In spite of weak demand, Bayer MaterialScience’s sales in the first quarter of 2009 fell 34.9% year-on-year to only 1.636 billion Euros, or approximately US$2.17 billion, despite 2008's first quarter of 2009. During the same period was 2.512 billion euros. However, from the recent trend of the domestic polyurethane market, polyurethanes have a tendency to hit bottom. Along with the advent of the traditional peak season of the polyurethane industry, the polyurethane market is also sang along with all kinds of good news.
Polyurethane (abbreviated as PU) is a kind of plastic that is widely used in furniture, automobile, construction and other industrial fields. It is an emerging organic polymer material. The main products are soft and hard foam plastics, shoe leather and other elastomers, adhesives, and coatings. , sealant and spandex fiber are among the top five plastics in the world. The polyurethane industry is a sunrise industry. The per capita consumption of developed countries is about 10 times that of the underdeveloped regions. The growth rate of China’s demand is more than 20% every year, and the development and application potential is enormous.
The most widely used on the market today is polyurethane foam. Soft foam plastics are mainly used for furniture and transportation materials such as various mat materials and sound insulation materials; hard foam plastics are mainly used for heat insulation layers of household appliances, wall insulation waterproof spray foam, pipe insulation materials, construction plates, refrigerated trucks and cold storages. Insulation materials, etc.; semi-rigid foam plastics used in automobile dashboards, steering wheels, etc. There are various types of foam plastic materials (two-component premixes) on the market, which are mainly used for (cold cured) high-rebound foams, semi-rigid foams, castings, and sprayed rigid foams.
As for the current polyurethane market situation, it can also be described as the rain on the west side of the sunrise in the east. In terms of the global market environment in a large area, polyurethane is still in a decline stage in 2009, and profit loss is an indisputable fact. However, as far as the current domestic market in China is concerned, polyurethane has a lot to look up. The following Xiao Bian gave you a brief explanation:
Incremental Raw Material Energy Cost Increases Messages Dow Chemicals Announces Price Increases for Polyols and Isocyanates: May 5th, 2009 Dow Chemical (Dow), Inc. announced that it will be effective immediately from date of The prices of polyurethane raw materials for the unit in the Middle East, Africa, and India subcontinent, where the price of toluene diisocyanate (TDI) will increase by US$200/tonne, and the price of polyols by US$100/tonne. According to SudhirShenoy, the company's product manager for Europe, the Middle East, Africa and India, the ever-increasing raw material and energy costs have seriously affected the company's profits.
The price increase of BASF’s subsidiary Elastogran isocyanate: On May 18, 2009, BASF’s subsidiary Elastogran, a major supplier of PU raw materials, currently raises the price of MDI and TDI products in Europe. The company stated that due to unsatisfactory earnings growth of basic chemical products, the price increase measures will take effect immediately. “At the same time as the cost of raw materials is high, the prices have dropped sharply and brought about huge losses in profits, so we have to take measures to raise prices.†explained Dr. Uwe Hartwig, president of Elastogran and vice president of BASF's European Polyurethane Group, “The current I don't know if there is a need for further price increases."
Huntsman raises the price of MDI in Europe from July 1st: May 15, 2009 Huntsman's Polyurethanes Division announced that since July 1, 2009, the company will be in charge of all MDI products and MDI-based chemical raw material systems in Europe. The price is raised by 200 EUR/t. For this price increase, Nick Webster, Vice President of Polyurethanes Division of Huntsman said: “In the case of a sharp increase in raw material prices, this price increase is very necessary for the reinvestment economy.â€
From this it can be seen that although the price increase dates are different, the reason is ultimately due to the sharp rise in raw material prices and the increase in energy costs. In 2009, under the influence of the financial crisis, sales performance generally declined, and the weak market led to US polyurethane producers (such as major polyether polyols and isocyanate producers including Dow Chemical, BASF, Bayer, Huntsman, and Shell, etc.) It can be hard to live. On the other hand, the giant chemical speciality and raw material production, Cytec, announced that it will withdraw from the European and Asian polyurethane markets under the influence of the losses in the first quarter. With the increase of interest losses, the price increase will undoubtedly become the last straw for the company.
The domestic polyurethane market has broad prospects. The landscape is unique. Although the polyurethane in the international environment has been in a depressed state and companies are struggling to support losses, it is a development prospect for the domestic polyurethane industry. Broad, landscape is good here!
The first is that the current domestic energy conservation and environmental protection, building energy conservation and other fields are inseparable from the development of polyurethane. At the 2009 European International Polyurethane Exhibition, a large number of new polyurethane products and their application technologies were exhibited. Improvements in various flame-retardant products and their processing technology also have broad application prospects. They can be used in different industries such as automotive, construction and refrigeration. The development of new polyurethane technologies will not only help reduce energy consumption, but also have a huge boost in protecting the sustainable development of the environment!
