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Keywords: SEBS capacity, output, demand, import, export, review and forecast of China and the worldwide, involving Sinopec Baling Company, Ningbo Keyuan Petrochemical, Ningbo Oretel Polymer, Huizhou LCY Elastomers, TSRC (Nantong) Chemical Industrial, and other SEBS participating enterprises.
Introduction:
Intro:
Concepts of the environmental protection and health care have been widely accepted by the social public in China, bringing new opportunities to the TPE industry. Therefore, the downstream demand for the SEBS will be strong. The SEBS market blooms in 2016, but the operating rate and output of units at private enterprises sharply dropped. Sinopec Baling Company focuses on exporting, and the domestic supply remains tight in the whole 2016, stimulating prices to soar. In 2017, the newly-added SEBS unit at Huizhou LCY Elastomers will be put into operation, and units at private enterprises that are shut previously will also resume operations gradually. The supply pattern is changing, and the impact will be significant.
China's SEBS market supply was tight in the whole 2016. The domestic SEBS output was at 78kt, mainly contributed by Sinopec Baling Company and TSRC (Nantong) Chemical Industrial. The other two units at private enterprises remained low operating rates, especially the unit at Ningbo Oretel Polymer remained halted for the whole 2016. Although some cargoes were imported from LCY Group, the market supply in China shrunk due to the massive export at Sinopec Baling Company, and the tight situation in supply dominated the market in 2016.
As of the end of 2016, there were four SEBS enterprises in China, and the annual capacity reached 115kt/a. There was no newly-added unit in 2016. The operating rate at private enterprises was low. China's SEBS output was 78kt in 2016. The output was up 4.8kt from 2015, and the import volume was up 1kt from 2015.
What happened in China's SEBS industry? And what will it be in the future? You will find the answer in this report.