[Industry Reports]：2022 polyurethane industry chain event

polyurethane material has excellent performance and wide application. Polyurethane has the elasticity of rubber, the strength of plastic and excellent processing performance, especially in heat insulation, sound insulation, wear resistance, oil resistance, elasticity and other aspects of other synthetic materials can not match the advantages, is the sixth largest plastic after polyethylene, polyvinyl chloride, polypropylene, polystyrene and ABS. Widely used in footwear, construction, automotive, paint, industrial and other industries. This article summarizes the 2022 polyurethane big event

1. The gloomy global economic outlook has constrained the recovery in oil consumption and put heavy selling pressure on prices. NYMEX crude oil prices near $73. The U.S. manufacturing sector contracted further in December, with the Institute for Supply Management's (ISM) manufacturing purchasing managers' index (PMI) falling for the second month in a row, from 49.0 in November. 4. ISM This is the lowest reading since May 2020. But at the same time, a survey by the U.S. Department of Labor showed that the number of job vacancies in the United States in November was larger than expected, and the previous positions were worth repairing. The market is worried that the Fed will use the continued tight labor market as an excuse to keep interest rates high for a long time.

2. Recently, the People's Bank of China. The China Banking and Insurance Regulatory Commission issued a notice deciding to establish a dynamic adjustment mechanism for the first set of housing loan interest rate policies. New commercial housing sales prices for three consecutive months and year-on-year decline in the city can be maintained in stages. Lower or cancel the lower limit of the local first home loan interest rate policy. The housing loan interest rate policy is linked to the trend of new home prices. Dynamic adjustment is conducive to support the city government scientific evaluation of local commercial housing sales price changes, "because of the city policy" to make full use of the policy toolbox, better support rigid housing demand, the formation of support for the real estate market stable and healthy operation of the long-term mechanism.

3. According to CINNOResearch monthly statistics, in November 2022, the Chinese mainland market smartphone sales of about 20.47 million units, a slight increase of 2 percent over October, continued to decline by 21.7 percent year-on-year. Since February this year, it has been negative year-on-year growth for the tenth consecutive month. A total of 0.237 billion units were sold in January-November, down 18.8 percent year-on-year. It is estimated that the domestic smartphone sales volume in 2022 will be only 5-0.26 billion units in 2022, which will be the worst annual sales performance within 2015.

4. After the new year, the relevant prices of polyurethane industry chain showed signs of stability, and the prices of most products rebounded from the end of last year. The main reason is that the Spring Festival is approaching, whether it is upstream manufacturers or downstream customers, the annual work tasks are basically over. This year, workers returned home early for more vacations, production and business activities contracted, downstream purchases were light, and market transaction volume shrank significantly. Therefore, the current price does not fully reflect the true situation of the market. It is expected that after the Spring Festival factory resumption, production and operation restart, the market price will be closer to the real fundamentals.

4. According to the results of the first review meeting of the Listing Committee of the Beijing Stock Exchange in 2023 on the morning of January 3, Shandong Inuowei Polyurethane Co., Ltd. (hereinafter referred to as "Yi Nuowei") meets the issuance conditions. The listing conditions and disclosure requirements mean that the successful meeting of the Norwich North Stock Exchange IPO will be officially launched in the near future.

6. Recently, Hongbaoli Group Taixing Chemical Co., Ltd. has an annual output of 160000 tons of propylene oxide (PO) technical transformation project, which was publicized by EIA. The construction goal of this project is to expand the production capacity of the existing 100000 tons/year propylene oxide combined plant to 160000 tons/year through technological transformation, and to enhance the automation of the plant. Digital. Intelligent level, optimize the key process, reduce energy consumption, reduce production costs, become the domestic cumene co-oxidation process for the production of propylene oxide demonstration projects.

7. Suzhou Xiangyuan New Materials Co., Ltd. (hereinafter referred to as Xiangyuan New Materials) intends to be listed on the Growth Enterprise Market of the Shenzhen Stock Exchange, raising a total of 0.28 billion yuan. The raised funds are planned to be used for an annual output of 7500 tons of 3,3 '-dichloro -4,4'-diaminodiphenylmethane. 2.000 tons of polyaspartic acid ester products and 36 tons of aniline tar. 10,541. Industrial salt expansion project 98 t. Polyurethane chain extender R & D center project. Enterprise information security system construction project. Headquarters operations center and marketing service network construction project.