Qi Xiang Tengda announcement on the evening of January 3, the 200,000 tons / year maleic anhydride catalyst life and device operation cycle has reached the ceiling. The company will conduct a regular parking overhaul in the near future, is expected to stop overhaul time 50 days.
Leading stop production, maleic anhydride prices are expected to rise again
Q3 2017 was concentrated downstream procurement, start lower, the cost (hydrogenated benzene) prices, maleic anhydride prices began to rise since mid-October, once as high as 13,000 yuan / ton in mid-December, the current season due to off-season prices fall To 10,000 yuan / ton, but Qi Xiang Tengda announcement, the company said that production downtime up to 50 days, of which Qi Xiang Tenda production accounted for 10% of the leading discontinued, maleic anhydride is expected to supply side and then shrink, the price is expected to rise steadily, Overlay company 2018Q1 quarter expansion 20000 tons, maleic anhydride business is expected to become the dark horse performance of the company.
PC2018 slap shortage, the long-term prosperity
PC2018 forecast will be a milestone in the supply of deadweight:
1) In 2018, the newly increased production capacity will be only 135,000 tons of Luxi Chemical and 70,000 tons of Wanhua Chemical. The newly increased demand will be 250,000 tons, which will intensify the supply.
2) China has ruled that the import of BPA in Thailand is dumped and the cost of PC is on the rise.
3) China banned the import of waste plastics, with at least 150,000 tons of recycled PC material banned in this segment, so the demand for synthetic PC materials will further increase in the future. Although planned production capacity will be put into operation in 2019, taking into account that most devices are ' To have ', the actual production schedule is likely to be lower than expected, even if commissioning commissioning time at least a year or so, so the duration of the current boom period is also expected to exceed the current price we expect the company singleton net profit is expected to exceed 8,000 yuan / ton .