According to recent news, solar water heaters are a foregone conclusion to the countryside, and the demand for polyurethane rigid foam polymerization MDI and rigid foam polyether (PPG), which is one of the raw materials, is bound to start a new round of growth. The amount of solar energy in the application of urethane rigid foam is not large, but the development speed is very alarming, and there is a very wide potential. The promotion of the “Home Appliances to the Countryside†policy has not only boosted the demand of the relevant manufacturing industries, but has also stimulated the growth of related industry market demand. Therefore, this “solar energy to the countryside†indirectly promotes the growth of the polyurethane market demand, and solar energy will increase in the next few years. It will become a new growth point for polyurethane rigid foam polymerization MDI and rigid foam polyether (PPG) demand. As a heat-insulating material, polyurethane has already formed a large-scale application in solar water heaters, solar heating systems, and solar refrigeration systems.
Not only has the good news recently been reported, Huludao has built a polyurethane industry base in northern China: the world-renowned Singapore Asia Polyurethanes R&D organization has come! Taiwan’s peers also come to the beach... The gloom of the international financial crisis can't stop the bright spring of the Huludao High-tech Zone. It’s just like the rising sun, full of energy! From the extensive production of chemical raw materials to the current deep processing and output of polyurethanes, not only the added value of the products has been greatly increased, but also the environment-friendly introduction of world advanced production technology from a high starting point has effectively overcome the increasingly serious “green trade barriers†in the world. Limits, to win a vast market development space. The "Opinions on Supporting Fujian Province to Accelerate the Construction of the Economic Zone on the Western Coast of the Taiwan Strait" after further amendments may focus on promoting the construction of the petrochemical industry. Docking across the Taiwan Strait will also allow the Quanzhou Polyurethane Industry to develop rapidly! In the petrochemical downstream plastics industry, relying on the production capacity of 800,000 tons of polyethylene, 520,000 tons of polypropylene, and 120,000 tons of polystyrene per year in the Quangang Petrochemical District, the company has taken full advantage of the sound development base of the plastics industry to produce shoes. The matching of plastic materials and products in the fields of clothing, toys, handicrafts and other fields is the focus of docking, and it mainly develops various products matching the footwear and hats, plastic toys, and resin handicrafts. With the cross-strait docking, the development of the polyurethane industry in Quanzhou is believed to be even more ferocious.
Under the favorable situation that domestic polyurethane prices have risen for four consecutive weeks, can domestic polyurethane enterprises maintain their good status and break through the downturn in the polyurethane market, breaking out of the ice in the winter, and blooming beautifully? Can it effectively overcome the more and more serious "green trade barriers" restrictions in the world and win broad market development space? All polyurethane companies will wait and see!
Polyurethane (abbreviated as PU) is a kind of plastic that is widely used in furniture, automobile, construction and other industrial fields. It is an emerging organic polymer material. The main products are soft and hard foam plastics, shoe leather and other elastomers, adhesives, and coatings. , sealant and spandex fiber are among the top five plastics in the world. The polyurethane industry is a sunrise industry. The per capita consumption of developed countries is about 10 times that of the underdeveloped regions. The growth rate of China’s demand is more than 20% every year, and the development and application potential is enormous.
The most widely used on the market today is polyurethane foam. Soft foam plastics are mainly used for furniture and transportation materials such as various mat materials and sound insulation materials; hard foam plastics are mainly used for heat insulation layers of household appliances, wall insulation waterproof spray foam, pipe insulation materials, construction plates, refrigerated trucks and cold storages. Insulation materials, etc.; semi-rigid foam plastics used in automobile dashboards, steering wheels, etc. There are various types of foam plastic materials (two-component premixes) on the market, which are mainly used for (cold cured) high-rebound foams, semi-rigid foams, castings, and sprayed rigid foams.
As for the current polyurethane market situation, it can also be described as the rain on the west side of the sunrise in the east. In terms of the global market environment in a large area, polyurethane is still in a decline stage in 2009, and profit loss is an indisputable fact. However, as far as the current domestic market in China is concerned, polyurethane has a lot to look up. The following Xiao Bian gave you a brief explanation:
Incremental Raw Material Energy Cost Increases Messages Dow Chemicals Announces Price Increases for Polyols and Isocyanates: May 5th, 2009 Dow Chemical (Dow), Inc. announced that it will be effective immediately from date of The prices of polyurethane raw materials for the unit in the Middle East, Africa, and India subcontinent, where the price of toluene diisocyanate (TDI) will increase by US$200/tonne, and the price of polyols by US$100/tonne. According to SudhirShenoy, the company's product manager for Europe, the Middle East, Africa and India, the ever-increasing raw material and energy costs have seriously affected the company's profits.
