Global polycarbonate industry is in trouble

2022-06-23
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The global polycarbonate industry is in trouble

the global economic recession is having a serious impact on the growth of polycarbonate market demand. In September, the spot price in the rubber fatigue testing machine market, a star product of StarTech in Hong Kong, has dropped to 2200 US dollars per ton from the peak of 3800 US dollars a year ago, while the average price in the US market has also dropped by 6%-8% this year. In addition, with the gradual implementation of the plan that the global production capacity will increase by 18% by the end of 2002, the market demand for polycarbonate has decreased sharply. A few days ago, some international authorities lowered the growth forecast of polycarbonate demand in the North American and European markets this year from 8% to 1%, and the demand in the Asia Pacific region from 12% to 4%-6% of the capacity under construction under the aluminum standard announced by the Xinjiang government to shut down electrolysis to attract and leverage social capital

however, some producers in this field are still optimistic about the long-term market prospect. They are starting new production capacity as planned. These production capacity mainly appears in Asia, which now accounts for nearly half of the global production capacity. The polycarbonate project jointly invested by LG and Dow Chemical in Korea has increased the production capacity by 65000 tons. The project with an annual output of 50000 tons in Taiwan, China will be put into operation in April next year. Investors also plan to double the production capacity by the end of next year. At the same time, another joint venture project with an annual output of 50000 tons between Taiwan, China and Japan, which also plans to double its production capacity in 2004, was put into operation. Bayer's production facilities in Taiwan, China will add 70000 tons of capacity by the end of this year, bringing its total capacity in this region to 130000 tons. However, Bayer has revised its development plan in the region

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