From May 1st! Dozens of chemical plants stop production collectively! The price rise can't stop!
Recently, acetic anhydride is facing another wave of high price. Affected by the rising price of raw material acetic acid, the quotation of acetic anhydride was 10300 yuan / ton, breaking the 10000 yuan mark, 10.16% higher than that at the beginning of the month. Some manufacturers quoted as much as 11000 yuan / ton, a record high.
According to the coating procurement network, since entering the second quarter, many chemical enterprises have arranged parking maintenance, involving ethylene glycol, phenol ketone, methanol, butadiene, styrene and other chemical raw materials. The shutdown of some or all of the plants directly affects the output and supply, making the chemical market which is already in short supply even worse, and boosting the price of many chemical products to rise.
Dozens of enterprises such as lihuayi, Yanshan Petrochemical and LG Chemical plan to shut down for maintenance in May
The 200000 t / a ethylene glycol plant of Lihua Yilijin refining and Chemical Co., Ltd. is scheduled to be shut down for maintenance on May 1, lasting for one month.
The 1 × 360000 T / a MEG plant in South Asia of Taiwan will be shut down for about 15 days at the end of may as planned. Taiwan's 2 × 360000 T / a MEG plant will be shut down for about 30 days at the end of may as planned.
Yanshan Petrochemical's 300000 t / a phenol ketone unit was shut down for maintenance on March 26 and is expected to start in mid May.
The 250000 T / a phenol ketone unit of Gaoqiao Petrochemical Company is scheduled to be overhauled from May 6 to May 29.
The phenol ketone unit of Jilin Petrochemical Company is scheduled to be shut down for maintenance in May, with an expected 45 days.
Taiyo Petrochemical has 300000 tons / year pure benzene, 700000 tons / year xylene and 432000 tons / year toluene. It is estimated that it will be shut down for maintenance on May 21 and the maintenance is planned for 30 days.
The 180 kt / a old HDPE unit of Yanshan Petrochemical Company has been overhauled since the end of March and is expected to stop for overhaul until May 14; the 200 kt / a new HDPE unit has been overhauled since the end of March and is expected to stop for overhaul until May 14; the 180 kt / a HDPE unit has been overhauled since the end of March and is expected to stop for overhaul until May 14.
The shutdown time of butadiene and downstream rubber plant in Fushun Petrochemical Company is determined to be around April 12, and it is preliminarily estimated to be about 40 days.
The 2.2 million T / a methanol plant supported by Ningxia Baofeng CTO is scheduled to be overhauled for about 15 days in early May.
CNOOC's 800000 T / a methanol plant is expected to be shut down for maintenance in May.
Jilin Petrochemical's ABS unit is planned to be shut down for maintenance from the end of May to the beginning of July.
Zhejiang ChuanHua 100000 t / a cis-1,4-polybutadiene rubber plant is planned to be shut down for maintenance in May.
Yanshan Petrochemical's 120000 T / a cis-1,4-polybutadiene rubber plant is planned to be shut down for maintenance from April to May.
Fushun Petrochemical's 200000 t / a SBR plant is planned to be shut down for maintenance from April to May.
Jilin Petrochemical styrene plant is scheduled to be overhauled from May to June.
Fushun Petrochemical's 60000t / a styrene plant is planned to be shut down for maintenance for one and a half months from May.
Tianjin Dagu 500000 T / a styrene plant is planned to be shut down for about 20 days in May.
Shandong Yuhuang 2 styrene plant is planned to be shut down for about 40 days from May to June.
COSCO's 500000 T / a PC plant is scheduled to be shut down for maintenance from April to May.
Shanghai Mitsubishi's 100000 t / a PC plant is scheduled to be shut down for maintenance in May.
Sinopec Mitsubishi's 100000 t / a PC plant is scheduled to be shut down for maintenance from early April to mid May.
Sinopec Mitsubishi 180 kt / a bisphenol a plant is scheduled to be overhauled for 45 days from early April to mid May.
LG Chemical's 450000 T / a bisphenol a plant is scheduled to be overhauled for 15 days in May.
Jinhu 450000t / a bisphenol A is planned to overhaul two lines in May (line 2 is planned to stop for 20 days from May to June).
