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China PET bottle chip export market review and outlook
¡ª¡ªXue Jinliang, General Manager of Sanfangxiang International Trading Co., Ltd.,
2017-10-19 16:05:07
Xue Jinliang, General Manager of Sanfangxiang International Trading Co., Ltd., delivered his speech on the topic of China PET bottle chip export market review and outlook
Mr. Xue introduced the status of China's PET bottle chip exports. In 2017, there are four features in PET bottle chip exports: 1. export growth is capped; 2. anti-dumping investigation increases; 3. price advantage weakens in export market; 4. great potential in emerging markets.
Exports in the first seven months in 2017 were broadly flat from the same period in 2016. Japan remains the largest destination. Japanese clients built massive stock before the anti-dumping case. Exports to South Korea and Australia increased, while to Indonesia and Malaysia declined due to anti-dumping. Anti-dumping cases raised these years. Xue thinks that enterprises could actively exploit emerging markets in response to global anti-dumping.
The price advantage of China's PET bottle chip export has weakened as export price bottomed out. Export cash flow maintained healthy in Jan-Jul, 2017, but the real profits were weaker than domestic sales considering foreign exchange volatility and rising freight rate.
Global PET bottle chip industry will see an expansion cycle in next three years, when the role that Asia and China play will be more important, and the demand is expected to pick up after previous downturn. However, trade conflict and regional protectionism are likely to become routine.
Mr. Xue introduced the status of China's PET bottle chip exports. In 2017, there are four features in PET bottle chip exports: 1. export growth is capped; 2. anti-dumping investigation increases; 3. price advantage weakens in export market; 4. great potential in emerging markets.
Exports in the first seven months in 2017 were broadly flat from the same period in 2016. Japan remains the largest destination. Japanese clients built massive stock before the anti-dumping case. Exports to South Korea and Australia increased, while to Indonesia and Malaysia declined due to anti-dumping. Anti-dumping cases raised these years. Xue thinks that enterprises could actively exploit emerging markets in response to global anti-dumping.
The price advantage of China's PET bottle chip export has weakened as export price bottomed out. Export cash flow maintained healthy in Jan-Jul, 2017, but the real profits were weaker than domestic sales considering foreign exchange volatility and rising freight rate.
Global PET bottle chip industry will see an expansion cycle in next three years, when the role that Asia and China play will be more important, and the demand is expected to pick up after previous downturn. However, trade conflict and regional protectionism are likely to become routine.
