B2B Internet for Chemical products

Recently, there have been large-scale overhauls of acetic acid, acetone, bisphenol A, methanol, hydrogen peroxide and urea, covering nearly 100 chemical companies with a capacity of over 15 million tons, with the parking market ranging from one week to 50 days, and some companies have yet to announce the resumption time.

Acetic acid: acetic acid market, some factory installations parking maintenance, the field supply has been reduced.

Acetone: Blue Star Harbin Petrochemical 150,000 tons / year phenol ketone device current device in early August parking maintenance, parking maintenance is expected to be about 50 days, details follow up in the suspension of sales during parking.

Bisphenol A: Yanhua polycarbonate 150,000 tons / year bisphenol A plant stop for maintenance, is expected to be about a month.
Sinopec Sanjing 120,000 tons / year of bisphenol A plant stop for maintenance, is expected to be about a month.

PE: In August, the domestic production of polyethylene pipe materials involved in the installation of a new northeastern enterprises, Lanhua Yulin plant parking maintenance, involving maintenance of annual capacity of 800,000 tons. Stopped the device involves 16 sets of polyethylene devices, such as Shanghai Petrochemical, Maoming Petrochemical, Yulin Chemical, Daqing Petrochemical and so on.

PVC: this month Salt Lake magnesium, Henan Shenma, Hengyang Jiantao, Xinjiang Zhongtai, Ningbo Formosa is overhauling or will soon begin to overhaul, involving capacity of more than 4 million tons.

BDO: Henan Kaixiang August 10 overhaul for one month, Sichuan Tianhua August 15 parking maintenance, Shaanxihua August 20 replacement catalyst, Lanshan Tunhe August 23 annual inspection, Shaanxi Black Cat August 31 overhaul for one month, extended oil September 1 overhaul for one month, Yizheng Dalian September 1 overhaul, part of the device to maintain 6-7% load operation.

PTA: As of August 26, PTA start rate of 68.2%, South China, a set of 2 million tons of PTA device preliminary plan to reduce the negative to 70% in early September, East China, a set of 640,000 tons of PTA device is scheduled to stop for maintenance from early September, is expected to overhaul near 20 days, is expected to PTA start load continues to be significantly limited. Chuaneng chemical annual output of 1 million tons of PTA plant in the evening of August 16 parking, restart time to be determined.

PDH: PDH profit this year has been a loss, PDH start has been in the same period of the year low level. August PDH profit is still a loss, start continues to maintain a low level, August added Donghua Energy Ningbo 800,000 tons of plant and Jineng Technology and other PDH plant maintenance.
Methanol: Methanol capacity utilization rate in Southwest China was 53.43%, -14.02% compared with last week. At present, some of these methanol plants have entered into stoppage and maintenance from August 13 to August 16, and the length of maintenance is tentatively estimated to be about one week.

Yellow phosphorus: the second half of the month, Sichuan area power restrictions, yellow phosphorus enterprises parking. Guizhou urnan area due to the impact of the epidemic sealing control, some areas of yellow phosphorus transport restrictions, compared with the previous to some trouble. Some companies in the Yunnan area overhauled and suspended offers.

Caprolactam: Zhejiang Juhua caprolactam capacity of 100,000 tons, August 18 from the parking maintenance for about half a month. Haili Chemical Group has a total capacity of 400,000 tons of caprolactam; Shandong Haili has 200,000 tons of caprolactam, and the plant is parked. Jiangsu Dafeng 200,000 tons, a line due to power plant maintenance from April 1 stop maintenance, restart delayed, another line parking in.

Urea: due to high temperatures continue, August 13, Sichuan Jiuyuan and other urea devices began full-line parking, Sichuan Lutianhua and Tianhua devices in the early hours of August 15 began full-line parking, as of now, almost all urea plants in Sichuan and Chongqing stop, statistics including parking and reduction of a total of 17 enterprises, urea daily production scale 139,900 tons, 11,800 tons less than the same period last year; start-up rate 62.67%, down 7.67% from 70.34% in the same period last year.
For the past, August is usually the end of the maintenance season, after which to meet the "Golden Nine Silver Ten" traditional peak season demand. In other words, the high temperature and rain in August is not suitable for industrial products for large-scale overhaul, and this year came earlier to go later overhaul, apparently lasted longer interval, and March-August chemical overhaul losses are very concentrated, are in the same period of the year high level.

For the chemical market, supply and demand is an important factor affecting the price, the supply side of the reduction will lead to tightening the price of goods, prices will also be raised to the water. But the situation this year, the downstream market is not optimistic, and domestic sales continue to be sluggish, foreign trade is nearly stagnant, the downstream manufacturing plant shutdown has even evolved from a few days, a few weeks into 3 months, half a year of vacation. This downstream collective "aborted" situation, but also decided the upstream of the industry chain of chemical enterprises will not be very profitable, and even caught in the "thicken not increase profits" trap. There are also more downstream maintenance than upstream, and once again forced upstream production cuts and even maintenance.

Then this large-scale long-term production cuts, whether it will bring routine "tight price" and downstream snapping up the hot situation, or in the downstream holiday tide intensified into a subjective lie flat, strong costs and weak demand double squeeze under the chemical industry and how will develop, will be dominated by the next round of supply and demand game results.