2023YearPolicyNew trends in consumptionorLiftingABSRaw materialDemand

ABSIt is a raw material product synthesized from acrylonitrile, butadiene and styrene. It is widely used in automobiles, electrical appliances, instrumentation and other fields. The use in the automotive field includes automobile instrument panels, body outer panels, interior trim panels, steering wheels, sound insulation panels, door locks, bumpers, ventilation pipes and many other components. Since the new crown epidemic, a number of chip factories around the world have experienced a phased reduction and shutdown, as well as manpower shortages, capacity shortages and many other factors, the global lack of core situation spread. The spread of the lack of core situation, so that some of the world's automotive, home appliance enterprises once appeared to reduce production operations, to a certain extent, limit.ABSthe level of start-up of downstream firms, limitingABSThe growth rate of demand in the industry.

Outlook2023Year, a new round of home appliances to the countryside+New trends in smart home appliance consumption,ABSAs a key component material for home appliances, the demand side may be strongly supported.

2007Year12In January, China began its first round of home appliances to the countryside.2009-2012During the year, the sales volume of Chinese home appliances to the countryside reached2.83Billion.2022Year7Month, Ministry of Commerce, etc.13The department issued the Notice on Several Measures to Promote the Consumption of Green Smart Home Appliances, and the policy proposes to carry out the national home appliances.“trade in old for new”Activities, the comprehensive promotion of smart refrigerators, ultra-high-definition television and other green smart home appliances consumption, while the policy also pointed out that to promote green smart home appliances to the countryside, a new round of home appliances to the countryside or will open. In recent years, in addition to color TV, other types of home appliances per 100 households have shown steady growth, home appliances consumer support is stable.2022Year12Month29On the same day, the spokesperson of the Ministry of Commerce stated at a regular press conference that it will actively take measures to restore and expand consumption. In terms of promoting home appliance consumption, it will promote green smart home appliances to the countryside and trade in old ones. In terms of consolidating and upgrading traditional consumption, the Ministry of Commerce will focus on stabilizing automobile consumption, supporting the purchase and use of new energy vehicles, and accelerating the activation of the second-hand car market. Support the recovery and development of catering and other industries.

On the other hand, with the further development of intelligent trend, intelligent home appliances have gradually penetrated,2022The percentage of smart color TV penetration reached55%The penetration rate of intelligent air conditioning reaches24%. Experts believe that the intelligence of home appliances is still the key means of product innovation. With the further development of intelligence, the replacement cycle of home appliances may be shortened, and the incremental demand of the industry may accelerate.

2021YearABSThe industry's operating rate has declined significantly,2021YearABSIndustry production is345.99Ten thousand tons, down year-on-year.3.48%.2021YearABSThe total capacity is470Ten thousand tons, year-on-year growth12.71%. our current countryABSNew capacity is growing faster, but there are still some high-end products that need to be imported, such as high impact resistance.ABSproducts, etc. According to the published production plans of various manufacturers,2022-2025YearABSIndustry capacity increments or respectively.335,166,300,130Tons, according2017-2022Average operating rate84%calculation,2022-2025The actual production increment or respectively.281,139,252,109million tons,2021-2025Production compound growth rate or reach.31%The supply of the industry has entered a stage of rapid expansion, and the supply and demand pattern may be biased towards easing.

From the price side,2021In the fourth quarter of 3., downstream enterprises“gold nine silver ten”Underperformance, shrinking demand side, superimposed on the release of some new capacity, industry supply and demand pattern imbalance,ABSProduct prices and spreads have fallen sharply.2022In the first half of the year, the conflict between Russia and Ukraine brought about a sharp rise in crude oil prices, the product cost side of the center of gravity rose, but due to the impact of the outbreak of the epidemic in local areas of the country, the demand side was significantly suppressed, the cost upward can not be smoothly transmitted to the downstream, product earnings performance is not good. also affected by the epidemic,2022The phenomenon of low peak season in the third quarter of the year was highlighted.

From the perspective of other downstream industries, the output of air conditioners, refrigerators, televisions, and washing machines this year has increased and decreased year-on-year and month-on-month.ABSMarket impact is limited. Experts believe that in the future, along with the optimization of epidemic prevention and control measures to further advance, household consumption is expected to expand again, the demand side may continue to repair.

In the long run, becauseABSIt is a renewable material that can process certain attributes according to different needs and produce corresponding products, which will not cause too much loss of resources. Coupled with the development and progress of technology, the current recycled plastics have certain elasticity, high strength, wear resistance and good insulation properties. With the serious plastic pollution, in order to promote the recycling of plastics and reduce the pollution of plastics,GRSCertified recycled materials have become the flagship of various brands. Strict recycling standards, traceability of recycling, higher supply chain supervision, higher quality requirements. In order to accelerate the realization of carbon neutrality, adhere to sustainable development, but also to help customers reduce costs, effectively solve the problems of high prices and high production costs, Yujie Industrial has developed a large numberABS,PCABS,PC,TPE,PP,PEAnd so on all kindsGRSEnvironmentally friendly recycled materials,RABSPlastic comes from the dismantling of electronic products, computer electrical housings, toys and other materials after the use of recycling. After wasteABSAfter the recycling of materials, through Yujie Industrial's innovative physical modification method, the waste is realized.ABSof recycling. In terms of color, mechanical properties and environmental protection, it has reached first-class standards.RABSColor can be divided into natural color, white, black, high-gloss black and other different types.RABSPlastics are currently modified by Yujie Industrial Innovation:XL700Ordinary level; used in washing machines, TV housings, printers, telephone housings, toys, fax machines, audio housings, vacuum cleaner housings, cosmetic boxes, etc.XL100AFire level; used in computer peripheral products shell; home appliance controller shell; other power contact parts electrical switch, circuit breaker shell, etc.XL700GF10-30: plus fiber grade. All of the above products have passedGRS,ROHS,REACHSuch as environmental certification and can be openedTC.