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AkzoNobel announces expansion of resin production capacity

Recently,AkzoNobelannouncedaninvestmentplantoexpanditsinternalresinproductioncapacity,promotingthecompanytomakesteadyprogresstowardsthestrategicgoalof"grow&deliver".Atpresent,thecapacityexpansionplanhasbeenimplemented.   Theprojectaimstoseekrelevantopportunities,unlockmorevalueandenhancethecompany'sself-sufficiency.Itisexpectedthatthisinvestmentwillcontribute€15millionto€20millioninEBITDAby2023.   Itisreportedthatthiswillhelpthecompanybuildtheabilitytoresistsupplyinterruption,andmakeanimportantcontributiontotheachievementofthecompany'sestablishedfinancialobjectivesandcarbonreductionobjectivesfortheupstreamsupplychain.Inaddition,thisinvestmentplanisconsistentwithAkzoNobel's"people,planet,paint"sustainabledevelopmentplanandprovidesimportantsupportforhelpingthecompanyachievethesustainabledevelopmentgoalofreducingcarbonemissionsofthewholevaluechainby50%by2030.Thegoalisbasedonscientificplanning,hasbeenofficiallycertifiedbythescientificcarbonreductioninitiativeandisconsistentwiththe1.5℃temperaturecontrolgoaloftheParisAgreement.   MichaelFriede,chiefcommercialofficerofAkzoNobel'shighperformancecoatingsbusiness,said:"Resinsarewidelyusedinallourbusinessareas.Althoughwecanmeetmostoftheresinsupplydemandthroughourownproduction,bulkcommoditiesandotherspecialresinsstillneedtobepurchasedfromthirdparties.Atthesametime,furtherinvestmentininternalresinproductioncapacitywillcontributetothesustainablegrowthofourbusinessandprovidestrongsupportforourresearchanddevelopmentofinnovativeproductsandtheachievementofsustainabledevelopmentgoals."
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29
2022-03

Polyethylene: weekly drop of 1000 yuan / ton! Could it be worse?

Release time:2022-03--29
Atthebeginningofthemonth,theriverandmountainsarebeautiful,andthespringbreezeandflowersarefragrant.Thereasonforthewideriseofpolyethylenepriceisduetothesharpriseofinternationalcrudeoil,whicharousedthousandsofwaves.Subsequently,monomer,externalmarket,futuresandpetrochemicalfolloweduponeafteranother,pushingthemarketatmospheretoaclimax.Inthemiddleofthemonth,thespringsleepswithoutrealizingthedawn,andeverywhereIhearthewail.Withtherapiddeclineofcrudeoilpriceandthecollapseofpolyethylenemarketwithoutstruggle,peopleinChina'splasticcitywereterrified.Asofthe16th,thehigherpricepointofShanghaiPetrochemicalq281fellby700yuan/ton,thehigherpricepointofDaqingPetrochemical7042fellby800yuan/ton,andthehigherpricepointofLanzhouPetrochemical5000Sfellby1000yuan/ton.However,excessiveworrycannotchangethestatusquo.Bothriseandfallhavecauseandeffect.Let'sstartfromtheupstreamandanalyzethemonebyone.
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29
2022-03

How serious is the public health incident to PP powder?

Release time:2022-03--29
Atpresent,thenovelcoronaviruspneumoniaepidemicsituationismorefloweringinChina,andthesituationofpreventionandcontrolisverycomplex.Asof10:00onMarch17,therewere91newoverseasimports,1226localimportsand3336HongKong,MacaoandTaiwanimportsin31provinces.Amongthem,itisparticularlyseriousinJilinProvince,with8507confirmedcases,followedbyGuangdongProvince,with1774confirmedcases,andShandongProvince,with1146confirmedcases.   Withthestrengtheningofpublichealtheventmanagementandcontrolandthelimitationoflocallogisticsandtransportation,enterpriseproductionisalsofacinggreatchallenges.   1、Productionenterprisesinvolved   manufactorProvincesandcitiescapacityUnitshutdown HongjipetrochemicalJiaxing,Zhejiangforty-eightTheloadofthedeviceisabout4-5% SatellitepetrochemicalJiaxing,Zhejiangforty-fiveTheloadofthedeviceisabout4-5% ZhuhaipagodaZhuhai,GuangdongeightLowunitload ShandongKairiZibo,ShandongtenUnitshutdown HSBCpetrochemicalZibo,ShandongfifteenUnitshutdown JianyuanchunchemicalWeifang,ShandongtenLowunitload LuqingpetrochemicalWeifang,ShandongfiftyTheloadofthedeviceisabout50% DongfangHongyeWeifang,ShandongthirtyTheloadofthedeviceisabout20% ShandongHengyuanDezhou,ShandongfourpointfiveUnitshutdown,recoverytimetobedetermined RizhaoGuangxinRizhao,ShandongtwentyUnitshutdown QingdaoPetrochemicalQingdao,ShandongsevenNormalstart-upoftheunit ShijiazhuangUnitedShijiazhuang,HebeisixNormalstart-upoftheunit CangzhouRefineryCangzhou,HebeisixNormalstart-upoftheunit ZojepetrochemicalCangzhou,HebeisixTheunitisshutdownformaintenanceandisexpectedtoresumeinJune NanjingJinlingNanjing,Jiangsutwenty-fiveLowloadstart-upoftheunit LianyunganghuidaoLianyungang,JiangsusevenUnitshutdown KebangpetrochemicalLianyungang,JiangsueightUnitshutdown,recoverytimetobedetermined HarbinRefineryHeilongjiangHarbineightUnitloadreduction LiaohePetrochemicalPanjin,LiaoningthreeUnitshutdown YingkouXiangyangYingkou,LiaoningtwoUnitshutdown AsthemainrepresentativeplaceofPPpowder,thepressurefacedbyShandongProvincecanbeimagined.Themanufacturersstrictlyimplementepidemicpreventionmeasures.Exceptfortheshutdownofindividualaffecteddevices,therestarestillorganizingproductioninanorderlymanner.However,thesaleslinkisblockedbytransportation.Affectedbythis,theinventoryofmostmanufacturershasreboundedtosomeextent.
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29
2022-03

Under the ups and downs of crude oil, PVC is at the mercy of futures?

