There is no market ?PA6 high upside resistance!Sinopec signed an agreement with Shenma Group!

Mondo Finance Updated on 2024-01-30

News**: Inner Mongolia Chemical Industry, Luoyang Release, Chemical New Materials Nylon 66 Project is the focus of attention in the field of new chemical materials in the world. The product project is a "shortcoming" project supported by the national industrial policy and the "14th Five-Year Plan", and its construction and development are sought after by capital and are popular. It is understood that recently,Two nylon 66 projects are being added at the Shanghai Chemical Park and the Gulei Petrochemical Base in Zhangzhou, Fujian ProvinceMove forward quickly and make positive progress. Shanghai project

A few days ago, Shanghai Jieda Nylon Materials and Henan Pingmei Shenma Nylon Engineering Technology Co., Ltd. Hualu Engineering Technology Co., Ltd. jointly signed the "Shanghai Jieda 120,000 tons of hexamethylenediamine project technology license and tripartite cooperation agreement". So far, the process technology used in the "Shanghai Jieda Nylon 66 Integration Project" invested and constructed by Jieda in Shanghai Chemical Park has been determined. The construction site of the project is located in Lot B4-6 of the Shanghai Chemical Park, adjacent to INVISTA's integrated nylon site. The production capacity is 120,000 tons of hexamethylenediamine, 120,000 tons of nylon 66 and nylon 610 612 resin chips, 50,000 tons of nylon 66 nylon 610 nylon 612 modified resin chips, and the planned production date is 2025. At that time, Shanghai Jieda will achieve an annual production capacity of more than 200,000 tons of nylon 66, special nylon, modified plastics, etc., becoming the largest private manufacturer of nylon 66 in China and the most important participant in downstream application expansion. Relevant sources disclosed that according to the plan,INVISTA's Shanghai project will have an adiponitrile production capacity of 470,000 metric tons per year, while the hexamethylenediamine production capacity will be only 320,000 tons, leaving a surplus of about 150,000 tons per annum of adiponitrile production capacity. And due to the limitations of the technical route, INVISTA cannot digest it on its own. According to the cooperation agreement between Shanghai Jieda and Shanghai INVISTA, Shanghai INVISTA will supply surplus adiponitrile to Jieda through the pipe gallery, and after Jieda completes the park with an annual production capacity of 120,000 tons of hexamethylenediamine, it will basically achieve a balance with INVISTA's adiponitrile production capacity and realize supporting digestion in the Shanghai park. Fujian project

Recently, the review meeting of the feasibility study report of Funenghua nylon 66 series project was successfully held in Tianchen Company. The expert group focused on the necessity of construction, product scheme, technical feasibility, raw materials, construction conditions and other contents were carefully discussed and commented to make a conclusion, the content and depth of the project feasibility study report document basically meet the relevant requirements of the "chemical investment project feasibility study report preparation method", the overall layout of the device and the setting of public and auxiliary facilities are basically reasonable. According to public information, the total investment of the Fujian project is 83600 million yuan, the construction site is located in Zhangzhou Gulei Petrochemical Base, covering an area of 74084845m2, with a planned construction period from December 2022 to December 2025. The production scale includes 200,000 tons of hexamethylenediamine, 300,000 tons of adipic acid and 400,000 tons of nylon 66, and the main production equipment includes nitric acid plant, cyclohexanol plant, adipic acid plant, hexamethylenediamine plant, methylpentanediamine plant, nylon 66 unit, etc.

In recent years, domestic enterprises have accelerated the construction of adiponitrile projects, and adiponitrile technology research and development and project investment have become popular. In particular, a major breakthrough has been made in the localization of adiponitrile in China, which has greatly stimulated the acceleration of adiponitrile and hexamethylenediamine projects. At the same time, in the context of the localization of adiponitrile raw materials, the domestic nylon 66 industry ushered in a peak of investment.

However, it is worth noting that at the moment,Nylon 66 has entered a state of meager profits, and the market is under increasing pressureIn the future, the market may be good for a certain set of equipment not put into production as scheduled or accidents and other factors brought about by the short-term**, the era of high profits of nylon 66 has become a thing of the past.

As the number one giant of nylon 66, there has been a big move recently!

On December 22, China Petroleum & Chemical Co., Ltd. and Henan Shenma Guoxing Industrial Investment signed an investment cooperation agreement, and the two parties will jointly invest in the establishment of a joint venture company to jointly build a million tons of ethylene project of Luoyang Petrochemical to build a first-class domestic first-classGreen petrochemical advanced materialsIndustrial base.

Henan Shenma Guoxing Industrial Investment is formed by Pingmei Shenma Group, Luoyang Guohong Group and Luoyang Longxing Company.

Jiang Ling, Secretary of the Luoyang Municipal Party Committee, said that the construction of Luoyang Petrochemical Million Ton Ethylene Project is of great significance for driving the transformation and upgrading of the petrochemical industry in Luoyang and even Henan Province, and promoting Luoyang to build a modern industrial system.

The introduction of China Pingmei Shenma Group and other market players to jointly build the Luoyang Petrochemical million ton ethylene project with Sinopec is not only an effective exploration of deepening the reform of the investment systemIt will also help to promote the deepening of cooperation between local enterprises and accelerate the construction of Luoyang Petrochemical million tons of ethylene project.

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