#UPRCHINA
1. In the first half of the market prices at record low
2. Resin manufacturers operation rate is low in the first half of the year.
According to statistics, in the first half of 2019, the average operation rate of UPR was only about 35%, down 3% compared with the same period last year. Affected by the overall weak atmosphere of the domestic market this year, resin terminal demand is sluggish.
3. Obvious increment of export volume of UPR
According to statistics, exports in january-may reached 9,912 tons, up 64.5% year-on-year. Many resin companies began to seek export to digest domestic stocks
4. Resin profits continued to compress in the first half of the year due to the impact of the overall weak raw material market, resin corporate profits continued to decline, and in the middle of the resin corporate profits have compressed little. In the first half of the year, the unsaturated resin market was affected by the economic and trade friction between China and the United States.