At the Petrochemical Industry Development Conference in 2018, the China Petroleum and Chemical Industry Federation issued the "2018 annual key petrochemical production capacity early warning report." Among the 28 major petrochemical products monitored by the report, there has been a recent hot product - poly Carbonate.
In recent years, the supply gap of polycarbonate in China is relatively large. In 2017, the external dependence was as high as 68%. The demand side has grown strongly and the profit margin is sufficient. The Ministry of Industry and Information Technology and the National Development and Reform Commission are also encouraging the development of polycarbonate in various preferential policies and major project libraries. Therefore, in recent years, the development speed of China's polycarbonate industry has accelerated, and the annual growth rate of production capacity has exceeded 20% for 4 consecutive years. It is definitely a product on the 'Tongkou'.
According to statistics, in 2017, China's polycarbonate production capacity was 875,000 tons, output was over 636,000 tons, imports 1.385 million tons, exports were 288,000 tons, and apparent consumption was 1.733 million tons. Compared to current domestic production capacity, polycarbonate The industry undoubtedly has a huge business opportunity and investment in the Blue Ocean. This has stimulated the forefront of the financial and technological advancement of companies to join the building tide.
Behind the infinity, what is presented to us is the worry about the rapid expansion of production capacity and excess competition. According to statistics, at present there will be more than 2 million tons/year of polycarbonate equipment to be built in the country, and even greater capacity will be in place. Research stage. The Luxi Group has recently announced a high-profile explosion of the 'Million-ton level polycarbonate project' which was listed as a key project of the Shandong Province's new and old kinetic energy conversion comprehensive pilot zone'. The next three years will be the concentrated release period of China's polycarbonate production capacity. In 2018, it will be the first year of concentrated production release. By 2021, it is expected that most of the planned projects will be completed and put into operation. The domestic production capacity will increase substantially, which will bring a huge impact to the domestic polycarbonate industry. Compared to 2017, 2.2% of the apparent growth rate of consumption, the imbalance between supply and demand growth may lead to a surplus in the next few years.
In the downstream electronics of polycarbonate, the growth of the building sheet industry slowed down, and demand was shrinking. At the same time, the research and development of high-end polycarbonate products lags behind, and the polycarbonate industry may face low-end product surplus and lack of high-end products. The concern of international trade friction will also become an uncertain factor in the development of the industry.