The hottest propylene oxide market will be oversup

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Propylene oxide is one of the important basic chemical raw materials, which has a wide range of uses and a large market application. In recent years, due to the sharp increase in demand in the Asian market, the demand for propylene oxide in the world has increased strongly, which has promoted the rapid rise of new production capacity of propylene oxide

entering the 21st century, the market consumption of propylene oxide is rising. From 2001 to 2008, the average annual growth rate of propylene oxide demand in the global market reached 5%. Among them, the Asia Pacific region led by China and India is the region with the fastest growth of propylene oxide production capacity and demand

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in recent ten years, the demand for propylene oxide in China's market has increased significantly year by year. In 2001, the national propylene oxide market demand was 370000 tons. By 2004, the demand reached 620000 tons, and in 2008, it reached 880000 tons. It is expected that the demand this year will reach about 950000 tons. In a short period of nine years from 2001 to 2009, the demand increased by 257%

the sharp increase in market demand has driven the rapid growth of production capacity. In 2001, the production capacity of propylene oxide in China was 480000 tons. By 2004, the production capacity had reached 560000 tons, increased to 950000 tons in 2006, and increased to 1.2 million tons in 2008. In 2009, China's propylene oxide production capacity is expected to reach 1.4 million tons. From 2001 to 2009, the production capacity of propylene oxide in China increased by 290%, especially from 2004 to 2008, which is the most intensive stage of the production of new and expanded units of propylene oxide in China. In this short four to five years, the production capacity of propylene oxide increased by 640000 tons, more than doubling

according to relevant data, in the past two years, China will have about 350000 tons of propylene oxide new production capacity put into operation. New projects include: Shandong Dongda Chemical Co., Ltd. plans to expand production capacity by 50000 tons. The propylene oxide unit with an annual output of 285000 tons and the styrene unit with an annual output of 620000 tons, jointly invested and constructed by Sinopec Zhenhai Refining and Chemical Co., Ltd. and Lyondell company, will be completed and put into operation in the near future. This project is also the largest propylene oxide/styrene co production unit in the world at present. This "Big Mac" will have a huge impact on the domestic market after it is put into operation

at present, the annual production capacity of propylene oxide in the world is about 8million tons, including about 2.5 million tons in North America, about 2.4 million tons in Europe and about 2 "400000 tons in Asia. Lyontel is currently the world's largest producer of propylene oxide, with an annual production capacity of 1.7 million tons, accounting for nearly a quarter of the world's share. At present, there are more than ten major propylene oxide production enterprises in China, including four enterprises with a production capacity of more than 100000 tons, including CNOOC shell, Shandong Binhua, Jinhua chlor alkali and Tianjin Dagu petrochemical. There are six enterprises with a capacity of 5 ~ 10 tons, including Shandong Dongying Jinling, Nanjing Jinpu Jinhu chemical, Shanghai Gaoqiao Petrochemical, Shandong Dongda chemical, Southeast electrochemical, Jinling Petrochemical, etc

in previous years, due to the large market demand for propylene oxide in China, the domestic production capacity can not meet the market demand, and it is necessary to import from abroad every year. Since 2003, the annual import volume has been more than 100000 tons, and the highest import volume has reached 200000 tons. In 2008, China imported 153000 tons of propylene oxide. It is expected that with the rapid expansion of China's propylene oxide production capacity of 1kg/D graphene oxide, China's imports of propylene oxide will gradually decrease in the next few years. Over the years, the export volume of propylene oxide in China has been very small, with an annual export volume of less than 1 ton, and the export volume in 2008 was only 0.04 ton

some insiders estimate that by 2010, the production capacity of propylene oxide in China is expected to reach 1.6 million tons, while the domestic market demand is about 1-1.1 million tons. The market will show a situation of production exceeding demand. The market has no doubt about the future development and utilization prospects of graphene, and the competition will become more and more intense. Production enterprises can turn their eyes to the international market and strive to open up a place in the global 8million ton propylene oxide Market

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