Noticias de la Industria
Pozo 56.6%! Chemical giant collective closing factory! Do not receive orders or quote!
May 26,2023



Losses expand! The profits of the chemical industry were greatly reduced by 56.6%!

From January to February of this year, the oil processing industry, black metal smelting and pressure-proof industries of petroleum coal and other fuel processing have changed from profit to losses. It is worth noting that the profit of chemical raw materials and chemical products manufacturing from January to February decreased by 56.6%, a large decrease.

my country's chemical raw materials and chemical products manufacturing profits and factory prices have declined. According to data released by the National Bureau of Statistics on March 9, in February 2023, the factory price of industrial producers in the country decreased by 1.4%year -on -year, which was the same as the month -on -month. Among them, the export price of chemical raw materials and chemical manufacturing manufacturing industries decreased by 6%year -on -year. The profit of my country's chemical raw materials and chemical products manufacturing industry has shifted from positive and negative since October last year, and continued to increase after entering 2023.

Taking the epoxy resin industry chain as an example, the basic industrial chain in 2023 is in a loss state.

Since the entry expansion of domestic epoxy resins in 2022, the industry's profits have changed sharply, and thin profits have gradually become the norm. In some time, epoxy resin is even in a loss state. From the perspective of specific products, liquid resin profits have obvious losses, and solid resins can still maintain a profit state. As of the current liquid epoxy resin gross profit of -90 yuan/ton, and the gross profit of solid epoxy resin is 350 yuan/ton. The profit of bisphenol A and epoxy propypanes in epoxy resin also losses with liquid resin. The prices of bisphenol A and epoxy patelles have always been weaker, and the support of resin costs has continued to weaken, which has led to the entire industrial chain products that have entered the era of "negative profits".




Survival is at stake! The chemical industry survives!


The demand continues to be strong, the global economic recession has risen, and the deflationary emotions have been pushed to a high point. Chemical companies have also begun to survive and strive for the greatest benefit.

Means one: close the factory

BASF: Close 2 ammonia factories, close TDI and other devices

The German chemical giant BASF Group announced that it will close many factories including two ammonia factories and related chemical fertilizers. The main changes of the Ludwig Port Integration Base are as follows: Close the ingenuamide device, one of the two sets of synthetic ammonia devices, and related by -product facilities, reduce the binary acid production capacity, close the cyclol, cyclone and sodium carbonate device, close the TDI Device and front and TDA's front -body devices.


Dow: Chemical giant announced the closure of some factories


Relevant personnel revealed that Dow's chemistry plans to close its oxidine (PO) factory located in Friert, Texas by the end of 2025. Earlier, Dow's chemistry announced that it closed some factories, reduced the purchase of raw materials and reduced the cost of logistics and hydropower to further improve our cost structure and enable business to adapt to the most competitive, lowest cost and fastest growing market.

Huntsman: Close 1/3mdi production capacity

In order to cope with the high -energy cost environment, Huntsman will have a small MDI production line of Rotterdam, the Dutch Rotter for a long time until the demand of the terminal market will improve. At present, Huntsman has shut down part of the MDI capacity of Gasma (about 30%of the total production capacity).

Olympic Company: Stop some solid epoxy resin factory production

American ammunition manufacturers and global chemical work giants announced that it has stopped its factory solid epoxy resin in Terneuzen, South Korea, and Brazil's GUARUJA. Olympiad has previously reduced epoxy resin and related upstream products in Texas and Brazil.


Yara: greatly reduced European ammonia production

Due to the high price of natural gas, Yara International has greatly reduced European ammonia production. As of the end of January, 35%of the company's European ammonia capacity and 28%of European chemical production capacity were still in a state of stopping.


