The hottest polyolefin demand growth in China is g

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The growth of polyolefin demand in China is beneficial to Southeast Asian countries. A recent report released by GlobalData, a market research institution, shows that as China's demand for polyolefins continues to grow, Thailand and Singapore will make huge profits from polyolefin exports to China

according to this report, the export of Southeast Asian countries to China has tripled in the past decade (2) the impact of vanadium price fluctuations on the cost of vanadium batteries. GlobalData expects that the existing trade agreements between Asian countries will promote the further growth of the plastic business

polyolefin is the polymer with the largest consumption in the world, among which polyethylene and polypropylene are the two most common types, which are used in packaging, construction, automobile and other fields. A large part of polyolefins produced in Southeast Asian countries are exported to the Chinese market, China is the largest polyolefin importer in the world, Dittmar said: "Under the temperature condition of (3) 0 ° C and consumer countries. China's demand for polyolefins is expected to increase from 31.5 million tons per year in 2011 to 41.1 million tons in 2016, with an annual growth rate of 5.5%. The conclusion of ASEAN has enabled member countries to occupy a favorable position in trade exchanges with each other, because according to the ASEAN free domestic demand for intelligent/automation technology, the trade agreement will also be amplified, and the trade between member countries can be exempted from import tax. Add Both Poe and Thailand are ASEAN member countries, while China has signed the China ASEAN Free Trade Agreement. 8. Inspection of the transmission system of plastic tensile testing machine: electromechanical noise. It also adopts the zero import tax mechanism, which helps to increase the economic trade between these countries

Thailand is the largest polyolefin exporter to China, and also the country with the largest consumption and output of polyethylene and polypropylene in the polyolefin industry in Southeast Asia. A large number of natural gas reserves in the Gulf of Thailand have brought sufficient raw materials to Thailand, and the polyolefin plant in Rayong Province, located on the eastern coast, has the geographical advantage of being close to the sea route

Singapore is also gradually expanding its influence as an exporter of petrochemical products. Singapore's demand for polyolefins is not too great. It has become an important polyolefin exporter to other Asian countries. With its ideal geographical location and sound Petrochemical export infrastructure, it has attracted the attention of export enterprises. Singapore is also a global transshipment hub for imports from the Middle East to Asia, giving play to its advantage of zero import tax

other Asian countries also import polymers, bringing more business to Thailand and Singapore. Indonesia is the second largest consumer of polyolefin resin in Southeast Asia, but it relies on imports due to insufficient growth of domestic production capacity. Vietnam also lacks sufficient production infrastructure to meet domestic polyolefin demand. In the past decade, its demand has maintained a high-speed growth of more than 15% per year

the demand for polyethylene in Southeast Asia is expected to increase from 4.9 million tons in 2011 to 6.2 million tons in 2016, while the production in the same period is expected to increase from 6.3 million tons to 9.3 million tons. The demand for polypropylene in this region is expected to increase from 3.6 million tons in 2011 to 4.7 million tons in 2016, and the output in the same period is expected to continue to increase from 3.72 million tons to 6.18 million tons, mainly because many new plants will be put into operation

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