Plastic raw materials: demand reduction adjustment is inevitable

China's plastic raw materials have a large degree of dependence on the import market, while plastic products are exported in large quantities. The exchange rate reform and export tax rebate adjustment have affected the raw material production enterprises, intermediate traders, and end-user enterprises in the upstream of the plastics market to varying degrees. . In the short term, the export of plastic products enterprises will face certain pressures. In particular, the plastic processing enterprises that mainly export in the Pearl River Delta region will be hit hard. Due to high operating costs, orders will be greatly reduced, and the demand for plastic raw materials will also be greatly reduced. The plastics industry will face a new **.

According to industry insiders, the plastics industry has seen a significant increase in domestic production capacity in recent years, and at the same time, it still has a large degree of dependence on imported materials. As a result, the oversupply situation in the plastics industry is intensifying. The export tax rebate adjustment began with scrap plastics, and the adjustment of the plastics industry structure is beginning to open. The plastics industry is about to face a new **. The president of the China Plastics Processing Association Liao said that the overall impact of the exchange rate reform on the Chinese economy is certainly positive in the long run, and that risks and opportunities coexist. How the plastics industry manages this opportunity is worth pondering.