China Xd Plastics Co Ltd's Comment on Supply Chain
The principal raw materials used for the production of our modified plastic products
are plastic resins such as polypropylene, ABS and nylon. Polypropylene is a chemical
compound manufactured from petroleum. ABS is a common thermoplastic used to make
light, rigid, molded products such as automotive body parts and wheel covers.
Nylon is a thermoplastic silky material. Approximately 54.4% of our total raw
materials purchased by volume are sourced from overseas petrochemical enterprises
and 45.6% from domestic petrochemical enterprises.
The Company has one-year renewable contracts with its major suppliers, which
are distributors of petrochemical enterprises. Because the raw materials used
in our products are primarily petroleum products, the rise or fall in oil prices
directly affects the cost of the raw materials. We attempt to mitigate the increase
or decrease in our raw materials prices by appropriately raising or lowering
the price for our products to pass the cost or savings to our customers as part
of our pricing policy.
China Xd Plastics Co Ltd's Comment on Supply Chain
The principal raw materials used for the production of our modified plastic products
are plastic resins such as polypropylene, ABS and nylon. Polypropylene is a chemical
compound manufactured from petroleum. ABS is a common thermoplastic used to make
light, rigid, molded products such as automotive body parts and wheel covers.
Nylon is a thermoplastic silky material. Approximately 54.4% of our total raw
materials purchased by volume are sourced from overseas petrochemical enterprises
and 45.6% from domestic petrochemical enterprises.
The Company has one-year renewable contracts with its major suppliers, which
are distributors of petrochemical enterprises. Because the raw materials used
in our products are primarily petroleum products, the rise or fall in oil prices
directly affects the cost of the raw materials. We attempt to mitigate the increase
or decrease in our raw materials prices by appropriately raising or lowering
the price for our products to pass the cost or savings to our customers as part
of our pricing policy.
Sources:
China Xd Plastics Co Ltd's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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