Release time:2022-03--29
Recently,thepriceofinternationalcrudeoilhitarecordhighduetothe"RussiaUkraineconflict".OnMarch7,thepriceofinternationalcrudeoilfuturesrosesharply,reachingamaximumof$139inBrentcrudeoil,thehighestlevelsince2008.ThesettlementpriceofthemaincontractofusWTIcrudeoilfutureswasUS$119.4/barrel,up3.2%;ThesettlementpriceofthemaincontractofBrentcrudeoilfutureswasUS$123.21/barrel,up4.3%.OnMarch9,theinternationalcrudeoilpriceplummeted.ThesettlementpriceofthemaincontractofWTIcrudeoilfuturesintheUnitedStateswasUS$108.70/barrel,down12.1%;ThesettlementpriceofthemaincontractofBrentcrudeoilfutureswasUS$111.14/barrel,down13.2%.Withthesharpfluctuationofoilprice,commodityfuturessuchasPVCroseagain.Drivenbyfuturesandenergy,spotpricesalsofluctuatedgreatly.Sinceentering2022,thePVCmarkethasexperiencedfrequentsharpupsanddowns,withtheoverallfluctuationintherangeof8000-9400yuan/ton.   InearlyMarch,crudeoilpricessoaredduetotheconflictbetweenRussiaandUkraine,andcommodityfuturessuchasPVCsurged.Drivenbyfuturesandenergy,PVCpricesrosesharply,up8.83%.Subsequently,concernsaboutcrudeoilsupplyeased,oilpricesfellslightly,PVCfuturesalsoroseandfell,andthespotPVCmarketfell.Inaddition,thedomesticepidemichasspread,someregionsandprovinceshavebeenclosedandisolated,thedownstreamdemandisexpectedtodecline,andtheoverallPVCpriceisweakandadjusted.Atpresent,therearemanyemptyspacesinthevenue,therearemanyuncertainfactors,andthefuturetrendofPVCisstilluncertain.Let'sanalyzeitonebyonefromseveralaspects!   Upstream,calciumcarbideproductionenterprisesinNorthwestChinahavestableplantoperationandnormalcalciumcarbidesupply.Someareasareaffectedbytheepidemic,andshipmentandtransportationareblocked.ThearrivalofPVCmanufacturersisunevenregionally,thearrivalofgoodsinsomeareasistight,andthepurchasepriceofcalciumcarbideisincreased.Intheshortterm,thepriceofcalciumcarbideisstillhigh,andthecostsupportstillexists.   AftertheSpringFestival,theoperatingloadofPVCproductionenterpriseshasbeensteadilyincreasing.InMarch,therewerefewdevicemaintenanceinPVCproductionenterprises,andonlysomeenterprisedeviceswerenotfullyopenduetocostortheirowndeviceproblems.AsofMarch18,theoperatingloadofPVCproductionenterpriseshasreboundedto82.39%.Inthelaterstage,withtherecoveryoftheplant,theoperatingrateisstillexpectedtoincrease,butattentionshouldbepaidtothemaintenanceofPVCenterprises
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29
2022-03

From January to February 2022, China's polyethylene import and export decreased and increased

Release time:2022-03--29
Accordingtocustomsstatistics,thetotalimportofPEfromJanuarytoFebruary2022wasabout2.2179milliontons,adecreaseof13.46%overthesameperiodlastyear.Amongthem,LDPE(tariffNo.39011000)importedabout482200tons,adecreaseof11.47%overthesameperiodlastyear;HDPE(tariffNo.39012000)importedabout1013500tons,adecreaseof7.64%overthesameperiodlastyear;LLDPE(tariffNo.39014020)importedabout722200tons,adecreaseof21.59%overthesameperiodlastyear.JustbeforeandaftertheSpringFestivalholiday,thedownstreamoperatingrateislowandthedomesticdigestioncapacityisweak.Atthesametime,theenergypriceisstrong,andtheUSdollarpriceishigherthanthedomesticprice.Theshippingproblemhasexacerbatedthesupplyanddemandgapinsomeregions,resultinginthecontinuouslowimportvolumeofPEsuppliedtoChina.
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29
2022-03

PP: the situation is grim and complex, with strong external demand and weak domestic demand

Release time:2022-03--29
InFebruary,thereweremanyuncertainandunstablefactors,theforeigntrademarketwasgrimandcomplex,andtheimportandexportofPPgranulesdecreasedandincreased.Accordingtothelatestcustomsdata,theimportvolumeofthemonthwasabout319100tons,adecreaseof5.31%monthonmonthandayear-on-yearincreaseof10.95;Theexportvolumewasabout71200tons,withamonthonmonthincreaseof31.25%andayear-on-yearincreaseof57.21%.
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