Economic countries such as Europe and the United States have fallen into “order shortage”! A large number of factories such as Shandong and Hebei stopped production!

Economic countries such as Europe and the United States have fallen into “order shortage”!

The first value of the US Markit manufacturing PMI in October released by the S&P company was 49.9,the lowest since June 2020, and has fallen out for the first time in the past two years. The PMI survey highlights the increased risk of shrinking the US economy in the fourth quarter.

According to data released by the euro area, the initial value of the October manufacturing PMI in the euro zone was reduced from 48.4 in September to 46.6, which was lower than the expected 47.9, a new low of 29 months. Data exacerbate the market’s increasingly unavoidable guessing of the decline in the euro zone.

A few days ago, the first value of Markit manufacturing PMI in the United States released in October released by the S & P Company was 49.9, a new low since June 2020. It has fallen for the first time in two years. The monthly atrophy; the initial value of the comprehensive PMI is 47.3, which is not as good as expected and previous. The PMI survey highlights the increased risk of shrinking the US economy in the fourth quarter.

Chris Williamson, chief economist of S & P global market intelligence, said that the US economy declined significantly in October, and his confidence in prospects deteriorated sharply.

According to a report by Agence France -Presse on November 1, the latest industry survey data shows that due to the decline in orders and prices for the first time in more than two years, in October, the worst growth of the US manufacturing industry since 2020. It is reported that although the supply chain is chaotic and the supply of supply is interference, the output of manufacturing has remained increasing. But analysts pointed out that the manufacturing industry is facing a challenge of weak demand.

The latest survey released by S & P global shows that in October, the euro zone manufacturing activity in October contracted for the fourth consecutive month. In October of the 19 member states, the final manufacturing purchase manager (PMI) index was 46.4, the initial value was 46.6, and the first value of September was 48.4. It was confirmed that the fourth consecutive contraction was the lowest since May 2020.

As a European Economic locomotive, the downturn of its manufacturing industry accelerates in October. October’s manufacturing purchasing manager (PMI) final value is 45.1, the initial value is 45.7, and the previous value is 47.8. the fourth consecutive contraction and the lowest reading since May 2020.

Shandong, Hebei and other 26 places launched heavy pollution weather emergency response! A large number of factories suspended production limit!

According to the results of the China Environmental Monitoring Station and the Provincial Environmental Monitoring Center of Beijing -Tianjin -Hebei and surrounding areas, since November 17, 2022, a moderate to heavy pollution process will occur in the Beijing-Tianjin-Hebei region and its surrounding areas. According to the national and provincial guidelines, the Beijing-Tianjin-Hebei region and its surrounding areas are required to launch joint prevention and control measures.

During the same period, Hebei, Henan, Shandong, Shanxi, Hubei, Sichuan and other places issued heavy pollution weather warnings, launched emergency response to heavy pollution weather, and required key industrial enterprises to reduce emission reduction. According to incomplete statistics, 26 places have been issued for emergency early warning of heavy pollution weather.

The goal is to eliminate heavy pollution in more than 70 percent of cities at prefecture level and above by 2025, and reduce by more than 30 percent the number of days with heavy pollution caused by human factors in the Beijing-Tianjin-Hebei region and its surrounding areas, the Fenhe and Weihe Plain, northeast China and the northern slopes of the Tianshan Mountains.

Meanwhile, the relevant person in charge of the Department of Atmospheric Environment of the Ministry of Ecology and Environment stated that if the measures of heavy pollution emergency emission reduction measures are not in place, the relevant enterprises will be punished in accordance with the law, and the performance grading is lowered in accordance with the regulations. At the same time, policies and measures to reduce the burden on the control of enterprises and drivers and driver motor vehicles and non -road mobile machinery. Do a good job of decomposing regions and annual tasks, and strictly supervise and evaluate. Study and build a mobile source on -site fast detection method and quality control system, improve the standardization and information level of law enforcement equipment, and improve the effectiveness of law enforcement.

In recent years, by formulating the implementation of the “Air Pollution Control Action Plan” and “Three -Year Action Plan for the Blue Sky Defense War”, my country’s environmental air quality has improved significantly, and the people’s blue sky happiness and sense of gain have been significantly enhanced. However, the problems of air pollution in key areas and key areas are still prominent. The concentration of fine particles (PM2.5) in Beijing, Tianjin, Hebei and surrounding areas is still high. In autumn and winter, heavy pollution weather is still high and frequent, and the prevention and control of air pollution is far away. Chemical enterprises must fully recognize the importance and urgency of air pollution prevention and control, strictly abide by the various emission reduction measures for heavy pollution weather, and make their own efforts to win the battle of blue sky protection.

Following the sudden plunge in international oil prices last Friday, after bringing the inner market market, today’s date market is a tragic green! It is estimated that the spot is going to fall again ..


In fact, in the past month, affected by the decline of international crude oil, the Shanghai crude oil in the inner market fell continuously, falling more than 16% in just ten days, has fallen below the 600 yuan/barrel mark.

As an important commodity, crude oil has an important guidance for the chemical sector, and the crude oil market that has fallen again and again allows the plastic market to “rain”. Especially PP PE PVC.

PP plastic

As can be seen from the price changes in the South China market in the past month, the price of PP has declined continuously in the past month, from the mainstream market price of RMB 8,637/ton at the beginning of the month to the current RMB 8,295 /ton, down more than RMB 340/ton.

This is relatively rare for PP market which has always been relatively stable. The price of other brands has fallen even more. Take Ningxia Baofeng K8003 as an example, it has fallen by more than RMB 500/ton since the beginning of this month. Yanshan Petrochemical 4220 from the beginning of the month down more than RMB 750/ton.

PE plastic

Taking LDPE/ Iran Solid Petrochemical /2420H as an example. In just one month, the brand fell from RMB 10,350/ton to RMB 9,300/ton, and the monthly decreased by RMB 1050/ton.

PVC plastic

Basically lying in the “intensive care unit” …

The decline of crude oil can undoubtedly bring opportunities to breathe the raw material market. However, considering the current situation of the downstream market demand and the blooming of domestic epidemic, the cost end in the short term has little support for the plastic market. It is normal for the market to rise or fall. It is recommended that bosses calm down and do not expect much about 2022, and make timely preparations for stocking before the year.



Post time: Nov-30-2022