Ethylene oxide is facing overcapacity

In recent years, the rapid growth of the ethylene oxide production capacity , excess capacity situation has been highlighted , especially in eastern regions most prominent, former superior of ethylene oxide as a star-like aura has faded , increased competition , revenue decline, 2014 the situation will be more severe.

In the January 3 YPC held in 2014 sales to production will , Zhu Tao raw Manager of Sinopec Chemical Sales Company of East China Branch of synthetic fibers , of ethylene oxide resources in East China 's growing surplus situation , deeply worried.Sellotape


As a flammable hazardous chemicals , ethylene oxide should not be long-distance transport , with obvious regional ; ethylene oxide is mainly produced from ethylene path . Therefore , relying on its own resources ethylene , ethylene oxide before domestic production mainly depends on Sinopec and PetroChina .

However , due to the lucrative industry of ethylene oxide , and the gap is large, in recent years , foreign investment, private enterprises began to get involved in the ethylene oxide industry , especially domestic private enterprises, through the construction of cryogenic ethylene tank, imported from abroad or buy vinyl ethylene , etc., to accelerate the pace of building an ethylene oxide unit , enables the rapid growth of the domestic production of ethylene oxide , Sinopec , PetroChina domination has already been broken, retreated less than half.Washi tape


Especially just past 2013 , domestic new ethylene oxide production capacity is estimated at 770,000 tons , will increase to 2.579 million tons , an increase of 42.6% , especially in East Asia. And in 2014 , the country plans to add ethylene oxide production capacity will be 95 million tons, is expected by the end of 2014, domestic ethylene oxide production capacity increased to 3.529 million tons , an increase of 36.8% . On the other hand , good market performance over the years continued stimulation, as ethylene oxide - ethylene generation in ethylene oxide pattern of strong profitability , individual companies are optimizing product structure adjustment the introduction of new technology implementation expansion transformation , etc., continue to reduce the proportion of ethylene production and increase production of ethylene oxide .Masking tape


Insiders pointed out that , in recent years, with increases every year the amount of ethylene oxide products , lack of resources tends to ease the contradiction between price levels tend to decline year after year . Also, due to the rapid growth in production capacity, excess capacity continues to highlight .

Market participants also generally agreed that , despite the current profitability of ethylene oxide glycol most of the time or higher , but can be expected , however, with the rapid growth of production capacity of ethylene oxide , ethylene oxide future the convergence of profitability and ethylene glycol , ethylene oxide high-yield era will be gone.Wholesale masking tape