The price increase of BASF’s subsidiary Elastogran isocyanate: On May 18, 2009, BASF’s subsidiary Elastogran, a major supplier of PU raw materials, currently raises the price of MDI and TDI products in Europe. The company stated that due to unsatisfactory earnings growth of basic chemical products, the price increase measures will take effect immediately. “At the same time as the cost of raw materials is high, the prices have dropped sharply and brought about huge losses in profits, so we have to take measures to raise prices.†explained Dr. Uwe Hartwig, president of Elastogran and vice president of BASF's European Polyurethane Group, “The current I don't know if there is a need for further price increases."
Huntsman raises the price of MDI in Europe from July 1st: May 15, 2009 Huntsman's Polyurethanes Division announced that since July 1, 2009, the company will be in charge of all MDI products and MDI-based chemical raw material systems in Europe. The price is raised by 200 EUR/t. For this price increase, Nick Webster, Vice President of Polyurethanes Division of Huntsman said: “In the case of a sharp increase in raw material prices, this price increase is very necessary for the reinvestment economy.â€
From this it can be seen that although the price increase dates are different, the reason is ultimately due to the sharp rise in raw material prices and the increase in energy costs. In 2009, under the influence of the financial crisis, sales performance generally declined, and the weak market led to US polyurethane producers (such as major polyether polyols and isocyanate producers including Dow Chemical, BASF, Bayer, Huntsman, and Shell, etc.) It can be hard to live. On the other hand, the giant chemical speciality and raw material production, Cytec, announced that it will withdraw from the European and Asian polyurethane markets under the influence of the losses in the first quarter. With the increase of interest losses, the price increase will undoubtedly become the last straw for the company.
The domestic polyurethane market has broad prospects. The landscape is unique. Although the polyurethane in the international environment has been in a depressed state and companies are struggling to support losses, it is a development prospect for the domestic polyurethane industry. Broad, landscape is good here!
The first is that the current domestic energy conservation and environmental protection, building energy conservation and other fields are inseparable from the development of polyurethane. At the 2009 European International Polyurethane Exhibition, a large number of new polyurethane products and their application technologies were exhibited. Improvements in various flame-retardant products and their processing technology also have broad application prospects. They can be used in different industries such as automotive, construction and refrigeration. The development of new polyurethane technologies will not only help reduce energy consumption, but also have a huge boost in protecting the sustainable development of the environment!
According to recent news, solar water heaters are a foregone conclusion to the countryside, and the demand for polyurethane rigid foam polymerization MDI and rigid foam polyether (PPG), which is one of the raw materials, is bound to start a new round of growth. The amount of solar energy in the application of urethane rigid foam is not large, but the development speed is very alarming, and there is a very wide potential. The promotion of the “Home Appliances to the Countryside†policy has not only boosted the demand of the relevant manufacturing industries, but has also stimulated the growth of related industry market demand. Therefore, this “solar energy to the countryside†indirectly promotes the growth of the polyurethane market demand, and solar energy will increase in the next few years. It will become a new growth point for polyurethane rigid foam polymerization MDI and rigid foam polyether (PPG) demand. As a heat-insulating material, polyurethane has already formed a large-scale application in solar water heaters, solar heating systems, and solar refrigeration systems.
Not only has the good news recently been reported, Huludao has built a polyurethane industry base in northern China: the world-renowned Singapore Asia Polyurethanes R&D organization has come! Taiwan’s peers also come to the beach... The gloom of the international financial crisis can't stop the bright spring of the Huludao High-tech Zone. It’s just like the rising sun, full of energy! From the extensive production of chemical raw materials to the current deep processing and output of polyurethanes, not only the added value of the products has been greatly increased, but also the environment-friendly introduction of world advanced production technology from a high starting point has effectively overcome the increasingly serious “green trade barriers†in the world. Limits, to win a vast market development space. The "Opinions on Supporting Fujian Province to Accelerate the Construction of the Economic Zone on the Western Coast of the Taiwan Strait" after further amendments may focus on promoting the construction of the petrochemical industry. Docking across the Taiwan Strait will also allow the Quanzhou Polyurethane Industry to develop rapidly! In the petrochemical downstream plastics industry, relying on the production capacity of 800,000 tons of polyethylene, 520,000 tons of polypropylene, and 120,000 tons of polystyrene per year in the Quangang Petrochemical District, the company has taken full advantage of the sound development base of the plastics industry to produce shoes. The matching of plastic materials and products in the fields of clothing, toys, handicrafts and other fields is the focus of docking, and it mainly develops various products matching the footwear and hats, plastic toys, and resin handicrafts. With the cross-strait docking, the development of the polyurethane industry in Quanzhou is believed to be even more ferocious.
Under the favorable situation that domestic polyurethane prices have risen for four consecutive weeks, can domestic polyurethane enterprises maintain their good status and break through the downturn in the polyurethane market, breaking out of the ice in the winter, and blooming beautifully? Can it effectively overcome the more and more serious "green trade barriers" restrictions in the world and win broad market development space? All polyurethane companies will wait and see!