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China Plastic Industry Shows Slower Growth
Release time:2013-10-07 Source:admin Reads:
China's plastic output expanded 11.5 percent in the first four months, two percentage points higher than the country's overall industrial output growth, but slowing from the 16.9 percent in the same period last year, an industry report showed. Plastic industry reflects trends in the petrochemical market and the macro economic situation as well. With the rapid development of plastic industry, an increasing number of plastic products especially PVC labels emerge in the market. Due to its soft material, abrasion resistance and three dimensional effect, PVC labels are widely applied in every field such as garment industry playing the role of advertising and reinforcing cooperate image.However, according to the report from China National Light Industry Council, plastics industry has met some difficulties amid weak economic recovery both at home and abroad. The industry has entered a period of "reasonable growth" after years of fast development, said the report. During this period, Chinese plastic producers raked in 532.7 billion yuan ($86.9) from their main businesses, with the profit of 26.9 billion yuan.China exported plastic products headed by PVC labels valued at 16.8 billion yuan in the first four months, up 23 percent year on year. In the first quarter, fixed asset investment into the rubber and plastic sector stood at 72.3 billion yuan, rising 23.1 percent year on year. To help manage risks in the plastic industry, China's Dalian Commodity Exchange's (DCE) is preparing to launch polypropylene (PP) futures within this year. Nowadays as products made from PP or PVC such as PVC labels and toys have been widely appreciated at home and abroad. It seems that with the support of DCE, plastic industry is very likely to develop in a regulated, sound environment and contribute a lot to China’s plastic output. Currently, two plastic products LLDPE and PVC are traded on the DCE. Last year, Dalian LLDPE and PVC futures prices respectively moved in a range of 21.55 percent and 11.45 percent.

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