In the peak season of production and sales in September, the isopropyl alcohol market failed to extend the August gains, but a slight correction of 100~200 yuan. Especially the propylene method isopropyl alcohol, the current ton loss has expanded to about 800 yuan. Due to the high raw material, coupled with the lack of demand and supply, propylene isopropyl alcohol is basically hopeless to get rid of losses.
The raw material price continues to be high, which is the main cause of the loss of propylene isopropanol enterprises.
According to Wang Chunming, general manager of Ruiyang Chemical Trading Co., Ltd., there are currently two main production processes for isopropyl alcohol in China: acetone hydrogenation and propylene water. Among them, acetone production capacity accounts for more than half of the country, up to 59%; The unique propylene process has reduced its share of production capacity to 22% year-on-year due to poor economics.
'At the beginning of this year, the profitability of the two processes was below the cost line. However, as the price of raw materials differentiated, the profitability of the two processes also showed polarization. The acetone plant has maintained a profit of several hundred yuan. Yuan; the propylene plant is struggling under the cost line. As the cost disadvantages gradually emerge, some factories choose to park and wait. 'Chi Bao, Deputy General Manager of Jilin Daote Chemical Technology Co., Ltd. said.
Market participants said that the recent propylene price remained at around 9,000 yuan, and the acetone market price was around 5,800 yuan. This resulted in an acetone isopropyl alcohol yield of nearly 1,000 yuan per ton, while propylene isopropyl alcohol lost 800 yuan per ton.
In view of the market outlook, propylene is expected to continue to rise. The Jishen propylene oxide unit is scheduled to restart, the zirutin octanol unit is back to normal, and the Daqing butyl octanol unit is expected to be fully loaded, and the demand for propylene is increasing. In addition, the propylene production enterprises have low stocks. In addition, the National Day is approaching, the downstream is actively purchasing and stocking. Affected by this, the propylene market hit a new high in the year last week, and the high-end quotation runs to 9,800 yuan. It is not difficult to see that the loss of propylene isopropanol enterprises will continue to expand. .
Recently, the overall prosperity of the isopropyl alcohol market has declined, which has prevented manufacturers from transmitting price pressure downwards.
The first is the expected increase in the operating rate of the device.
It is understood that the Zhejiang Xinhua propylene isopropanol plant has been shut down since July 19, and officially restarted in mid-September; Shandong Dadi Supu Chemical Plant has been rectified and put into operation. At that time, the overall supply of the market will increase, aggravating Watching the mood inside the venue.
In addition, the late cargo will be concentrated in Hong Kong, East China, South China and other places, isopropyl alcohol supply is expected to continue to rise, causing a drag on the market.
Secondly, although the downstream peak season has arrived, the demand has not been activated.
According to Chi Baozhen, isopropanol is mainly used in solvents, intermediates, downstream including pharmaceuticals, pesticides, coatings, plastics, cosmetics, industrial cleaning, etc. Recently, Jiangsu, Shandong, Zhejiang, Tianjin, Guangdong, Shanxi and other places have been introduced. For the environmental remediation plan of chemical enterprises, the operating rate of downstream solvents and intermediate enterprises is only reduced, and the purchase of raw material isopropyl alcohol is just needed, making the trading light.
Due to the weak demand, the recent isopropyl alcohol companies have a large margin of profit. The low-end quotation of the holders' bidding sales has greatly weakened the market's long-term kinetic energy.
However, compared with the dilemma of propylene isopropanol, the acetone production advantage is prominent. Recently, the raw material acetone market has not risen and fallen, and it has been running to about 5,800 yuan. Some retail investors have chosen to take profits in advance due to the pressure of withdrawing funds. The price of acetone has further declined. Therefore, the profit margin of acetone isopropyl alcohol is expected to increase further.
The difference in profitability leads to the disadvantage of propylene isopropyl alcohol in the market competition, it is difficult to turn over, and the loss situation may continue to expand.