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Can conceptual hype cool down PP be able to stay safe?

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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Undoubtedly and irrefutably, polypropylene (hereinafter referred to as PP) is definitely the beneficiary of the wave of conceptual hype in the first half of the ye.

Looking forward to the market outlook, when the heat of conceptual hype recedes one by one, the valve that buffers the contradiction between PP supply and demand will also be completely open.

The biggest test for PP in the second half comes from supp.

Company Name

raw material

Capacity (10,000 yuan/ton)

Commencement/planning time

Polaris Petrochemical

Oil

August 2020

Ningbo Fuji Phase II

propane

September 2020

Sino-Science Joint Venture Guangdong Refining & Chemical .

As shown in TableAffected by the epidemic, in 2020, which is a great year for capacity expansion, in the first half of the year, there were only Zhejiang Petrochemical Phase I (900,000 tons/year), Dalian Hengli Phase II (400,000 tons/year) and Lihe Zhixin New Materials (30 tons/yea.

Company Name	Capacity (10,000 yuan/ton)	Commencement/planning time
Russia sibur-Zapsi	50	Trial operation in April 2020, production debugging
Vietnam Hyosung	60	July 2020
Oman Petrochemical	30	July 2020
Malaysian horse oil	90	Postponed until September 2020
JG Summit (Philippines)	15	Originally March 2020, postponed to the fourth quarter
braskem USA	45	Originally in September 2020, expected to be postponed to October
FPC USA	25	December 2020
total	315

Company name Capacity (10,000 yuan/ton) put into production/planned time Russia sibur-Zapsi50 Trial operation in April 2020, production and commissioning Vietnam Hyosung60 July 2020 Oman Petrochemical 30 July 2020 Malaysia Horse Oil 90 postponed to September 2020 JG Summit ( Philippines) 15 Original March 2020, postponed to the fourth quarter braskem USA45 Original September 2020, expected to be postponed to October FPC USA25 December 2020 Total 315 Enterprise Name Capacity (10,000 yuan / ton) Production / Planned Time Enterprise Name Capacity (10,000 yuan/ton) Put into production/planned time Russia sibur-Zapsi50 will be in trial operation in April 2020, Russia’s sibur-Zapsi50 will be in trial operation in April 2020, and Vietnam’s Hyosung60 will be in production and commissioning in July 202 Vietnam’s Hyosung60 will be in July 202 Oman Petrochemical 30,2020 July Oman Petrochemical 30 July 2020 Malaysia Petrochemicals 90 postponed to September 2020 Malaysia Petrochemicals 90 postponed to September 2020 JG Summit (Philippines) 15 Originally March 2020, postponed to the fourth quarter JG Summit (Philippines) 15 Original March 2020, postponed to Q4 braskem USA45 Original September 2020, expected to be postponed to October braskem USA45 Original September 2020, expected to be postponed to October FPC USA25 December 2020 FPC USA25 December 2020 Total 315 Total 315

Table 2: List of foreign planned production units in the second half of 2020

As shown in Table 2, how the domestic capacity expansion is in full swing, there is no sign of slack in foreign countri.

Company Name	Capacity (10,000 yuan/ton)	parking time	Estimated drive time
Zhongtian Hechuang	Ring tube 35	June 3	July 16
Qinghai Salt Lake	16	June 19	pending
Extend Yu Neng Hua	Double line 60	June 20	Estimated maintenance 45 days
Shenhua Ningxia Coal	One company line 20	June 22	pending
Fujian United	old device 12	June 30	Estimated maintenance 30 days
Ningxia Petrochemical	10	July 1	Estimated maintenance 45 days
China Coal Yulin	30	July 2	Estimated maintenance 30 days
Ningxia Baofeng	Phase one 30	July 2	Estimated maintenance 30 days
Dongguan Juzhengyuan	1 line 30/2 line 30	July 10	Schedule July 23rd
Xuzhou Haitian Petrochemical	20	July 20	Estimated maintenance 15 days
Datang Duolun	1 line 23	July 28	Estimated maintenance 25 days
Datang Duolun	2 lines 23	July 28	Estimated maintenance 25 days
Zhongyuan Petrochemical	1 line 6	August 1	Schedule October 9th
Zhongyuan Petrochemical	2 lines 10	August 1	Schedule September 19
Sino-Korea Petrochemical	Double line 40	October 17	December 23, 2020
Yuntianhua	15	mid-October	mid-November

Company name Capacity (10,000 yuan/ton) Parking time Estimated driving time Ningxia Coal .

In the first half of the year, due to the severe impact of the new crown pneumonia on production, many manufacturers were forced to advance the maintenance pl.

Of course, in the second half of the year, the PP market is not at all predictable, and there is no such thing as a rebound in dema.

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