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Insight | Time: Jul 1 2020 4:14PM
VSF output of China in H1 2020
 
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Note: figures in the chart are initial estimation according to the operation of VSF companies in the first half of 2020, which may be deviated from the actual ones and are just for reference.

The chart above shows VSF output of China in the first half of 2020 by region, totaling 1.75 million tons, down 130kt or 7% year on year. The output of North China, Shandong, Xinjiang and other provinces reduces sharply during the period, representing a year-on year decline of 27.5%. The operating rate in Jiangsu is not very high in the first half of 2020, but VSF units in North Jiangsu are totally closed in the second quarter due to the blast in Xiangshui, so there is still minor increase of output. The operating rate in East and South China is relatively high with start-up of some new lines, so the output increases notably by around 200kt.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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