9month On the 29th, Sun Xiao, spokesperson of the China Council for the Promotion of International Trade and Secretary General of the China Chamber of International Commerce, introduced at the regular press conference of the China Council for the Promotion of International Trade in September:
“ Currently, foreign trade companies are facing multiple problems such as shrinking external demand, insufficient orders in hand, high comprehensive costs, repeated epidemics, and increased economic and trade frictions. According to the survey, 60.02% of companies said that the decline in orders is facing The biggest difficulty is that 51.83% of the companies feel that orders have been shunted, 56.22% of the companies think that the cost of raw materials has risen, and 47.68% of the companies reflect that the epidemic has affected production.” Sun Xiao said. Of course, I think domestic trade companies are not facing the same problem.
2022year In September, the global manufacturing PMI was 50.3%, a decrease of 0.6 percentage points from the previous month, a month-on-month decline for four consecutive months, and continued to set a new low level since July 2020. On the whole, due to energy issues, recession expectations, anchoring of interest rate hikes, financial risks, geopolitics and other factors in the future, the growth momentum of the global economy may continue to decline, and the readings in the fourth quarter may continue to decline.
But even the economic environment In the downturn, superimposed production capacity tends to be surplus, there are still a lot of news about propylene oxide. As of 2025, a total of 7.35 million tons of production capacity project planning, the editor will briefly list it for everyone:
Then the question is, why is it built As for these projects, the editor believes that the construction period of chemical plants is very long, especially some giant or joint production projects. It may take two or three years from project approval to stable large-scale production for mature technology, and three to five years for immature projects. If it is possible, then it is normal that economic downturn may occur during such a long construction period. Moreover, the cyclopropane project is basically buried under the background of a substantial increase in profits.
2020-2021 It can be described as the “highlight” moment of cyclopropane. In 2020, under the combined influence of public health incidents, shortage of masks, and limited overseas imports, the price of cyclopropane has risen sharply, and gross profit has increased by 115%. Around 2021, the average annual profit of cyclopropane will reach 5,777 yuan/ton, an increase of 63.7%.
As for why not shut down the project, First, the construction period is long, andLarge capital investment and high sunk cost, if you keep going, you will lose a price difference, and if you close down, you will lose everything; secondly, large factories have scale effect, large production capacity, and low production cost, which are advantages; The third is cash flow. As long as the cash flow continues, operations can be maintained, and since they are all large local companies, it is impossible to shut them down immediately, and the local government will sometimes rescue the market. As for employment, the industrial chain, and the impact of enhancing local competitive advantages, it is self-evident. As long as you can survive this period of time and survive the market reorganization, you will have stable profits and even acquire other companies. So those that are already under construction will continue to be built, and those that are already in production will continue to be produced. It is still planned on paper, and it is probably put on hold.
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