Coal based PP, PE sales results in March see strong growth
Coal based PP, PE sales results in March see strong growth
Two major coal-based PP and PE producers in China have announced sales results for the month of March 2019 and apparently, both makers have achieved satisfactory month-on-month growth.
The following table detail out the production output and the old quantity for March 2019.
|
Company |
PE Production (tons) |
PE Sales (tons) |
Changes in sales (tons) |
PP Production (tons) |
PP Sales (tons) |
Changes in sales (tons) |
|
Shenhua Group Corporation |
- |
29,600 |
+1,300 |
- |
31,800 |
+6,100 |
|
China Coal Energy Co Ltd |
67,000 |
69,000 |
+21,000 |
62,000 |
66,000 |
+31,000 |
Combined and reported by CommoPlast
Apparently, Shenhua Group Corporation did not disclose the production output for March while China Coal Energy Co Ltd provides more details. It cannot escape player’s attention that China Coal Energy Co Ltd has oversold some quantities in March for both PP and PE.
The results underlined the fact that Chinese players have been more active in the local market since returning from the Lunar New Year given the competitive price levels. For April, the market foresees a similar situation.