Domestic plastic processing industry to overcome market demand

Under the continuous influence of the global financial crisis, with the Chinese economy entering the “new normal”, the plastics processing industry in 2014 overcame difficult market demand, significantly increased labor costs, increased difficulty in financing companies, and further strengthened environmental constraints. Good results for healthy development. According to statistics from the National Bureau of Statistics, in 2014, the enterprises above designated size achieved product output of 7,378,700 tons, an increase of 7.44% year-on-year; the main business revenue was 2,293.939 billion yuan, an increase of 8.92% year-on-year; the profit was 118.286 billion yuan, an increase of 4.24% year-on-year; the export volume was 1607.53 Ten thousand tons, a year-on-year increase of 6.42%. At the same time, the structure has been further optimized, the regional layout has become more rational, new breakthroughs have been made in technological progress and scientific and technological innovation, energy-saving and emission-reduction effects have been remarkable, new product development and new technology promotion have been accelerated, and innovation-driven development has been continuously strengthened.

While seeing achievements, we should calmly analyze the problems such as the slowdown in growth, the decline in benefits, and the irrational structure.

(1) The downward pressure has increased and the growth rate has continued to slow down.

The plastics processing industry continued to slow down during the “12th Five-Year Plan” period after the rapid growth of an average of 20.1% in the “Eleventh Five-Year” period. In 2011, the growth rate of product output was 22.35%; in 2012 it was reduced to 8.99%; in 2013, it was 8.02%; in 2014, the growth rate was 7.44%. According to the continuous decline in the growth rate in the first quarter of 2015, the average increase in the “12th Five-Year Plan” is expected. The rate is about 10%, which is about 10% lower than the average annual growth rate of the “Eleventh Five-Year Plan” period, indicating that the plastics processing industry is entering the new normal state of rapid growth.

(B) The decline in efficiency, business operations, increased difficulties.

At present, the cost of production factors of enterprises continues to increase, resource and environment, and energy constraints are fully enhanced, and corporate profit margins are greatly reduced. The growth rate of the industry-wide profit decreased year by year, from 32.5% in 2011 to 4.24% in 2014. At the same time, the profit rate of business income in 2014 was 5.8%. Basically, the loan interest rate for the same period with the bank is similar, which is far lower than the actual loan interest rate of the enterprise. This not only results in poor business efficiency, but also makes the problem of difficult loans and expensive loans more prominent.

(III) The persistent problems of structural and staged overcapacity have not yet reached effective remission

Structural and periodic overcapacity is a concentrated expression of the irrational product structure of the plastics processing industry. It is a major obstacle to achieving healthy and sustainable development. At present, the issue of low-end overcapacity has not yet been effectively resolved. The regional market demand and phased overcapacity caused by blind introduction have not yet been effectively resolved. However, high-end products still need to be imported in large quantities. The serious oversupply of ordinary packaging films in the biaxial stretching industry has not been resolved. Under the circumstances, the production capacity of lithium-ion battery separators is expected to reach 2.3 billion square meters in 2015, which greatly exceeds the global demand, and new overcapacity will be formed. The proportion of high-end diaphragm imports will reach 90%, and the entire diaphragm import rate will reach 70%.

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