In February, the volume of PP transactions in Dongguan decreased by 0.32 million tons, while under the anti-dumping measures for POM, the import substitution increased by 3.07 million tons.

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In February, the volume of PP transactions in Dongguan decreased by 0.32 million tons, while under the anti-dumping measures for POM, the import substitution increased by 3.07 million tons.

Plas 2025-03-22 16:44:54

According to the Plas Network industry data, the total volume of PP spot transactions in the Dongguan market in February reached 22,800 tons, a decrease of 3,200 tons month-on-month. Among them, CNOOC and Shell Petrochemicals Huizhou ranked first with a market share of 25.04%, demonstrating its strong competitiveness in the Dongguan market. Other major suppliers included Formosa Plastics Ningbo (10.77%) and Formosa Chemicals Taiwan (6.71%). Due to declining costs and weak demand, the PP market in February showed a trend of "initial decline followed by fluctuation and consolidation," with prices for most grades slightly decreasing.

In February, the total trading volume of POM spot in Dongguan market reached 30,700 tons, an increase of 5,500 tons month-on-month. From the data in the chart, it can be seen that the trading volume of POM plastic raw materials in the Dongguan market in February was relatively dispersed, with no single manufacturer occupying an absolute dominant position. Among them, Polyplastics Malaysia had the highest share at 27.67%, followed by Celanese Saudi Arabia with 10.44%. Affected by the Ministry of Commerce's anti-dumping policy on imported POM, the supply of imported POM decreased, and imported brands (such as Asahi Kasei, Polyplastics Japan) were forced to raise prices, indirectly boosting the demand and price of domestically produced POM.

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In February, the volume of PP transactions in Dongguan decreased by 0.32 million tons, while under the anti-dumping measures for POM, the import substitution increased by 3.07 million tons.

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