Longpu releases white paper on polyolefin industry

Recently, Longpu Consulting released the "White Paper on China's Polyolefin Industry (2019 Edition)" (referred to as "White Paper").
Starting from ethylene, polyethylene, and polypropylene, it systematically introduced the product consumption structure, import situation, and import status of China's polyolefin industry in 2018.
Information about production capacity distribution, production technology application, device scale, and key new product development.
The "White Paper" stated that in 2018, the apparent domestic consumption of polyolefins was 56.
96 million tons, accounting for about 34% of the total global consumption; the output of polyethylene and polypropylene reached 16.
25 million tons and 22.
48 million tons, respectively, and their external dependence was 45%.
And 16%.
As of the end of 2018, 87 sets of polyethylene plants were built in China, with a total annual production capacity of 18.
59 million tons, with an average operating rate of about 88%.
Last year, the polyethylene market showed a "M" trend; 131 sets of polypropylene plants were built in China, with a total annual production capacity of 26.
34 million tons.
, The average operating rate is about 86%, and the market showed a volatile upward trend last year.
The "White Paper" believes that the current olefin production raw materials are diversified, including crude oil/naphtha-to-olefins, coal-to-olefins, methanol-to-olefins, propane dehydrogenation to propylene, and ethane cracking to ethylene, etc.
, which will bring about the development of the polyolefin industry.
Opportunity.
With the continuous advancement of polyolefin production technology, new catalysts, modification technologies and product processing technologies, new products emerge in an endless stream, meeting new requirements in applications such as automobiles, home appliances, medical care, construction, and packaging.
In 2018, 23 new types of polyethylene and 43 types of polypropylene were newly launched in China, including Maoming Petrochemical's instant noodle box outer coating material, Yanshan Petrochemical's "stone paper" special basic resin, and Yangzi Petrochemical's ultra-high molecular weight polyethylene Special materials, polypropylene automotive materials made by Yanchang China Coal, thin-wall injection molding materials, transparent materials, etc.
According to statistics from Longpu Consulting, in 2019, 7 domestic polyethylene plants are planned to be put into operation, with an annual production capacity of 2.
45 million tons.
It is estimated that the new production capacity will be 10.
7 million tons in the next five years; there are 14 polypropylene plants planned to be put into operation, with an annual production capacity of 4.
62 million tons.
The total new production capacity in 5 years exceeded 15 million tons.
The "White Paper" reminds that as of the end of 2018, the industry has announced plans and a total of 45 propane dehydrogenation to propylene projects under construction, with a designed production capacity of 26.
05 million tons, and a single set of up to 900,000 tons.
Considering the source of propane, the possibility of some projects being stranded is not ruled out.