Expansion touch maintenance, the first quarter PP market is extremely lively!

Big deal! It is another quarter of substantial increase in capacity expansion. Up to now, a total of 5 petrochemical enterprises and 6 sets of polypropylene projects have been successfully put into operation, with a capacity of 2.15 million tons/year, an increase of 45.84% compared with the same period last year. Guangxi Hongyi 300,000 tons/year polypropylene plant adopts SPG process independently developed in China and mature in application. The ten-million-ton refinery and chemical integration project of Guangdong Petrochemical is the largest one-time investment project of petrochina. Zhonghua Hongren high-end polypropylene new material project, using the world's advanced technology, can produce a full range of polypropylene products such as homopolymer, random copolymer and impact copolymer. The 1 million tons Ethylene project of Hainan Refining and Chemical Industry adopts the world's advanced chemical technology, among which the gas phase process is one of the main production devices in the project. Jingbo Petrochemical polypropylene project introduced LyondellBasell new generation polypropylene process, including 200,000 tons/year Spherizone multi-zone process polypropylene plant and 400,000 tons/year Spheripol loop process polypropylene plant, the first line (400,000 tons/year) officially launched on March 17.

Domestic PP equipment maintenance is more frequent than in previous years, according to incomplete statistics, a total of 54 production lines shut down, involving capacity 11.79 million tons/year, the cumulative loss of output up to about 99400 tons/year, a significant increase of 74.23% compared with the same period last year. In addition, 14 production lines are under repair, and 9 of them have no specific start time yet. In addition, the overhaul period of Zhenhai Refining and Chemical Line 2 (300,000 tons/year) and Liaoyang Petrochemical (300,000 tons/year) is particularly long, which is expected to last until mid-to-late May.

Data show that the total output of PP from January to March 2023 is about 7,743,300 tons, an increase of 3.38% compared with the same period last year. The capacity expansion collision maintenance, supply end increment is in line with expectations. Qilu Petrochemical Phase II (200,000 tons/year) and Anqing Petrochemical (300,000 tons/year) are scheduled to be put into operation in the second quarter. In the later period, new production capacity is constantly added. However, there are also many overhaul plans, and the overhaul of Zhenhai Refining and Petrochemical Line III (300,000 tons/year) and Maoming Petrochemical Line III (200,000 tons/year) basically spans the whole second quarter. The game between the two looks set to continue.