Phenol: Competition has intensified, the situation grim – phenol, organic – chem
October 2008, is the world's historic 1 month. Occurred worldwide this month, and numerous major events unforgettable. In mid-September Lehman Brothers filed for bankruptcy, the global Financial crisis Like a shadow, do not see the edge of a large network of overshadowed the whole world, the international crude oil prices plummeted, the decline of many chemical products are also like a "roller coaster" as to make the operator by surprise, Phenol Market is no exception. Experts, the market price of phenol in China has experienced two years of steady increase in period, by the Olympic effect, global Economic crisis And other multi-effects, the market price fell to its lowest point since 2002. 1 to 6 months last year, rising to moderate stages of the performance of the domestic phenol market prices moderate trend, the price trading range 13 300 East ~ 14,200 yuan / ton; early July amid concern from the north during the Olympics because, Yanshan Petrochemical tight supply caused by limited production and marketing , market prices began to pull up, in late July in east China rose to 14,700 yuan price / ton, 3 weeks rose 1,000 yuan / ton; but this wave quickly pulled up the downstream plants to show resistance to mood, the market demand because of the lack of support and gradually decline. October prices from 12,500 yuan in East / ton fell to 7,500 yuan / ton, down 5,000 per month / ton, down 40%; in November continue to fall 1,800 yuan / ton to 5700 ~ 5800 yuan / ton, the market slowed down slightly decrease ; in December 4500 and further dropped to ~ 4600 yuan / ton, the lowest point for the 6 years. In the context of the global economic crisis, Asian and global supply capacity continues to expand, while demand growth slows contradiction, so that the operator of the phenol market in China in 2009 prices, and demand to add a touch of concern.
1, 2008, the price into the low
Domestic phenol market fell to 6 years minimum?? East transaction price 4,500 yuan / tons. At the same time the outer disk phenol prices from 1450 to 1500 U.S. dollars / ton (CFR China main port), plummeted sharply from 480 to 530 U.S. dollars / ton, down nearly 7 percent; According to the China Association of epoxy resin (www.epoxy- e.cn) experts, under the sharp decline in the market and did not stimulate the improvement of downstream demand, phenolic resin, bisphenol A and other major downstream industry needs in a slump, sales of phenol showed a drop in price less the weak market situation.
? Domestic product oversupply Significant increase in production capacity of the new device
. In mid-December 2007 as the product smooth out the material, Kingboard Group is located in Huizhou, Guangdong 200000 tons / year phenol plant put into production ketone, became the phenol / Acetone 5 large producers. According to the China Epoxy Resin Industry Association (www.epoxy-e.cn) experts, the plant put into production on the one hand decomposition of Guangdong, and Fujian's market share of imported goods; the other hand, in order to expand market share and product sales extended to East China market, further exacerbated the East competition. As of the end of 2008, China's total production capacity of phenol to 102 tons / year. Of which: Yanshan Petrochemical Western 10 + Eastern 160,000 tons / year, planning supporting bisphenol A10 million tons / year plant; Takahashi petrochemical old districts 6 +6 + Caojing 200,000 tons / year, has been built supporting tons of bisphenol A11 +10 / year plant; Jilin Petrochemical 120,000 tons / year; Bluestar Harbin 120,000 tons / year; Zhongxin Chemical 200,000 tons / year, has been built package bisphenol A2.5 million tons / year plant. But the capacity to play a severely damaged. In 2008 the domestic phenol ketone unit parking, mostly concentrated in August and November, this is Beijing Olympic Games and the "Black October" effects. As the northern part of the sections before and after the Olympics, prohibited the transport of dangerous chemicals, Yanshan Petrochemical basic stagnant sales, the device was forced to park. The Jilin Petrochemical, Bluestar Harbin transport is also subject to certain limitations and the impact of capacity utilization decreased slightly. In addition, "Black October" fall market, sales into the more difficult the more the vicious circle of lower prices to take into account sharp price drop in the shrinkage of the downstream demand and most of the factories have cut production to maintain supply-demand balance. Preliminary statistics, in 2008 the domestic production of about 570,000 tons of phenol, the average annual unit operating rate of about 50%.
? Import supply price of homogeneous or
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