Changes in capacity utilization rates of key petrochemical products in 2019
Thread Content
Primary crude oil processing capacity increased significantly In 2019, my country's primary crude oil processing capacity increased significantly, and the capacity utilization rate increased slightly. With the completion of large-scale integrated refining and chemical projects, the competitive landscape of the integrated petrochemical industry of international petrochemical giants such as Exxon Mobil and BASF is being restructured. In 2019, my country's total primary crude oil processing capacity reached 861 million tons, the crude oil processing volume reached 652 million tons, the output of refined oil (gasoline and diesel) reached 360 million tons, and the apparent consumption of refined oil was 310 million tons.
The ethylene equivalent self-sufficiency rate is still less than 50%. 3.52 million tons of new production capacity have been added, with the total production capacity reaching 29.02 million tons and an output of about 26.28 million tons. Due to the insufficient release of new production capacity and the low operating rate of methanol to olefins, the ethylene capacity utilization rate is 90.6%, a year-on-year decrease of 2.4 percentage points. The net import of downstream polyethylene, ethylene triol and other products was 25.58 million tons in ethylene equivalent, and the domestic self-sufficiency rate in ethylene equivalent was still less than 50%.
The ethylene equivalent self-sufficiency rate is still less than 50%. 3.52 million tons of new production capacity have been added, with the total production capacity reaching 29.02 million tons and an output of about 26.28 million tons. Due to the insufficient release of new production capacity and the low operating rate of methanol to olefins, the ethylene capacity utilization rate is 90.6%, a year-on-year decrease of 2.4 percentage points. The net import of downstream polyethylene, ethylene triol and other products was 25.58 million tons in ethylene equivalent, and the domestic self-sufficiency rate in ethylene equivalent was still less than 50%.
The propylene production capacity utilization rate is 81.0%, with 4.41 million tons of new production capacity, the total production capacity reaches 40.61 million tons, and the output is about 32.88 million tons.； As the newly built production capacity was not fully released, the capacity utilization rate was 81.0%, a decrease of 2 percentage points. Equivalent consumption was 42.3 million tons, a year-on-year increase of 9.3% ； The self-sufficiency rate was 77.7%, the same as the previous year.
The self-sufficiency rate of ethylene glycol is only 45%. In 2019, 250,000 tons of new production capacity were added, with the total production capacity reaching 11.031 million tons, a year-on-year increase of 2.3%.； Output reached 8.149 million tons, a year-on-year increase of 18.3% ； The capacity utilization rate was 73.9%, an increase of 10 percentage points year-on-year. Imports were 9.947 million tons, apparent consumption was 18.085 million tons, and the self-sufficiency rate was only 45%, an increase of 3.5 percentage points year-on-year.
Paraxylene production capacity increased by 56.4% year-on-year. Production capacity: With the commissioning of large-scale projects such as Dalian Hengli, Zhejiang Petrochemical Phase I, and Hainan Refining and Chemical Phase II, the new PX production capacity for the year reached 7.755 million tons, a year-on-year increase of 56.4%, and the production capacity reached 21.545 million tons. Yield: The annual output was approximately 14.7 million tons, a year-on-year increase of 31%. capacity utilization: As new production capacity was concentrated in the middle and second half of the year, production capacity was not fully released, and the capacity utilization rate fell by 6.8 percentage points year-on-year to 68.2%. Self-sufficiency rate: Affected by the demand from the downstream textile industry, demand growth slowed down, and the self-sufficiency rate increased by 9.5% year-on-year.
Capacity utilization rate of basic chemical products remains at a reasonable level: caustic soda: 440,000 tons of production capacity were withdrawn, and the capacity utilization rate was 79.1%. soda ash: Capacity and output have seen the largest increase since 2015, and the capacity utilization rate is 90.3%. PVC: 70,000 tons of production capacity were withdrawn, and the capacity utilization rate was 79.9%. Carbide: The withdrawal of production capacity was 1.3 million tons, the capacity utilization rate was 69.9%, and the actual operating rate of the device reached 86.0%.
Urea production increased for the first time after three consecutive years of decline. In 2019, 3.35 million tons of production capacity were eliminated, and total production capacity fell by 4.1% to 66.68 million tons.； The output was 54.75 million tons, a year-on-year increase of 5.1%, reversing the three consecutive years of decline in output. Capacity utilization rate was 82.1%, a year-on-year increase of 7.2 percentage points ； Exports were 4.94 million tons, a year-on-year increase of 102.5%, and the apparent annual nitrogen fertilizer consumption was 33.5 million tons (pure).
Urea production increased for the first time after three consecutive years of decline. In 2019, 3.35 million tons of production capacity were eliminated, and total production capacity fell by 4.1% to 66.68 million tons.； The output was 54.75 million tons, a year-on-year increase of 5.1%, reversing the three consecutive years of decline in output. Capacity utilization rate was 82.1%, a year-on-year increase of 7.2 percentage points ； Exports were 4.94 million tons, a year-on-year increase of 102.5%, and the apparent annual nitrogen fertilizer consumption was 33.5 million tons (pure).
Phosphate fertilizer production capacity has shown a downward trend for three consecutive years. In 2019, the national phosphate fertilizer production capacity was 22.5 million tons of P2O5, a year-on-year decrease of 1 million tons, showing a downward trend for three consecutive years. Phosphate fertilizer production in 2019 was 15.8 million tons of P2O5, a year-on-year decrease of 6.9%, and the fourth consecutive year of decline. Affected by factors such as overall weak demand in the international market and severe oversupply, phosphate fertilizer exports have been hindered. Among them, monoammonium phosphate exports were 2.391 million tons, a year-on-year decrease of 4.0%. ； Diammonium phosphate exports were 6.47 million tons, a year-on-year decrease of 13.4%.
The capacity utilization rate of coal chemical industry has increased significantly, and only coal-to-olefins and coal-to-liquids are profitable: There was no new production capacity in 2019, and the total production capacity remained at 9.21 million tons. ； The annual output was 7.456 million tons, an increase of 1.281 million tons or 20.7% over the previous year. ； The capacity utilization rate increased to 81.0%, an increase of 24.0 percentage points from the previous year. Coal (syngas) to ethylene glycol: An additional 500,000 tons of production capacity was added, bringing the total production capacity to 4.83 million tons, an increase of 11.5%. ； The annual output was 3.162 million tons, an increase of 727,000 tons and 29.9% over the previous year. ； The capacity utilization rate was 65.5%, an increase of 9.9 percentage points from the previous year. Coal (methanol) hydrocarbon production: Added 2.8 million tons of new production capacity, bringing the total production capacity to 15.82 million tons (including 10.62 million tons of coal-to-olefin production capacity), an increase of 21.5% ； The annual output was 12.762 million tons (including 9.082 million tons of coal-to-olefin production), an increase of 1.912 million tons or 17.6% over the previous year. ； The capacity utilization rate was 80.7% (including 85.5% of coal-to-olefins), a decrease of 2.6 percentage points from the previous year.