April 2, 2023, The 300,000-ton/year propylene oxide and the supporting 900,000-ton/year hydrogen peroxide combined plant invested and constructed by Jincheng Petrochemical Co., Ltd. successfully started trial production. In addition, In 2023, there are still four new expansion projects of 1.06 million tons of propylene oxide plants, including Zhejiang Petrochemical and Hongbaoli, which are expected to be implemented. The editor will give you an inventory:
- During the 2023 Spring Festival, Zhejiang Petrochemical No. The newly-built 200,000-ton PO/SM project compressor unit test run is in full swing, marking the start-up and feeding of the project “countdown”, It is expected to be put into operation in the middle of the year at the earliest. On April 3, the 60,000-ton PPG production line of the 380,000-ton/year polyether plant invested and constructed by the company has produced qualified products.
- CurrentHongbaoliTechnology Improvement project ( expand the capacity of the existing 100,000 tons/year propylene oxide complex to 160,000 tons/year) is pressing ahead, and the early stage was delayed due to regional energy index factors. The project construction is expected to be completed by the end of this year.
- 2022year10month28Jiangsu Jiahong New Material High-performance New Material Phase I and Phase I project were handed over on the day. The first phase of the project includes 1set40tonsPODevices and3Set4510,000-ton hydrogen peroxide device, It is expected to be completed by the end of the year at the earliest.
- The first phase project of Jiangsu Ruiheng New Material Technology Co., Ltd., a subsidiary of Sinochem International (Holdings) Co., Ltd. (Sinochem International), includes40 The 10,000-ton PO project is expected to be completed and put into operation in August at the earliest.
From 2018, epoxy Propane projects are blooming everywhere, and a batch of new and expanded production capacity has been implemented.
It is also new production capacity, 2021 In the middle of the year, the second phase of Hishell, Sinochem Quanzhou, and Fuqiang New Materials (later the cyclopropane plant was shut down due to a fire in the hydrogen peroxide plant, and it has not yet restarted ) were put into production one after another, and the price of cyclopropane exceeded 20,000 yuan/t mark. The main reason is that China’s domestic demand continues to improve, peripheral Saudi Arabia, new shell and other equipment are overhauled, and the US polyether cyclopropane plant is declared force majeure due to the cold wave, and the supply gap continues to expand. Chinese polyether companies seize the “wind” to promote China’s polyether exports The volume increased greatly.
In 2022, Zhenhai Phase II, Jiangsu Yida, Bohai Chemical, Qixiang Tengda and other new construction and expansion projects landed. Affected by a series of negative factors such as global inflation, repeated epidemics, and the war between Russia and Ukraine, domestic demand is weak, and the consumer confidence index continues to decline. The continuous release of new production capacity of cyclopropane exacerbates the imbalance between supply and demand. The price of cyclopropane fell from 12,250 yuan/ton at the beginning of the year to 7,900 yuan/ton, a drop of 35.5%.
Review the first quarter of 2023, ring The price of C has risen from 9,000 yuan/ton at the beginning of the year to 11,300 yuan/ton. As of April 3, it has gone around and returned to 9,400 yuan/ton (note: the price here is subject to the ex-factory of Shandong Sanxian), which is far lower Prices for the same period in 2021 and 2022.
Continuous expansion of production capacity, in addition to price On the other hand, the dependence on propylene oxide imports is also decreasing year by year. Imports have shrunk from 474,000 tons in 2019 to 300,000 tons in 2022, and are expected to shrink further in 2023.
Before, the editor was in “April Is the cyclopropane market bottoming out or continuing to fall? According to the analysis in the article, there is still room for cyclopropane to go down in April, and it is expected to fluctuate in the range of 9000-9500 yuan/ton, focusing on the dynamic changes of equipment and the recovery of downstream demand. The Ministry of Commerce stated that since the beginning of this year, it has focused on key areas such as automobiles and home furnishing, actively promoted the introduction of a number of policies and measures to promote consumption, accelerated the transformation of automobiles from purchase management to use management, promoted the consumption of new energy vehicles, smoothed the circulation of second-hand cars, and developed green intelligence. Household consumption further releases the potential of bulk consumption. So we will wait and see whether the result of the cyclopropane supply and demand game can hold the 9,000 mark.
微信扫一扫打赏
