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The commodity market has always seen new people laugh, and old people cry
.
Judging from the tracked PDH industry profits, the profitability of propane dehydrogenation to polypropylene continues to be good.
Taking East China products as an example, the theoretical profit in 2018 was 2,640 yuan/ton, and the profit from January to November in 2019 was 2,184 yuan, which continued to be strong.
Profitability of other processes
.
At present, the downstream polypropylene production capacity of propane dehydrogenation is 2.
2 million tons, accounting for 8.
9% of the total polypropylene production capacity.
PDH dehydrogenation mainly produces propylene, and currently only general-purpose homopolymer products can be produced.
The market power is weak, but the low cost The advantages are already obvious, and the impact of low prices on the market is self-evident
.
According to the survey, the current loss of propane dehydrogenation (PDH) to propylene process is only affected by short-term factors.
Judging from the profit level over the years, the process still maintains strong market competitiveness.
Currently, it is under consideration of equipment and profit protection, and some equipment is temporarily suspended.
Adjustment, Shaoxing Sanyuan PDH production capacity is 450,000 tons/year, and it will be shut down for maintenance today (December 26).
The preliminary plan is about two weeks for maintenance.
The Tianjin Bohua propane dehydrogenation (PDH) unit is scheduled to be shut down for maintenance on December 28.
A period of about 40 days
.
Since December, the propane country has shown a very obvious situation of low in the north and high in the south, which fully reflects the sharp rise of the market in this round, mainly driven by imported resources
.
The spot of polypropylene futures continues to drop, and it is inevitable that downstream terminal demand will decline in the future.
After New Year's Day, demand will gradually enter the final stage, procurement will continue to slow down, and the risk of market decline will intensify
.
