develop new products, expand new application fields, create demand, lead demand, make the cake bigger, and expand influence. Third, the polypropylene industry should speed up the progress of production technology and the iteration of production equipment, and carry out intelligent, digital and green upgrading. Fourth, continue to play the platform role of the polypropylene branch to promote exchange, communication and cooperation between polypropylene enterprises. Fifth, polypropylene enterprises should be prepared for safety and improve the ability to respond to changes in the industrial pattern.
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