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From the perspective of global chemical output value, the global chemical market output value in 2018 totaled 3,348 billion U.
In recent years, state-owned enterprises represented by Sinopec, PetroChina, CNOOC and Sinochem have accelerated their deployment in the upstream petrochemical industry.
In the era of major refining and chemical industry in 2020-2021, polyolefin production capacity will expand rapidly, what will happen to the polypropylene market? During the "14th Five-Year Plan" period, the domestic polypropylene scale will exceed 40 million tons per year.
Comparison of the economics of different raw material devices
The high cost of CTO processing is due to the need to convert coal into methanol first, which consumes energy and water.
What about the polypropylene plant that is expected to be put into production in 2021?
1.
2.
3.
4.
One set of 350,000 tons/year polypropylene (ST III) plant of Gulei Petrochemical in Zhangzhou is expected to be put into operation around New Year's Day in 2021;
5.
PetroChina Liaoyang Petrochemical has a set of 300,000 tons/year polypropylene (Spherizone) plant, which is expected to be put into operation in the first half of 2021;
6.
One set of 200,000 tons/year polypropylene (ST III) plant of Tianjin Petrochemical Company is expected to be put into operation in the first half of 2021;
7.
Tianjin Bohai Chemical Industry Co.
, Ltd.
has a 300,000-ton/year polypropylene (Novolen) plant, which is expected to be put into operation in the fourth quarter of 2021;
8.
Jingbo Petrochemical has 1 set of 200,000 tons/year polypropylene (Spherizone) plant and 1 set of 400,000 tons/year polypropylene (Spheripol) plant, which are expected to be put into operation in the third quarter of 2021;
9.
Jinneng Technology's 2 sets of 450,000-ton/year polypropylene (Spheripol) plants are expected to be put into operation in the fourth quarter of 2021;
10.
Zhejiang Petrochemical (Phase II) 2 sets of 450,000 tons/year polypropylene (Spherizone) plants;
11.
Sino-Korea Petrochemical's one set of 300,000 tons/year polypropylene (ST III) plant is expected to be put into operation in the first half of 2021;
12.
Yinfeng Runfeng New Material's 300,000-ton/year polypropylene (SPG) plant is expected to be put into operation in the second quarter of 2021;
13.
Luqing Petrochemical's 300,000-ton/year polypropylene (SPG) plant is expected to be put into operation in 2021.
What about the polypropylene market price?
The main reference points are as follows:
1.
At present, the domestic epidemic is well controlled, but demand in Europe and the United States needs to be recovered.
In addition, the increase in the epidemic in the UK may curb some export demand.
It is expected that the economy will continue to be restored in 2021.
As the epidemic at the beginning of 2020 made the society press the pause button, the domestic economy and polypropylene demand were hit hard, and the polypropylene market price hit a record low.
Without the impact of the Black Swan incident in 2021, it is expected that the low point of the year and the average annual price of polypropylene may be higher than that of 2020.
2.
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