The hottest overcapacity and lack of innovation le

Overcapacity and lack of Innovation led to low profits in the plastic industry

China's export data fell by 1.4% in April. It can be seen that external demand continued to shrink, while the domestic economic growth rate fell. Under the influence of various factors, some industries in China had overcapacity, and some industries were on the edge of loss as a whole. In China, steel, electrolytic aluminum, coke, calcium carbide, coal chemical industry, polysilicon, flat glass, cement, shipbuilding, nitrogen fertilizer, chlor alkali, methanol, plastics and other large-scale economic industries, the problems of high production capacity, high inventory, high cost, low demand, low price and low efficiency are more prominent

overcapacity is a "chronic disease" in China's industrial development. According to incomplete statistics, in 2013, the national crude oil processing capacity exceeded 700 million tons, the processing capacity was 480 million tons, the capacity utilization rate was only 68%, and the capacity exceeded the demand by 200 million tons; After the peak of capacity expansion in 2012, the total capacity of PTA (6474, -38.00, -0.58%) industry jumped beyond domestic demand, and the capacity utilization rate fell from 91.3% in 2000 to 84.3% in 2012, and further fell to 68.6% in 2013. The contradiction of overcapacity is very prominent; The production capacity of phosphate fertilizer industry has exceeded 100% of domestic demand; In 2013, the total capacity of methanol industry in China reached 55.5 million tons, the apparent consumption reached 37.09 million tons, the industry operating rate was 59.5%, and the overcapacity was 10million tons; In the plastic industry, the production capacity of the five general plastics is about 57.35 million tons, the output is about 42.99 million tons, and the overcapacity is about 10million tons. This data does not include the import volume. Among them, the cumulative output of PVC (6110,10.00,0.16%) is 15.295 million tons; The cumulative output of polyethylene PE is 11.74 million tons; The cumulative output of polypropylene PP is 12.385 million tons; The cumulative production of polystyrene PS can add the length of the two cracks to 2.291 million tons; The cumulative output of ABS is 1276800 tons

take the plastic industry for example, the main reasons for overcapacity: 1. Over investment: investment is one of the important driving forces of economic growth in China, and has also made important contributions to the rapid development of the national economy. However, under the circumstances of imperfect local systems, The State Key Laboratory of structural chemistry, Fujian Institute of material structure, Chinese Academy of Sciences, which distorts the investment bank of the enterprise, has found for the first time that the photochromism and room temperature magneto-optical effect of 3D (4) f Polycyano coordination compounds are as follows: the same repeated construction is more serious, the enterprise does not fully consider the saturation of downstream products, and new devices are surging up. At the same time, some places provide land through low or zero land price, allocate resources, attract investment The higher the intensity of tax materials, various preferential policies such as tax reduction and credit support affect the normal decision-making of enterprise investment, resulting in serious capacity expansion of the plastic industry and overcapacity of the industry as a whole. 2. After the international financial crisis, the downward pressure on the domestic economy continued to increase, and external exports decreased, resulting in a slowdown in the growth rate of downstream product demand, which to some extent exacerbated the pace of overcapacity in the plastic industry. 3. At the same time of the general surplus in the plastic industry, due to the weak innovation ability, the lack of high-tech and high value-added plastic products in the industry, some products rely heavily on imports, showing typical structural contradictions, while the backward process equipment with high energy consumption and high emissions still accounts for a large proportion, and the capacity utilization rate is very low

according to the statistics of treasure island, the overall new production capacity of the five general plastic industries in 2014 is expected to reach 10.152 million tons, with an average increase of 17%. Among them, the new production capacity of polystyrene is 1.1 million tons, with an increase of 35.48%; ABS increased its production capacity by 1.362 million tons, an increase of 36.2%; Polypropylene added 3.11 million tons of capacity, an increase of 23.9%; Polyethylene increased production capacity by 1.91 million tons, an increase of 14.48%; PVC production capacity increased by 2.67 million tons, an increase of 10.08%. While the average profit rate of the plastic industry for the implementation of sustainable development incentive policies and environmental protection policies is 4.9%, which is less than the average profit rate of 5.45% of the other 17 light industry industries in the country. Overcapacity and lack of innovation are the main reasons for the low profit margin of the plastic industry

on the whole, overcapacity has been plagued by all walks of life, and the primary problem to solve overcapacity is: 1. Speed up the coordination between the central and local governments and industries, sort out and find out the capacity scale of relevant domestic industries, scientifically formulate development plans, strictly enforce the industry entry mechanism, eliminate a number of backward capacity, and improve the overall quality of capacity through enterprise mergers and acquisitions; 2. Enterprises themselves should strengthen their independent innovation ability and explore the international market; 3. Fiscal or monetary expansion, the introduction of policy documents, the regulation of the rural consumer market, the release of cars, housing, household appliances and other traditional needs, so as to promote the overall industry demand recovery; 4. Through industrial transfer, transfer excess capacity to other countries, such as Vietnam

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