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Time：2months ago
Source：Sina Finance, Guanghua Trading, Coatings Network, Plasticizing Alliance, Chemical Easy World
1. parking maintenance has become the norm, to deal with the market supply and demand imbalance.
Recently, more than 50 chemical companies have announced that they will stop for maintenance, some of which will last more than 2 months, and even continue until 2025. As an important part of the chemical industry, parking maintenance is essential for equipment operation and maintenance, normal production and safe operation. Traditionally, most enterprises choose to carry out maintenance in the third quarter, but in recent years, in order to cope with the pressure of market supply and demand imbalance, parking maintenance has become a possible response measure throughout the year. Analysis of Production Stop of Various Chemicals in 2.
BDO: several sets of BDO units are being overhauled or changed, involving many enterprises such as Xinjiang Meike, Xinjiang Tianye, Xinjiang Lanshan Tunhe, Shaanxi Shahua, Shanxi Ronghe, Shaanxi Black Cat, Inner Mongolia Dongyuan, etc., with a total production capacity of about 2.1 million tons and an average operating rate of 44%. Epichlorohydrin: jiangsu Haixing, Zhejiang Zhenyang, Guangxi Jinze and other enterprises in the parking state, the industry as a whole operating rate of 5-6 percent. Epoxy: yangnong Jinhu, Dongying Hebang and other enterprises have a higher load, but there are still some enterprises such as Baling Petrochemical, Zhejiang Haobang Chemical and other low load, liquid resin overall operating rate of 7-8 percent, solid resin 5-6 percent. PC: pingmei Shenma, Jiaxing Emperor, Luxi Chemical and other enterprises have equipment parking maintenance, the domestic PC industry average weekly capacity utilization rate of about 79%. Bisphenol A: south Asia Plastics, Lihua Yiyuan and other enterprises have production line parking, the overall operating rate of 6-7 percent. PE, PP: qilu Petrochemical, Yanshan Petrochemical, Donghua Energy (Maoming), Fude (Changzhou) and other enterprises plant parking, involving a wide range of production capacity. Other chemicals: gaoshun butadiene rubber, PTA, MDI, TDI, dichloromethane, phenol ketone, acrylonitrile, baking soda, titanium dioxide, etc. have all been stopped for maintenance, involving a decline in production capacity and operating rate. Analysis of the reasons behind the 3. shutdown
raw material cost pressure: take titanium dioxide as an example, the high price of upstream titanium concentrate and sulfuric acid leads to a sharp rise in cost, which is the main factor for enterprises to stop production. Similarly, barium ore, calcium ore and other mine resources are also facing the problem of raw material shortage. Environmental protection and safety inspections have become stricter at the end of the year, environmental protection and safety inspections have become stricter, the production rhythm of mining companies has slowed down, the production of mineral products will gradually shrink, and social inventories will also decline. Downstream market cold: resin, PTA and other chemicals parking maintenance is mainly affected by the downstream market cold. PTA downstream textile and clothing market demand is weak, resin downstream electronics, 3C, wind power and other markets continue to be depressed, resulting in the price position of the industrial chain shock, manufacturers choose to stop maintenance to reduce cost risk.4. parking overhaul wave and market price linkage
whether it is the active maintenance at the end of the year, or the industry to follow the trend of parking, a variety of reasons brought about by the wave of maintenance has swept the chemical industry. This wave of maintenance provides an opportunity for the price increase letter that has not been implemented before. The market has a strong price sentiment, and there is likely to be a small increase in the next wave. Some raw materials have begun to rise slightly, providing a reference for the stock of chemical enterprises. Market price dynamics of various chemicals in 5.
Epichlorohydrin: at present, some epichlorohydrin plants in Shandong, Jiangsu, Fujian and other regions are parked, the overall in stock supply is tight, and the price is well supported. Recently, there has been a small increase, ranging from 200-300 yuan/ton. Acrylonitrile: acrylonitrile market in stock supply is slightly tight, the industry bullish sentiment is strong, the price is rising. However, with the expansion of price increases, downstream users' resistance to high-priced goods has gradually emerged, especially in the northern region, which will contain the market price trend. Vinyl Acetate: celanese announced an increase in the sales price of vinyl acetate in the Chinese market, with a maximum increase of 300 yuan/ton, reflecting the current tight market environment. nylon 6,6 polymer: invidia announced that starting from November 1, the transaction price of nylon 6,6 polymer in stock model PA66 U4800 NC01 SS will be increased to 18,800 yuan/ton, an increase of 200 yuan/ton from the quotation on September 26. Polystyrene, ABS and SAN grade resin products: the official price increases announced by Trinseo and its European subsidiaries, involving all polystyrene (PS), ABS and SAN grade resin products, show the pressure of tight supply and demand growth in the market. Vitamin A and D3: vitamin A manufacturer Xincheng announced a 30% increase in the price of domestic feed grade VA500. On November 5, VD3 manufacturer Garden Biology quoted a domestic price of 400 yuan/kg for feed grade vitamin D3 and an export price of US $50/kg, up 60%-80%, reflecting the impact of tight supply of raw materials and rising production costs. Strontium Carbonate: shenzhou Jiaxin Chemical, a leading filler company, issued a price adjustment letter, saying that due to the severe environmental protection situation and the increase in raw material costs, the price of strontium carbonate will be increased by 300 yuan/ton from November 11. Plastic Market: the market price of POM/HLMC90 in South China soared by 400 yuan/ton, while the ex-factory price of Nantong Xingchen/PBT/1100A enterprise in East China soared by 200 yuan/ton, showing the strong demand and tight supply in the plastic market. paraxylene and xylene: the closing price of p-xylene market in Asia and the United States rose by US $5/ton; the price of xylene in Shandong and East China increased by 20-30 yuan/ton and 10-20 yuan/ton, reflecting the tight supply of raw materials and the growth of downstream demand. n-Butyraldehyde: wanhua Chemical's quotation rose by 300 yuan/ton, showing the growing demand and tight supply of this chemical. Lithium carbonate: futures increased positions, the main contract LC2501 closed at 86500 yuan/ton, up 6.40 percent, up three consecutive trading days, up 13.22 percent, in stock battery-grade lithium carbonate rose 2500 yuan/ton in a single day, reflecting the strong demand and tight supply of lithium carbonate in the new energy market. In the face of market price fluctuations and supply constraints, chemical companies need to develop a reasonable response strategy. On the one hand, we can properly stock up to deal with the risk of rising prices; on the other hand, we also need to pay attention to market dynamics and seize the opportunity to sell in order to achieve the profit target of the enterprise. Source: Sina Finance, Guanghua Trading, Coatings Network, Plasticizing Alliance, Chemical Easy World* Disclaimer: the content contained in the Internet, WeChat public number and other public channels, we maintain a neutral attitude to the views in the article. This article is for reference only, exchange. The copyright of the reprinted manuscript belongs to the original author and organization. If there is infringement, please contact the customer service of Huayi World to delete it.
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