Polyetheramine is in short supply and prices are rising!

On the evening of March 30, Akeri released its 2020 annual results announcement: annual operating income was 538 million yuan, a year-on-year increase of 6.

Polyetheramine is the main business of Akreli, accounting for more than 70% of its revenue (polyetheramine is a type of fatty amine, and the fatty amine mentioned in the announcement refers to polyetheramine).

Looking back at the entire 2020: In the first half of the year, due to the impact of the new crown epidemic, transportation was restricted, and the sales revenue of com" href="">Akeri dropped slightly year-on-year .

In 2020, the business segment of Aceli Polyetheramine achieved operating income of 392 million yuan, a year-on-year increase of 24.

According to the revenue and sales volume of Akerie's polyetheramine business in 2020, it can be calculated that the annual average sales price of polyetheramine is about 21,000 yuan/ton, which is an increase of more than 30% compared with the average price of 16,000 yuan/ton in 2019 .

Polyetheramine can be used as a high-performance curing agent to be widely used in high-end composite materials such as wind power blades, shale oil and marine oil and gas exploitation, epoxy floors, water-based electrophoretic paints and water-based epoxy coatings and other environmentally friendly coatings.

At present, the domestic supply of polyetheramine products is mainly provided by foreign companies such as Huntsman and BASF, and domestic companies such as Zibo Zhengda, Arkeli, Wanhua Chemical, and Yangzhou Chenhua .

Akeli said: The company is currently one of the very few domestic companies that can use continuous production processes to produce polyetheramine and other products.