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Since the second half of the year, the upstream and downstream of the propylene oxide-polyether industry chain has been "rising"
.
Since the second half of the year, the upstream and downstream of the propylene oxide-polyether industry chain has been "rising"
.
Since 2020, the soft foam polyether market has generally shown a "V"-shaped trend
.
In addition, the increase in the price of propylene oxide, the upstream raw material of polyether, is also supporting strong costs on the cost side
.
Talking about the price trend of polyether in the future, Yang Yan believes that its price has exceeded 2008 and is at a new high level in 13 years
.
The price of upstream and downstream products in the propylene oxide-polyether industry chain has risen sharply, which is expected to increase the profits of many listed companies
.
In terms of propylene oxide, the main listed companies and their production capacity are: Wanhua Chemical 240,000 tons/year, Binhua Co.
, Ltd.
280,000 tons/year, and Hangjin Technology 125,000 tons/year
.
As a leading enterprise of propylene oxide, Binhua Co.
, Ltd.
recently stated on the investor interaction platform that the increase in the price of propylene oxide will help improve the gross profit margin of products
.
In terms of polyether, Wanhua Chemical has a 200,000-ton/year unit, of which the soft foam unit is 120,000 tons/year; Hongbaoli has a rigid foam combined polyether of 150,000 tons/year and a special polyether with a production capacity of 40,000 tons/year; Binhua has an annual production capacity of 50,000 tons of soft foam Jumei
.
It is understood that at present, various companies have increased their ex-factory prices according to the market conditions, and orders are saturated, and orders are received in controlled quantities
.
"Several large-scale polyether production enterprises have not offered quotations for the past two days, and they will discuss one by one
.
" A market person told reporters
.
On September 2, Hongbaoli announced that it plans to raise no more than 509 million yuan through non-public offerings and invest in a project with an annual output of 120,000 tons of polyether polyol products
.
It is estimated that after the project is fully put into production, it is expected to achieve an annual sales income of 134 million yuan
.
