Precision alloy, is a kind of alloy owning special physical properties (such as magnetism, electrical, thermal and other properties).The vast majority of precision alloy is black metal based, only a few is based of nonferrous metals. It usually includes magnetic alloys, elastic alloys, expansion alloys, thermal bimetal, electrical alloy, hydrogen storage alloys, shape memory alloy, magnetostrictive alloy and etc.
In addition, in practical application some new type alloy are also considered to belonging into precision alloy, such as vibration damping alloy, stealth alloy, magnetic recording, superconducting alloys and microcrystalline amorphous alloy and etc.
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2016 General Plastics Industry Operational Data Analysis
First, China's general-purpose plastics production and consumption have dropped slightly compared with the same period of last year. It is predicted that the output of the five general plastics in the country will reach 57.52 million tons in 2016, down 0.49% year-on-year. Apparent consumption is expected to reach 688.356 million tons, down 3.25% year-on-year; among them, polyethylene production is expected to be 14.05 million tons, down 0.95% year-on-year. Apparent consumption is expected to reach 23.29 million tons, down 2.07% year-on-year; polypropylene pellet production is expected to be 16.29 million tons, down 35,100 tons year on year, and apparent consumption is expected to be 19.706 million tons, down 8.65% year-on-year; The output was 16.62 million tons, a slight increase of 1.56% year-on-year, and the apparent consumption was expected to be 16.08 million tons, a slight decrease of 1.34%.
Second, the operating rate of the plastics industry continued to decline, and most of the capacity utilization was insufficient. In 2016, the average operating rate of the general plastics industry is expected to be around 74.3%, down by 3.5% from 2015; the production capacity is growing too fast, and the long-term low operating rate of some varieties of industries is lowering the overall average. The operating rates of polyethylene, polypropylene and ABS polymeric resins ranked the top three, with distributions reaching 86.2%, 82.3% and 81.3%. PVC and polystyrene ranked bottom.
Third, the market supply and demand declined slightly, and the price of plastics rose sharply during the year. As of December, the polyethylene index was 10,100 yuan / ton, up 14.8% from the beginning of the year; the polypropylene pellet index was 9,300 yuan / ton, up 40.4% over the beginning of the year; the polyvinyl chloride index was 7,300 yuan / ton, up 54.33 from the beginning of the year %; polystyrene index was 12,000 yuan / ton, up 38% from the beginning of the year; ABS polymer resin index was 16,000 yuan / ton, up 73.9% from the beginning of the year.
Fourth, PVC companies turn losses into profits. In 2016, the annual gross profit of calcium carbide PVC enterprises was 601 yuan/ton, which was a sharp increase compared with -20 yuan/ton in 2015. The gross profit of ethylene-based PVC enterprises was 171 yuan/ton per year, compared with 2015. -229 yuan / ton has changed significantly. In the first half of 2016, the company maintained low gross profit. The ethylene-based PVC enterprises were mostly negative gross profit. In the second half of the year, they were affected by real estate and infrastructure investment. The increase in demand for building materials increased, and the market atmosphere was activated. The participants’ bullish mentality increased. In addition, with the low inventory effect, the price has formed substantial support. The sales price of PVC in July-November has continuously increased, and reached the highest price in 6 years in November, which has led to the improvement of the profitability of the PVC industry and the turnaround. For the surplus has become common.
5. In the second half of the year, the overall decline in general plastics social stocks expanded, and stocks remained low for three consecutive months since September. According to statistics, the total social inventories of polyethylene, polypropylene and polyvinyl chloride are currently 480,000 tons, down 8% from the previous month; they are down nearly 20% from the same period of last year, and the decline is mainly concentrated in PVC varieties.
6. Plastic imports fell year-on-year and exports rose sharply. It is predicted that the import volume of the five general plastics in 2016 is expected to be 16.09 million tons, down 9.93% year-on-year, and the import volume is expected to be 2.034 million tons, a substantial increase of 27.37%. Domestic product structure upgrades, new varieties of innovation, strong international market demand and the impact of the RMB exchange rate market, the domestic export market has shown a continuous growth trend in recent years, of which PVC exports are expected to exceed 1.16 million tons, an increase of 50%.