Ethylene oxide may face callback pressure in the l

2022-10-24
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In the later stage, ethylene oxide may face callback pressure

characteristics of ethylene oxide industry

-- hazardous chemicals are difficult to transport over long distances, mainly through ethylene production, so it also determines that the layout of ethylene oxide deep processing follows that of Sinopec

-- the technology of ethylene oxide production and downstream derivatives is mature, and the technology does not constitute a substantive barrier

-- the downstream demand for ethylene oxide increases rapidly, and the self-sufficiency rate of domestic downstream demand is low

-- in the long run, the price of ethylene oxide is related to the price of ethylene glycol, which in turn forms a large correlation with downstream textiles and clothing; In the span of several years, the price of ethylene oxide depends on the impact of supply shock

-- other production routes of ethylene oxide/ethylene glycol: ethanol to ethylene oxide and coal to ethylene glycol deserve attention, but due to volume factors, the supply pattern will not change in the short term

the downstream demand is growing rapidly and the supply is tight

-- it is estimated that by 2012, China's equivalent consumption of ethylene oxide will reach 6.8 million tons. At that time, the equivalent production capacity of ethylene oxide will only be about 4.7 million tons, which is still heavily dependent on imports. It is estimated that the market demand for commercial ethylene oxide in China will reach about 950000 tons in 2010, including 300000 tons for the production of non-ionic surfactants, 280000 tons of polyether polyols, 150000 tons of ethanolamine, 100000 tons of choline chloride, 40000 tons of pharmaceutical intermediates and 80000 tons for other purposes

-- on the supply side, commodity ethylene oxide Sinopec accounts for 46% of the market share, while PetroChina accounts for 19% of the market share. The moment of inertia is the share measured by the inertia of the rigid body when it rotates around the axis (the rotating object maintains its uniform circular motion or static characteristics). Ordnance industry group and Sanjiang Chemical Industry Group account for 15% and 10% of the market share respectively. The increase of ethylene oxide supply is linked to the large-scale refining and chemical project, and the supply will remain tight in the next few years

investment suggestion from the perspective of industrial chain, the ethylene oxide industry is still in strong demand in the downstream, there is a bottleneck in the supply of ethylene oxide in the midstream, and the supply of ethylene and ethanol in the upstream is smooth. At present, for a period of time, the profits are still concentrated in the production of ethylene oxide in the midstream. We believe that we should give priority to the enterprises that produce ethylene oxide as its development direction, At the same time, enterprises with strong downstream demand and special competitive advantages should be considered

summary of the development strategy of efficient and green plastic granulator in the near future

recently, the domestic ethylene oxide has maintained a stable trend. Due to the unexpected small failure shutdown and maintenance of small units of Shanghai Petrochemical, the maintenance of Zhenhai Refining and chemical unit, and the tight supply in East China, in addition, Maoming Petrochemical unit is still under maintenance, and some local downstream enterprises in South China cannot purchase ethylene oxide to follow the shutdown and maintenance, Due to upstream factors, the short-term high level of ethylene oxide remains strong; If the ethylene oxide plant is started normally in the long run, the supply side will also be abundant. Shandong Tengzhou Chen Machinery Co., Ltd. looks at the fact that the solid dragon plant has been officially put into production, so negative factors will fill the fundamentals of ethylene oxide. Relevant institutions believe that ethylene oxide will face callback pressure in the later stage

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