On November 9, the first batch of secondary polypropylene products of Jincheng Petrochemical's 300000-ton/year narrow distribution ultra-high molecular weight polypropylene plant went off the production line. The product quality was qualified and the equipment operated stably, marking the successful trial production and start-up of the plant.
The device adopts advanced process technology, can flexibly adjust the production plan according to the catalyst used, and produce hundreds of brands of polypropylene products with high purity to meet the needs of customized products.
The high-end polypropylene products produced by the device use metallocene catalyst independently developed by Jincheng Petrochemical High-end Synthetic Materials Research Institute, which can produce high-end polypropylene products such as narrow distribution ultra-high molecular weight polypropylene, ultra-fine denier polypropylene fiber material, hydrogen modulation melt blowing material, etc. Using Ziegler-Natta system polypropylene catalyst, polypropylene wire drawing material, polypropylene fiber material, transparent polypropylene and thin-wall injection molding polypropylene special material are produced.
In recent years, Jincheng Petrochemical has focused on the development of high-end polyolefin new materials. The 300000-ton/year narrow distribution ultra-high molecular weight polypropylene device is an important part of it. The successful start-up of the device is of great significance to the development of Jincheng Petrochemical's high-end polyolefin new materials industry chain. At present, Jincheng Petrochemical is still building 50000 tons/year 1-octene and 700000 tons/year high-end polyolefin new material projects. The construction of the project has been completed and preparations are under way before trial production and start-up. Among them, 50000 tons/year 1-octene belongs to the first set in China, using advanced technology of high-carbon α-olefin, and the products are high-carbon α-olefin 1-hexene, 1-octene and decene.
300000 tons/year narrow distribution ultra-high molecular weight polypropylene plant
polypropylene Market Analysis
fluctuation Characteristics of Domestic Polypropylene Market in 1.2024-2010
during the period from 2020 to 2024, the domestic polypropylene market as a whole showed a trend of falling after the shock. The highest price in the past five years appeared in the third quarter of 2021, with the price reaching 10300 yuan/ton. Specific to 2024, the polypropylene wire drawing market experienced a rebound after the fall, and showed a weak shock trend. Take wire drawing in the East China market as an example. The highest price in 2024 appeared at the end of May, with a price of 7970 yuan/ton, while the lowest price appeared in mid-to-early February, with the price falling to 7360 yuan/ton. This trend is mainly influenced by multiple factors. In January-February, due to the lack of domestic maintenance equipment, superimposed on the low willingness of pre-holiday merchants to fill positions, the market price upward weakness. Especially in February, affected by the Spring Festival holiday, upstream inventory was under pressure, and downstream and terminal demand recovered slowly, resulting in a lack of effective cooperation in transactions, and prices fell to the lowest point of the year at 7360 yuan/ton.
Quarterly Market Performance and Future Outlook, 2.2024
entering the second quarter of 2024, with the serial introduction of favorable macro policies, the market capital activity increased significantly, pushing PP futures higher. At the same time, lower-than-expected supply pressures and strong costs also pushed the market up. Especially in May, the market drawing price rose significantly, reaching the highest price of 7970 yuan/ton in the year. However, entering the third quarter, the polypropylene market has fallen endlessly. From July to August, the continuous downward trend of PP futures had an obvious suppressing effect on the in stock market mentality. The pessimism of merchants deepened and the prices in the market continued to move down. Although September is the traditional peak season, dragged down by negative factors such as falling oil prices and difficulty in improving supply and demand fundamentals, the peak season started relatively lonely, and downstream demand was less than expected. There were many negative factors in the domestic PP market and the price center of gravity continued to decline. In October, although the macro good news heated up after the holiday, the in stock offer was once high, but then the cost side support weakened, the market speculation atmosphere cooled down, and there was no obvious bright spot in downstream demand, and the market turnover was not good. As of the end of October, the mainstream price of domestic wire drawing hovered between 7380-7650 yuan/ton.
In November, the domestic polypropylene market is still facing greater supply pressure. According to the latest data show that in November domestic polypropylene new capacity continued to release, the market supply further increased. At the same time, the recovery of downstream demand is still slow, especially in the automotive, home appliances and other end industries, the demand for polypropylene has not been significantly boosted. In addition, the volatility of the international crude oil market has also had an impact on the domestic polypropylene market, and the uncertainty of oil prices has increased the volatility of the market. Under the interweaving of multiple factors, the domestic polypropylene market showed a trend of shock and consolidation in November, with relatively small price fluctuations, and market participants mostly held a wait-and-see attitude.
By the fourth quarter of 2024, the new domestic PP production capacity is expected to reach 2.75 million tons, mainly concentrated in North China, when the supply pattern in North China will change significantly. By 2025, the domestic PP production will not be reduced, the competition in the polypropylene market will be more intense, and the contradiction between supply and demand will be further expanded.
Source: Super Petrochemical, Jinlianchuang, Huayi World.
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