China's polystyrene production capacity continues to grow, data show that in 2019-2021, China's polystyrene production capacity of 3.686 million tons, 3.85 million tons and 4.55 million tons, respectively.

　　2019-2021 China polystyrene production capacity changes

　　Source: Public information

　　In 2021, China's general-purpose polystyrene production capacity of 2.86 million tons, of which, East China's production capacity of 2.05 million tons, accounting for 71.68% of the industry's total capacity; followed by South China, with a capacity of 13.29%; North China and Northwest China production capacity is relatively small, accounting for 8.39%, 6.64%, respectively.

　　China general-purpose polystyrene production capacity distribution in 2021

　　Source: Public information

　　In 2021, China's high impact polystyrene production capacity of 1.69 million tons, East China's production capacity also ranked first, with a capacity of 68.05%, South China's production capacity of about 460,000 tons, accounting for 27.22%.

　　China high impact polystyrene production capacity distribution in 2021

　　Source: Public information

　　In terms of industry production and start-up rate, the overall start-up load of polystyrene industry is 78.78%, 78.43% and 72.25% from FY2019 to FY2021, corresponding to a production scale of 2.937 million tons, 3.0194 million tons and 3.2872 million tons during the period, with the industry start-up rate remaining at a high level and the production scale showing an upward trend, mainly because the downstream The overall demand scale of the industry has increased compared with the previous period, and the whole polystyrene market has gradually begun to transition to a tight supply-demand balance.

　　China Polystyrene Production and Start-up Rate 2019-2021

　　Source: Public information

　　The annual average profit of the polystyrene industry in FY2020 has reached $1,721/ton, and in FY2021, due to the superposition of multiple contingent factors in the styrene market, while the downstream market due to the sudden increase in the price of copper, aluminum and other bulk non-ferrous raw materials, coupled with the impact of logistics costs, the strengthening of cost control throughout the PS downstream, the combined effect of both factors led to the industry average profit level of the polystyrene industry narrowing to $818/ton for the year.

　　Annual average value of profit in China polystyrene industry in 2020-2021

　　Source: Public information

　　The market sales price of polystyrene is highly correlated with the price of styrene, the main raw material, and also influenced by the state of supply and demand of polystyrene. 2021, China's polystyrene price changes are relatively stable, except for January and March.

　　Polystyrene price trend in China from January to December 2021

　　Source: Public information

　　In terms of import and export quantities, China's polystyrene is mainly exported, supplemented by imports. 2021, China's polystyrene achieved exports of 1.199 million tons, down 11.84% year-on-year; achieved imports of 223,000 tons, up 5.2% year-on-year.

　　China's import and export quantities of polystyrene, 2016-2021

　　Source: China Customs, organized by the China Institute of Industrial Research

　　Original title: 2021 China polystyrene (PS) industry status and development trend, the degree of specialization will be increasingly high

　　The Chinese Institute of Industrial Research (CIIR) has conducted an in-depth analysis of the development status of China's polystyrene (PS) industry, the industry's upstream and downstream industry chain, the competition pattern and key enterprises, etc., to minimize investment risks and operating costs and improve the competitiveness of enterprises; and use a variety of data analysis techniques to forecast industry development trends so that enterprises can seize market opportunities in a timely manner; for more details, please pay attention to the "2022-2027 China Polystyrene Industry Market Analysis and Investment Strategic Planning Report" published by CIIR.