The 470000t / a MDI unit in Huntsman, Europe, located in rozhenburg, the Netherlands, delayed its restart until May, and the unit began maintenance in March.
BASF's 300000 t / a TDI plant in Ludwigshafen, Germany, is scheduled to enter the maintenance period from March to April. It is reported that the maintenance period is about 2-3 months, and the maintenance scale is relatively large. At present, the plant maintains low load operation.
The 350 kt / a PP plant in India is planned to be shut down for maintenance from mid May to mid June.
The 440000t / a PP plant of mrpl series products in India is planned to be shut down for maintenance from the first ten days of May to the end of May.
According to incomplete statistics of coating procurement network, a variety of chemical plants of dozens of chemical enterprises, such as LG Chemical, Yanshan Petrochemical, CNOOC, Fushun Petrochemical, Sinopec Mitsubishi, etc., were scheduled to be shut down for maintenance or in maintenance period in May. Industry insiders said that from the perspective of historical data, the second quarter is the traditional maintenance peak season, and may is the month with the highest maintenance intensity. In addition, due to the shortage of raw materials, some downstream enterprises also choose to reduce the load and shut down due to the shortage of raw materials. Market inventory further less, raw materials in a hurry.
BASF and Como announced price increases in May, and a variety of chemical raw materials are still expected to rise
Recently, BASF, a chemical giant, announced that its kaolin business is increasing the price of its entire product portfolio by 10%. The price change is valid for all materials on or after May 1, 2021 or permitted by the contract. Previously, Komo, a titanium dioxide giant, announced in early April that titanium dioxide would increase by US $200 / T (about RMB 1313 / T) from May 1. In addition, pigments, resins, TGIC and other chemical products are expected to rise, and may continue to rise.
Titanium dioxide: titanium dioxide products have been increased by 4200 yuan / ton during the year. At present, orders are queuing up to June. CNNC titanium white, the leading titanium dioxide manufacturer, said that due to the reduction of output of major titanium dioxide manufacturers abroad, the company's overall sales of titanium dioxide in foreign markets increased. This led to the domestic market supply of titanium dioxide smaller, in short supply, resulting in rising prices. In addition, the price of titanium dioxide may rise further. At present, the titanium dioxide market has not ended the upward trend.
Pigment products: at present, it has been queuing up. Since the beginning of the year, phthalocyanine blue pigment has increased by 8000 yuan / ton, phthalocyanine green pigment has increased by 6000 yuan / ton, iron oxide pigment has increased by 200-2000 yuan / ton, and aluminum pigment has increased by 3200 yuan / ton. At present, the orders in the first half of the year have been full, and most enterprises have made a single proposal. It is reported that there are still adjustment arrangements in May.
TGIC: TGIC's current quotation is 58000 yuan / ton, and the quotation of some enterprises breaks through 60000 yuan / ton, setting a new record. The price rises by 7.14% in the year and 25% compared with last year's low value. At present, many enterprises say that they are out of stock and deliver goods according to the contract date. They accept orders in May. In the later stage, the price will be discussed according to the quantity of downstream customers. After May, there are still bullish expectations.
Epoxy resin: the quoted price of liquid epoxy resin is 40000 yuan / ton to 41000 yuan / ton, with a cumulative increase of 86% since 2021. The quoted price of solid epoxy resin is 36000 yuan / ton, a record high. Some enterprises have closed the offer and do not offer. At present, they have no goods and need to queue up for about a month. They have to pay in full before they can arrange production and delivery. Overseas demand is strong, and the domestic offshore wind power industry also seizes the last year of subsidies to launch crazy projects. The supply of epoxy resin is in short supply, and it is expected that there will be an increase arrangement in May.
With the gradual recovery of the global economy, strong demand has led to unprecedented cost pressure in the fields of manufacturing, labor and logistics, which is expected to be difficult to reverse after may in the second quarter. At the same time, the "shortage wave" from the source is gradually transmitting. Under the serious imbalance of supply and demand, the seller's market trend is prominent, and there are many speculation factors, which enhance people's anxiety. The situation of queuing up to buy is becoming more and more intense, and finally forms a closed-loop effect of "price increase - shortage - price increase again".
(source: Coatings purchasing website)
