[Industry Focus]：PE capacity increases, 2 million tons will be put into production soon! MDI prices vary greatly, with domestic downward adjustment and foreign giants increasing

Nearly 2 million tons of PE production capacity will soon be put into production!

S-Zorb is a process technology developed by Conoco Phillips to generate sulfur-free gasoline, which is mainly used to catalyze gasoline desulfurization. In April 2001, the industrial demonstration unit of the Borger refinery started. In 2007, Sinopec acquired S-Zorb process technology as a whole and had full ownership of the patented technology.

Located in Huangpu, Guangzhou, Sinopec Group Guangzhou Petrochemical Complex is a modern super-large petrochemical complex in South China. It is mainly engaged in processing crude oil and producing PP, PE, PS, ABS, PVC and other plastic products.

In addition, China's polyethylene production will reach 2.2 million tons in November, up 1.1% from October, mainly from Zhejiang Petrochemical and Shandong Shouguang Luqing Petrochemical's total 1.1 million/year new production capacity. Recent sources from South Korea, North America and the Middle East are expected to increase.

According to reports, LG Chemical (LG Chemical) on November 23 restarted its naphtha cracking unit in Dashan, South Korea. The unit was put into repair in late September due to a failure of the cooling tower, and the operating rate is expected to increase to 100% on November 25. The cracking unit has a capacity of ethylene 1.2 million tons/year and propylene 600,000 tons/year.

on the other side of the, South Korea's Hyundai Chemical (Hyundai Chemical, a joint venture between Lotte Chemical and Hyundai Petroleum Bank) also started selling polypropylene and polyethylene goods from South Korea's new Dashan factory in mid-November, with PP priced at US $1160/ton CFR (about 7414 yuan/ton), which is relatively competitive and is reported to have sold thousands of tons on the first day. the plant is equipped with a cracking unit with an annual output of 850,000 tons of ethylene. The downstream unit includes two PE production lines totaling 800,000 tons/year and one PP production line totaling 500,000 tons/year.

From November to December, North America and the Middle East planned to lose only 68,000 tons of production capacity, down 31% from the same period last year.

the market is changing, the giants are up and down! Wanhua Chemical issued a "price reduction letter", but a number of foreign giants have announced a rise.

Wanhua Chemical: MDI Price Reduction, 1500 Yuan Reduction!

On the evening of November 26, Wanhua Chemical announced that since December 2021, the company's China polymer MDI market listing price of 21500 yuan/ton, lower than the November price of 1500 yuan/ton;

Zhan Xin Resin: Second Price Adjustment, Up 7200 yuan!

After last week's new resin Allnex announced a large-scale increase in the prices of polyurethane resin, epoxy resin, polyol, polyester resin and other 21 kinds of resin products, only a week later, the company issued two more price increases notice, this time raised the prices of phenolic resin and amino resin, up to an astonishing 7200 yuan!

On November 23, Zhanxin Resin announced that it would raise the prices of all its models of phenolic resin worldwide from now on. The specific increases are as follows:

PHENODUR®Increase by 0.15 Euro/kg (about 1073 yuan/ton)

ALNOVOL®Increase by 0.30 Euro/kg (about 2146 yuan/ton)

ALPEX®Increase by 1.00 Euro/kg (about 7163 yuan/ton)

Each regional increase according to the local market for corresponding changes, there will be some error.

on the same day, Zhanxin resin also announced in EMEA region to increase its amino resin price, depending on the grade and product type, the increase can reach up to 0.23 euro/kg (about 1643 yuan/ton).

Oriental Spinning: Up 5%-7%

On 26 11, Japan's top manufacturer of fibers and textiles, Toyo Textile, issued another price increase notice stating that Zylon (Chai Long) would be raised from 1 January 2022.®The selling price of PBO products increased by 5%-7%.

Eastman: Top High Super 1900

Recently, Eastman, a major North American PVB manufacturer, announced that it would raise the prices of Saflex and VancevaPVB intermediate film products and XIRPVB sheets worldwide from January 1, 2022, with Asia and America increasing US $0.30 (about 1916 yuan) per 30 square meters and Europe, Middle East and Africa increasing 0.26 euros (about 1863 yuan).

Source: Special Plastic Market

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