The future trend of polypropylene: diversification, led by private enterprises, and taking the raw material route of "coal reduction, oil reduction, stable gas increase"

According to the trend of the polypropylene industry in recent years, Longzhong information agency believes that the development characteristics of the policy industry show industry diversification, competition entities are becoming more and more dispersed, and the trend of integration is obvious.

Analysis on the Development Characteristics of Polypropylene Industry

Diversification

The diversified development characteristics of the polypropylene industry determine the diversification of the route selection of the production plant in the future.

Decentralized

From an oligopoly gradually to full competition among multiple companies, the current supply pattern has gradually changed to a situation in which Sinopec, PetroChina, coal chemical, light hydrocarbon companies and private refining and chemical companies are all competing for the world

integration

Finally, look at the integration of industrial layout.

Raw material selection for new production enterprises in the future

Total capacity increased, but at a slower pace

Under the background of carbon neutrality, the slowdown of the capacity expansion of petrochemical enterprises is inevitable, and the expected changes in new capacity in the future will vary greatly.

Survival of coal-to-olefins is increasingly difficult

Judging from the selection of raw materials for the past units, steam cracking was profitable under low oil prices from 2015 to 2017, and the investment attitude of the industry was reversed, especially the enthusiasm for investment in private large-scale refining and chemical industry; light hydrocarbons, especially ethane cracking, became a hot spot of concern, and coal-to-olefins The investment attitude is cautious, although the driving force of development is still due to the overcapacity of coal and the pressure of industrial transformation

"Coal reduces oil and stabilizes gas increase" is the trend

From the perspective of the invested enterprises, private enterprises have become the frontrunners.

The development of coal chemical industry is not only a full use of abundant coal resources, but also a flexible move to reduce the dependence on foreign oil.

The concept of oil stability, driven by the growth in demand for transportation and chemicals, will make it difficult to shake the position of oil in the global primary energy structure in the short term

The natural gas market is vast and growing strongly, and its position in the global energy industry is constantly improving