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From South Korea LG Chem’s Yeosu factory to Zhenjiang Chimei, the shutdown of every major factory for maintenance means that the price of a certain chemical raw material will “skyrocket” again!
PC has been on the rise since mid-October.
In November, the market of PC and upstream raw materials continued to show a sharp rise.
The factors of the rise of various products were deeply intertwined, and the market prices of the industry chain rose together
.
According to industry news, the increase in the quotations of PC manufacturers on the 16th has soared to the range of 1700-4000 yuan / ton
.
Dafeng Chemical increased by 1700 yuan / ton, or 8.
8%
China Blue National Plastics increased by 2,500 yuan / ton, or 13.
0%
Lihua Yiweiyuan increased by 2800 yuan / ton, an increase of 15.
4%;
The price of Wanhua Chemical's plastic PC products has been adjusted twice within an hour, increasing by 4,000 yuan / ton to 24,500 yuan / ton, an increase of nearly 20%
.
As we all know, bisphenol A and DMC, the main raw materials of various PC processes, and the upstream bisphenol A and DMC markets continue to rise, supporting the high price of PC
.
If it is said that due to the impact of the public health incident in 2020, there have been too many mismatches in the supply and demand side of the PC industry chain from top to bottom, resulting in an unusual market during the year, then the star product bisphenol A, from its fundamental point of view, is in tight supply.
The balance situation is indeed constant throughout
.
It can be seen from the above figure that although the domestic production capacity of bisphenol A will further increase in 2020, its two major downstream PCs and epoxy resins also showed a trend of increasing production capacity during the year.
The demand for phenol A is around 20,000 tons
.
This is equivalent to the monthly output of a set of 230,000 tons of bisphenol A plant, while only 50,000 tons of domestic bisphenol A production capacity has been put into normal operation during the year.
In addition, 2020 is the year of global plant maintenance, and LG unexpectedly shut down in early November.
Increase the recent market supply tensions
.
The impact of the epidemic on the chemical industry in 2020 can be described as huge.
Under the heavy pressure, chemical companies will either fall down or dormant silently, waiting for the opportunity to turn over
.
In the second half of the year, the epidemic situation has improved.
The pull of downstream construction projects, home improvement, wind power industry, old and new infrastructure, etc.
has made the chemical industry see the "dawn", and they are gearing up to plan for price increases
.
In addition, major chemical provinces such as Jiangsu and Zhejiang have continued to shut down or rectify chemical enterprises in recent years.
At the end of the year, large factories have been shut down for maintenance and accidents have occurred frequently, which together caused the actual operating rate of some industries to be less than 50%, and the market supply was seriously insufficient.
Supply and demand balance
.
Under the action of multiple factors, it is expected that the price of chemical raw materials will continue to rise in the future, and then it will be transmitted to downstream chemicals, and even more crazy situations will appear
.
