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Since the fourth quarter of last year, the domestic 1,4-butanediol (BDO) market has shown a continuous upward trend, especially after the Spring Festival this year.
Under the stimulus of tight supply and strong downstream demand, the BDO price jumped to 31,000.
The historical high of RMB/ton
.
Looking at the entire chemical industry, the speed and magnitude of the increase in BDO are unparalleled
From the perspective of supply, the total domestic BDO production capacity has continued to grow in recent years
.
According to chemical online statistics, the total domestic BDO production capacity in 2020 is about 3.
With the continuous expansion of production capacity, the BDO industry layout will also be more reasonable
.
In areas with rich natural gas, choose the raw material route of natural gas to acetylene; in areas where n-butane is cheap, choose the butane/maleic anhydride method raw material route; in areas with abundant bio-based raw materials, use bio-based raw materials such as sugar for production BDO
From the perspective of downstream demand, PTEMG-spandex is the main downstream industry chain of BDO
.
At this stage, many well-known spandex companies at home and abroad are stepping up the implementation of expansion plans
The PBT industry is another major downstream application field of BDO
.
PBT is a thermoplastic saturated polyester, which is mainly used in the fields of PBT modification, PBT wire drawing, film drawing, and fiber optic sheath.
In addition, since the National Development and Reform Commission and the Ministry of Ecology and Environment issued the "Opinions on Further Strengthening the Treatment of Plastic Pollution" on January 19, 2020, various localities have issued corresponding "plastic limit orders
.
" Affected by this, degradable plastics will become "hot" in 2020, and the PBAT industry has thus become the biggest dark horse
In summary, the domestic BDO market prospects are generally optimistic, and the polyurethane upstream and downstream industrial chain will continue to maintain a healthy and stable growth trend
.
In the next few years, the BDO industry will accelerate the adjustment of the industrial structure, eliminate outdated production capacity, and increase export efforts, so that the BDO products produced in China will be recognized by the international community and gain greater market competitive advantages
