2018-2022In 2018, the expansion of polyether production capacity in China drove the continuous increase of production, and the number of factories Adopting the strategy of determining production based on sales, the annual operating rate of the industry is maintained at 50-60%, and the market competition is fierce.
The slow growth of domestic demand and the rapid expansion of production capacity have caused a serious imbalance between supply and demand. Chinese polyether factories are looking for new breakthroughs to transfer the pressure of excess polyether production capacity. Manufacturers are actively going abroad to participate in exhibitions, investigate, deploy and expand overseas business. International events such as the conflict between Russia and Ukraine in Europe in 2022 and the supply gap caused by the European energy crisis will accelerate the pace of China’s exports to a certain extent.
For a long time, considering various factors such as national policy orientation, cost, customer development difficulty, and potential market size, Chinese polyether manufacturers exported to Asia led by Vietnam, India, Pakistan, Thailand, Indonesia, and Malay Doing more in the country is also the most competitive area except China, and the supply of goods to Europe is relatively small. A key factor is that the REACH certificate blocks the export of small and medium-sized enterprises European opportunities.
The full name of the EU REACH regulation is “Registration, Evaluation, Authorization and Restriction of Chemicals”, which is the registration, evaluation, authorization and restriction of chemicals. According to the relevant provisions of the EU REACH regulations, companies need to report to the European Chemicals Agency (ECHA) for chemical substances (substances themselves, substances in preparations or substances intentionally released in articles) with an annual output or import volume of more than 1 ton in the EU. Submit the registration, otherwise the company will not be allowed to continue to manufacture, import or sell the chemical within the EU.
The registration amount and requirements are also different according to the export volume. Generally speaking, the total cost of completing the registration for 100-1000 tonnage is about 500,000-1 million euros.
In recent years, with the continuous growth and development of domestic polyether enterprises, more and more enterprises have the ability to apply for REACH certificates, and the recent demand recovery in Europe is relatively good, In the first quarter, the export volume of other polyethers in primary form to Europe increased by 71.96% year-on-year, which was a brilliant performance against the background of the weak global economy. Note: Polyether polyols belong to the tariff number 39072990. The tariff number of China Customs 39072990 refers to other polyether polyols in primary form, including polyether polyols, polypropylene glycol, polyethylene glycol, polyphenylene ether, water reducing agent, polyol composite materials, Dozens of products including surfactants.
This year, the European economic performance exceeded market expectations. The main characteristics and performances are as follows: First, the GDP of the Eurozone has maintained positive growth so far. In the fourth quarter of last year, the GDP growth rate of the Eurozone was 1.5%, Germany was 0.3%, France was 0.2%, Spain was 3.3%, and Italy was 1.1%. Good; the second is that the European service industry has generally improved since the beginning of the year. As of March, the service industry PMI in the euro zone has risen to 55, which has rebounded for four consecutive months. , the number of seated diners in Europe has increased significantly;�Driven by the service industry, Europe’s comprehensive PMI rebounded above the boom-bust line; fourth, the European labor market remains resilient, with the European unemployment rate remaining at a low level, falling to 6.6% in February; fifth, the continuous improvement of the euro zone economy Achieved in an environment of monetary tightening and inflationary pressures.
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