In 2011, the prices of chemical products in China all increased, but due to the sharp increase in raw material prices and the slowdown in downstream industry demand, the average annual growth rate of gross profit and consumption of the industry decreased significantly.

Last year, CPPI (Sinopec Chemical Products Price Index) averaged 225.1, an increase of 15.2% over 2010; naphtha price index was 96.5, an increase of 23.7% over 2010. Some experts pointed out that this means that the sharp rise in raw material prices is an important reason for the drop in gross profit of chemical products.

In addition to the increase in raw material prices, the downstream industry’s slowdown in the demand for petrochemical products has played a certain degree of inhibition. For example, the growth rate of the construction industry and the household appliance industry has slowed down significantly; the growth rate of domestic automobile production and sales has also declined significantly.

In 2011, China’s ethylene production was 15.54 million tons, an increase of 9.4% from 2010. The consumption of ethylene equivalent was 31.32 million tons, which was 4.9% higher than that of 2010, and consumption growth rate was down 7% from 2010.

In the same year, the production of polyethylene and polypropylene in China increased by 7.4% and 10.2% respectively over 2010, and the apparent consumption increased by 3.4% and 5.9% respectively compared with 2010, but the growth rate of consumption decreased by 8% and 3% respectively compared with 2010. .

Since the beginning of last year, the overall price of polyolefins in China has continued to decline, especially since October, when prices have fallen significantly. Last year, the gross profit of China's polyolefin products dropped significantly. Among them, LLDPE (linear low density polyethylene) is lower than the breakeven point for 7 consecutive months; other products are generally close to or below the breakeven point after November.

Look again at synthetic fibers: In 2011, the growth rate of supply and demand for synthetic fibers fell to 8%, of which polyesters increased by 10%, and the supply and demand of acrylic fibers and nylons increased by 3% to 6%, but both were significantly lower than the growth rate of the previous year. From the fourth quarter of last year, the prices of major synthetic fiber products fell sharply and remained stable until the end of the quarter. Data show that in 2011, the prices of major synthetic fiber products rose from 2010, polyester prices rose by 20%, acrylic fiber prices rose by 10%, of which the gross profit of polyester staple fiber decreased.

Brass Press Fittings

brass Press Fittings according to vigea and connex quality,approved kitemark and DVGW,Brass Press Fittings,brass press fittings,press Brass Fittings,pipe press fittings, V type brass press fittings,M type brass press fittings,M type brass press fittings Brass M type adapter press fitting Lead Free Brass Press Fittings 1/2"-2"

Brass Press Fittings,brass press fittings,press brass fittings,pipe press fittings, V type brass press fittings,M type brass press fittings

Taizhou Runde Company , https://www.zjbronzefittings.com