Aromatic products are all in excess?

Aromatics are important basic chemical raw materials

Benefiting from the growth of the national economy and the driving force of downstream industries, China's aromatic products had a significant gap at one time, prompting the aromatics industry to gradually develop in the direction of refining and chemical integration

Toluene market is saturated and forced to export

Toluene is the leader in the aromatics family

In 2020, 6 new toluene plants will be added in China, some of which are of world-class scale, with new capacity of 2.

In order to ease the pressure on domestic production capacity, the export volume of toluene has increased rapidly in the past two years

Xylene stocks hit record highs repeatedly

Xylene is the second child in the aromatic family

With the successive commissioning of 10 million tons of integrated refining equipment, the domestic xylene capacity growth rate has increased significantly, with an increase of 4.

Not only has the production capacity increased, but imports have also put pressure on the xylene supply side

The increase in production capacity and imports caused xylene stocks to hit a new high

The pressure on xylene surplus in 2021 will be even greater

Paraxylene capacity becomes a burden

As the third member of the aromatic family, para-xylene was once a sweet pastry in the eyes of investors, a cash cow, and it used to be launched even at the risk of offending the people

The 13th Five-Year Plan is the peak of investment in China's petrochemical industry and refining and chemical integration projects.

The current severe excess pressure on paraxylene can be seen from the continuous increase in the total inventory scale

However, in terms of consumption, the downstream application of p-xylene is single