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Propylene: Inventory of supply and demand data in the first half of 2022

Views: 0     Author: Site Editor     Publish Time: 2022-07-27      Origin: Site

In recent years, my country's propylene production capacity has maintained a trend of rapid expansion. In the first half of 2022, a total of 11 sets of propylene plants were successfully put into operation, and the newly added propylene production capacity was 3.419 million tons/year, and the total propylene production capacity in mainland my country reached 54.24 million tons. /year.


In terms of output, the average operating rate of propylene plants in mainland China from January to June was 76.49%, and the total output of propylene was about 21.84 million tons, an increase of 8.87% compared with the same period last year. In general, due to the continuous high operation of international crude oil in March, the operating load of several cracking units has decreased, and the operating rate of some PDH/MDH units has been superimposed on the shutdown and maintenance.


In terms of imports and exports, from January to June 2022, a total of 1.001 million tons of propylene were imported, the import volume decreased by 19.61% compared with the same period last year, and the monthly average monthly import volume was 166,800 tons. Affected by the domestic epidemic in April and May, local market demand was sluggish, while many overseas crackers were operated at reduced loads due to high costs, and the current import volume dropped sharply compared to the previous period.


From January to June, my country exported a total of 34,700 tons of propylene, an increase of 139.31% over the same period last year. In the first half of the year, the monthly export volume showed a continuous growth trend, which also showed that after the domestic propylene supply and demand structure became more relaxed, domestic enterprises continued to explore overseas propylene market transactions.


In the second half of the year, there is still a large amount of new propylene production capacity planned to be released, and the propylene industry chain still maintains an expansion trend. After some downstream enterprises replenish upstream raw materials, the market competition pattern will further intensify, and some areas far from the main spot market will follow the upstream and downstream devices. After the investment and construction, it may give birth to a new market pattern. In addition, the construction boom of domestic PDH units is still ongoing. It is expected that the propylene production capacity of the propane dehydrogenation unit will approach 15 million tons by the end of the year, and the cracking, catalysis, MTO and light hydrocarbon routes will also maintain steady growth.


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