Media: Zhongjing Petrochemical sets record in PP Exports, eyes further growth

Zhongjing Petrochemical has emerged as China's leading force in PP exports in Q1 of this year, achieving remarkable milestones in volume and value. The company reported an export volume exceeding 150,000 tons, valued at nearly CNY1.3 billion, comprising one-third of China's total PP exports. 

This surge is attributed to robust demand, with orders pouring in steadily since the year's commencement. Director Weng Guanshu credits this success to steady streams of orders and full-capacity equipment utilisation.

PP, a versatile polymer material, experiences heightened demand both domestically and internationally, prompting Zhongjing's strategic investments in advanced technology to enhance production capabilities. The company's expansion efforts, coupled with participation in international initiatives like the "Silk Road Route" have attracted a mass of international buyers, solidifying its foothold as a key player in the international trade landscape.

Quality and competitive pricing are Zhongjing’s main drivers for success. With export prices surpassing domestic rates and undercutting developed countries by $200/ton, the company aims to expand annual PP exports to 400,000 tons. Focused on innovation, exemplified by a recent collaboration with Johnson Matthey, the firm is poised to lead the pure hydrogen industry as it pursues ambitious goals in the "14th Five-Year Plan."