In 2020, the domestic production capacity of C5 Petroleum Resin will increase by 20000 tons, which are 15000 tons in Henan Zhongtai and 5000 tons in Puyang bandelu, with a total of 515000 tons in China. The increase in production capacity is only 4.04%, while the increase in production value of C5 petroleum Resin is 413000 tons, an increase of 11.49% compared with last year, and the operating rate of C5 petroleum resin will be greatly increased to 80.60%. Among them, the production of C5 petroleum resin for road marking paint was 239200 tons, with an increase of 15.06%; the production of adhesive was 174000 tons, with an increase of 6.95% (excluding the use of tires and other aspects). Therefore, it can be seen that the production of C5 petroleum resin mainly increases in C5 petroleum resin for road marking paint. However, the output difference between C5 petroleum resin for road marking paint and adhesive decreased from 122.66% to 44.25%. Combined with the domestic C5 petroleum resin export for road marking paint and adhesive, the export volume of C5 petroleum resin for adhesive will decrease in 2020, which reflects the obvious growth of domestic demand for C5 petroleum resin for adhesive.
From the perspective of raw material supply, in 2020, the cracking C5 production capacity reached a record high of 2.976 million tons, an increase of 21.29%, an increase of 522 million tons, and the production reached a record high of 2.53 million tons, an increase of 14.31%, an increase of 317 million tons; corresponding to the sharp increase of cracking C5 production, the production of m-pentadiene showed a completely different performance, and the production of pentadiene decreased by 27 thousand tons to 2214 thousand tons, a decrease of 1.2% The apparent consumption was 260700 tons, which was 18000 tons less than that of last year. The corresponding production of C5 petroleum resin decreased, while the production of C5 petroleum resin for adhesive increased by 6.95%. Therefore, the increase of production of C5 petroleum resin for adhesive mainly occurred in mixed C5 petroleum resin.
To sum up, in 2020, the utilization rate of de looping capacity will increase significantly, and the adhesive resin field will be divided into mixed C5 petroleum resin and m-amyl resin, i.e. low-end and high-end fields, in order to meet the growing demand of downstream; the growth of downstream demand is still mainly concentrated in road marking paint, and the demand for adhesives and products has also increased significantly.
