The hottest import potential of China attracts the

2022-08-08
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China's import potential has attracted the attention of resin manufacturers

only a few years ago, China was the world's main low-cost export base, and products made in China can be seen all over the world. Today, the country is moving in the opposite direction: its growing domestic market is attracting more attention, especially from global resin manufacturers

this change is due to the large-scale economic stimulus plan issued by the Chinese government to a certain extent. The government spends a lot of money on building new infrastructure, expanding medical coverage, and providing tax incentives for the consumption of automobiles and electronic products, so as to promote the development of the domestic economy. Naturally, enterprises will not miss this great opportunity, and dulinko believes that they are busy seizing this market

due to the continuous recession of the global economy, China's export volume fell sharply by 23% in April this year, which is not difficult to understand why industry managers attending the Chinaplas held in Guangzhou on May 18-21 generally expressed that they paid more attention to China's domestic market

for example, the engineering polymer division of DuPont, headquartered in Wilmington, Delaware, expects that 50% of its business in China this year will come from the local market, compared with 1/3 last year

for RS company Ticona engineering polymer, which has invested and produced in China in recent years to solve the technical difficulties of industrial pollution sources, its officials believe that with the increasing improvement of automotive fuel economy and safety performance standards, China's demand for engineering polymers will also increase in the next few years, and its consumption will increase from less than 1 kg per vehicle today to 3-4 kg common in developed countries

of course, China's domestic market cannot fully make up for the sharp decline in exports. Although China's economic growth this year has reached 6% - 8%, the per capita consumption of polymer is still small, less than 1/3 of that of the United States

moreover, perhaps more importantly, it is not clear how stable China's economic recovery is

almost all industry managers interviewed at the exhibition believe that it is difficult to say whether the current recovery in the Chinese market is stable and lasting, or just a foam caused by inventory replenishment or government stimulus programs

John verity, vice president of polyolefin at ExxonMobil Chemical, headquartered in Houston, Texas, said, "it seems that our demand in China picked up in the first quarter of this year, [but] it is difficult to know exactly what the driving factors are. Obviously, we hope to see whether it can be maintained in the next quarter."

Stanley Chu, chairman of Hong Kong Yashi Exhibition Services Co., Ltd., the organizer of China International Rubber and plastic exhibition, said that China can really promote domestic consumption only by improving the public health care, education and housing system and making people feel that they don't have to save a lot of money to nip in the bud

however, some industry managers said that there are some significant changes in China's domestic market

Philippe hanck of DuPont's engineering polymer division in Hong Kong said, "the demand in China's domestic market is very strong."

hanck, the company's director of sales and marketing in Greater China, Southeast Asia and India, said, "the quality level of the domestic market is improving day by day. In the past, enterprises here used ABS or [polypropylene] in electrical or electronic products, but now they use nylon materials."

he said that DuPont saw that the Chinese government's stimulus plan for cars, railways and renewable energy had brought practical results

Pascal Rechatin, the Asia Pacific General Manager of DuPont's industrial polymers and packaging division, said that the market demand of the division in optoelectronic applied plastics is growing significantly, and such products are the support object of economic stimulus measures in many Asian countries, including China

Rechatin, who is based in Shanghai, said: "we are very optimistic about solar energy, and we are as excited as when plastic was first applied to the automotive industry."

Roland polymer, general manager of Ticona engineering polymers, headquartered in Florence, Kentucky, quoted an industry research report as saying that taking the automotive market as an example, China's monthly car sales had surpassed that of the United States at the beginning of this year, and it is expected to continue to nearly double by 2014, when the annual sales will reach about 16million vehicles

he said, "we are seeing this growth trend in China's automobile manufacturing, and at the same time, we are also vigorously promoting the improvement of China's automobile industry standards, which are closer to Western standards. All these have promoted the demand for lighter and more sophisticated parts."

polet compared the situation in China with that in India. Ticona is now supplying fuel system materials to the nano car produced by Tata Motors in India. The car costs 2500 US dollars (17000 yuan), which is known as the cheapest car in the world

he said that even for cars with low prices, designers will still choose engineering polymers in materials, because such materials can provide protection in fire safety and other standards

polet said, "the driving factor of the demand for engineering polymers is mainly policies and regulations, not car prices."

he said that Chery and other Chinese local automobile manufacturers also began to realize that if they can complete the experiments of pipe ring stiffness, ring flexibility, flat, zigzag, weld tension and so on, they must improve the material level in order to enter the global market

he said that Ticona predicted that up to now, there are three natural gutta percha production enterprises in China, and the proportion of China in its total business will increase from about 10% to 25% in 2014

LyondellBasell industries AF SCA, a polyolefin producer, also expects China's auto market to maintain growth this year

Frank noeltgen, vice president of Asia Pacific Automotive of LyondellBasell, said that consumers were still very cautious at the beginning of the year, but according to the current situation, the growth rate of China's automotive market in 2009 is expected to reach 5% - 8%

however, he pointed out that compared with other Asian markets that are still in recession, China is an anomaly: "it can be said that there is no second case in the global [auto market] like China. So far, this market has only experienced a recession, not a crisis."

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