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With the rise of refining and chemical integrated enterprises, propylene production capacity will enter a new round of expansion cycle
.
Propylene's new production capacity hits record high in 2019
Propylene's new production capacity hits record high in 2019From the perspective of production capacity supply, the propylene industry experienced a peak in capacity expansion from 2014 to 2016 and a short period of decline in 2017, and ushered in a new record high in new production capacity in 2019
.
In the downstream consumption structure of propylene, polypropylene accounts for the largest proportion, followed by propylene oxide and acrylonitrile
.
10 million tons of polypropylene production capacity will be put into operation in the next three years
10 million tons of polypropylene production capacity will be put into operation in the next three yearsAccording to the currently announced production plan, from 2019 to 2022, there will be a total of 31 polypropylene capacity expansion projects with a relatively clear market, involving a total production capacity of 13.
05 million tons per year
.
With the accelerated capacity expansion of domestic petrochemical projects in 2020, in the next three years (2020-2022), about 10 million tons/year of production capacity will be put on the market one after another
.
Propylene Oxide Profits Attract Large Investors
Propylene Oxide Profits Attract Large InvestorsAt present, China is the largest PO producing country in the world
.
In 2019, the expansion rate of the PO industry slowed down, with an additional capacity of 120,000 tons and a slight change in output
.
Acrylonitrile market has oversupply worries
Acrylonitrile market has oversupply worriesIn 2019, with the 260,000-ton/year acrylonitrile plant of the second phase of Sierbang Petrochemical and the 260,000-ton/year acrylonitrile plant of the first phase of Zhejiang Petrochemical put into operation, China's acrylonitrile production capacity will increase to about 2.
55 million tons/year
.
From 2020 to 2024, there will also be CNOOC Dongfang Petrochemical 260,000 tons/year, Sinochem Quanzhou 200,000 tons/year and other units planned to be put into operation.
It is expected that the new domestic acrylonitrile production capacity will reach more than 2.
15 million tons/year in the next five years.
, there is excess risk in the market
.
ABS high-margin period ends
ABS high-margin period endsIn 2019, China's ABS market ended the period of high profits from 2017 to 2018
.
With the unveiling of China's seven world-class petrochemical industry base plans, the integration projects will be put into operation in the next five years
.
It is estimated that by 2025, the domestic ABS resin production capacity will reach 8.
565 million tons/year
.
The downstream demand of ABS resin is mainly concentrated in the home appliance and automobile industries.
These end-consumption fields are affected by the economic downturn, and the demand has begun to slow down.
However, the capacity expansion of ABS resin will be relatively fast in the next few years, so ABS resin will soon face excess capacity.
problem
.
