On November 13, Kanghui New Material Technology Co., Ltd. and Lijin (Suzhou) Trading Co., Ltd. issued a price adjustment notice, announcing that PBAT would increase by 2,000 yuan/ton. This price adjustment will be implemented from November 17. It is reported that after the price increase, Kanghui PBAT quoted 27,000 yuan/ton.
Adipic acid except butanediol Continuing to rise, the price of BDO, another upstream raw material, is also at a high level. In addition, PBAT production has been damaged, and many manufacturers have taken price increase measures.
Also recently, the domestic private refining and chemical giant Hengli Petrochemical has sent another good news. Its wholly-owned subsidiary Kanghui New Materials The PBT/PBAT modified product development project independently developed by Technology Co., Ltd. with an annual output of 30,000 tons has been successfully launched and produced qualified products, which means that the domestic modified plastics field has welcomed another heavyweight player. It is understood that the modified plastic products produced by Kanghui New Materials have received multiple downstream orders.
Sitting on the entire petroleum refining industry chain configuration , Hengli Petrochemical can achieve self-sufficiency in the upstream raw materials for modified plastics, PBT and PBAT, with outstanding scale and cost advantages. The smooth start-up of Kanghui New Materials’ PBT/PBAT modified product development project with an annual output of 30,000 tons will also significantly increase the added value of the company’s PBT/PBS products.
Over 2 million tons of PBAT production capacity released
New private chemical fiber companies The track is open
Since PBAT in the degradable plastic category is a petroleum-based raw material, PTA and PBAT raw materials need to be used The proportion in the field of degradable plastics is 24%. It is roughly estimated that 600,000 tons of the 2.5 million tons of substitutes by 2025 will come from PBAT. The demand for PTA is estimated based on the consumption of 0.48 tons of PTA for 1 ton of PBAT. Although the popularity of degradable plastics has a small impact on the overall demand for PTA in the overall PTA overcapacity situation, it has brought certain benefits to the production capacity digestion of PTA companies involved in PBAT production. At the same time, for an integrated refining and chemical enterprise like Hengli, Hengli Petrochemical is making plans in crude oil, coal, and degradable materials, and its product profits under cost control are more guaranteed.
Under the new trend of alternatives, PLA, PBAT, PHA, etc., degradable plastic materials have attracted attention, including Many domestic leading polyester companies, such as Hengli and Sanfangxiang, have begun to launch PBAT projects. From 2021 to 2022, it is expected that there will be Huafon Group, Hubei Yihua, Hengli Yulin, Kingfa Technology, Wanhua Chemical, Donghua Tianye, Jindan Technology, Yangmei Pingding, Zhejiang Changhong, Dawn Co., Ltd., Shandong Rui More than ten projects including Feng, Sanfangxiang, Tongde Chemical, and Inner Mongolia Huaheng have released over 2 million tons of PBAT production capacity.
Relevant industry insiders believe that as large-scale domestic enterprises in the industry have continued to increase investment in research and development in recent years, domestic and large international The technological gap between enterprises is gradually narrowing, especially as my country’s upstream petrochemical enterprises continue to strengthen independent research and development of products, which will accelerate the overall innovation speed of the domestic modified plastics industry. </p