CF Industry: Permanently close a fertilizer plant

The US fertilizer giant CF industry announced that due to high energy costs, it is planned to close its fertilizer plant in the UK forever. And carbon dioxide production facilities

Means two: more device maintenance

Wanhua: PP, ethylene, PO/SM and other devices for maintenance for 45 days
Wanhua Chemical Yantai Industrial Park PP (300,000 tons/year), ethylene (1 million tons/year), PO/SM (30/65,000 tons/year) and other devices will be discontinued for maintenance on May 8th. About 45 days.
In the field of liquid epoxy resin, Dongying Hangbang and Fujian Huanyang installations parking, 70 % of Sanmu load in Jiangsu, 80 % of the loads of East Flying Source in Hongchang, Kunshan South Asia, Zhejiang Haobang;
In the titanium pink powder industry, some Rui titanium -type titanium pink manufacturers have lowered the load. The downstream of domestic and foreign terminals is already in inventory. It is expected that the market demand in the third quarter is expected to be weakened.
The acrylic market, 50 % of Zhejiang Petrochemical, Shanghai Siko, Cruel, Liaoning's golden hair load, Fushun Petrochemical, Selbang load 70 %, Jilin Petrochemical, Shandong Haijiang, Jiji Jieyang load;
The two lines of the Chongqing Huafeng Ji -di -acid device are in the parking state;
Ningxia Baofeng, Xufeng Heyuan, Shandong Mingshui, Xinjiang Guanghui, Luxi Dawei, Jinfeng Wenxi, Gansu Huating, Zhonghai Chemical methanol device maintenance, Ningxia Baofeng and Sichuan sets of installations reduced production;
Yicheng PTA drops load, overall to 70 %, tentatively maintained for two weeks;
Shaanxi Shaanxi 30,000 tons and 100,000 tons of BDO devices have fallen to 70 %, suspending single sales, mainly contracts;
Domestic production enterprises of Sanyuan Materials started less than 40 %, and the domestic market of the front -drive body was low. Some bases that had been discontinued had no resumption plan;
Lithium hexofluorophosphate enterprises have entered low load production and even discontinued production, and the industry has entered a depth of deepen.

Means three: closed single cover plate does not offer!

Jinhu Mitsui: All MDI products in Jinhu Mitsui, South Korea will not receive orders in May. At present, the MDI production capacity of the Korean factory of the Jinhu Mitsui Mitsui Mitsui is 410,000 tons, accounting for 6.6%of the total production capacity of the MDI industry in the Asia -Pacific region. At the same time, many companies in the workshop received notifications that Wanhua Pure MDI was reported at 20,500 yuan/ton in one bite. The sudden sealing disclosure has also caused the worries of the coatings, chemicals, home furnishings and other industries in the downstream of MDI into the concerns of the shortage of supply and whether they will increase their prices.


Suzhou Huasu, Formosa Plastics Ningbo, Ningbo Hanhua, Ningxia Jin Yuyuan in the PVC industry, Xinjiang Zhongtai, Shenyang Chemical, and Shandong Langhui in the PVC paste resin industry began to seal;
The F141B foaming agent industry's Sanai Fufang's main factory seal, do not receive new orders;
In the ammonium chloride industry, Xuzhou and Fengcheng saline in Jiangsu do not quote;
Shutronry industry, Luoyang, Jiuyuan Petrochemical, and Zibo HSBC Petrochemical in Zibo in Shandong do not quote;
In the albumin industry, Tianyuan Tianyuan and Zhejiang Xin'an Chemical do not quote;
In the formaldehyde industry, Jinfeng and Shijiazhuang Yazawa Chemical in Yangzhou, Jiangsu do not quote;
In the yellow phosphorus industry, Guizhou Shengwei Chemical and Sichuan Blue Ocean Chemical did not quote.

Challenges abound! Economic recovery needs a catalyst!

The recently released "Global Economic Outlook" report released by the World Bank has lowered the forecast of global economic growth in 2023 to 1.7%, a decrease of 1.3%from the prediction of June 2020, the third low level in the past 30 years. The report shows that affected by factors such as high inflation, rising interest rates, decreased investment, and Ukraine crisis, global economic growth is sharply slowed to a dangerous degree of approaching the degree of recession.

The World Bank President Margel said that the global economy's "crisis facing the development of the world is increasing", and the frustration facing global prosperity may continue.

Under such circumstances, it is more important to cooperate global to cooperate, mutual benefit and win -win, and seek a new economic recovery catalyst. In this way, all walks of life can return blood quickly.


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