In 2015 Chinese total production capacity of about 7 million 854 thousand tons of styrene, overall consumption of styrene in 2014 in the middle and lower reaches 8 million 900 thousand tons. It is not difficult to find, there is still lack of styrene production sales, especially in recent years the domestic styrene yield reduction, more need to import large quantities. In recent years, styrene imports increased in 2015, styrene imports reached 3 million 740 thousand tons, 2016 incomplete statistics, styrene imports reached 3 million 180 thousand tons in 2016, compared with the previous year decline decline in imports.
Styrene in meet the needs of their own, do not affect the supply and demand situation, to consider the export, but 2016 is not optimistic about the export of styrene. Three party styrene import and export from Japan and South Korea relations, Japan’s exports of styrene in more than 60% goods sold to South Korea, and South Korea’s exports into Chinese styrene 90%. Japan and South Korea styrene production, downstream demand growth will eventually reduce exports to South Korea role level, is expected in 2016 exports to the number of China styrene will reduce. Combined with the domestic styrene production capacity is limited, Dalian Petrochemical 100 thousand tons, 70 thousand tons, Liaotong chemical Harbin LAN-STAR 80 thousand tons of styrene plant closed permanently, Yanshan Petrochemical 80 thousand tons of low yield, not included in the actual production capacity. In addition, Shandong Huaxing, Sheng original petrochemical, lihuayi dry gas to ethylbenzene, difficult to achieve full load operation, so in 2016 the styrene production capacity, is not conducive to export.
Glycol
In 2016 the prospect of ethylene glycol is called fog, affected by the operating load of high crude oil, polyester. But the good times do not last long, at the beginning of 2017 the market downward. Today’s ethylene glycol market fell, the port inventory situation is low, the market supply is tight, the downstream polyester plant started relatively stable, continue to maintain the good momentum of the overall, still must have the support of the price it is reported that the Fujian market mainstream price negotiations in 8000-8100 yuan / ton, is expected in the short term of ethylene glycol market continued weak.
At present, the domestic ethylene production capacity is seriously insufficient, the effective yield of 70% is not much, need to rely on imports, in 2015 China’s ethylene glycol consumption was 12 million 752 thousand tons, imports 8 million 772 thousand tons, self-sufficiency rate of only 31.4%, so the glycol has a huge import substitution space.
Acetic ester
In addition to the above commodity showing decline in commodity acetic ester escape death, it is reported that Jiangyin Baichuan butyl acetate offer down 50 yuan / ton to 6350 yuan / ton, Shanghai implementation of Wujing, Tangshan Jidong ethyl acetate offer down 50 yuan / ton, 5700 5750 yuan / ton, mainly affected by the upstream of n-butanol and acetic acid led to the decline the acetate Market vulnerable to run.
In summary, crude factors do not play a decisive factor in the market of raw materials, in addition to the upstream market, environmental factors can not be ignored, the majority of raw materials business unit parking production, operating rate gradually decline, the off-season demand is weak. Overall, the current inventory of old low price short-term downward.