The comprehensive utilization of C9 petroleum resin has broad prospects, and the production capacity continues to expand

In the paper industry, C9 petroleum resin as a substitute for rosin resin has attracted more and more attention from the market; in the printing ink industry, using C9 petroleum resin to replace the calcium-based rosin in the original formulation has also achieved good results. The utilization of C9 petroleum resin is becoming more and more diversified. Cold polymerization, thermal polymerization, copolymerization, and hydrogenation resins provide various choices for downstream demand.

Petroleum resin

In recent years, my country's C9 petroleum resin production capacity has also been continuously expanding and has reached a pattern of surplus. According to statistics from Zhongyu Information, as of the end of 2015, my country's C9 petroleum resin production capacity was about 600,000 tons, and the actual output was 250,000 tons. C9 petroleum resin has a serious overcapacity, and the plant operating rate is less than half.

As a substitute for rosin resin, it has attracted more and more attention from the market; in the printing ink industry, the use of C9 petroleum resin to replace the calcium-based rosin in the original formulation has also achieved good results; in addition, the main user of petroleum resin in the coating industry Approximately half of the C9 petroleum resin output is used in a year. The utilization rate of domestic C9 petroleum resin is amazing, and it has penetrated into all aspects of life. It has made great contributions to the development of my country's coatings industry.

Petroleum resin

In recent years, it has been discovered that dicyclopentadiene (CPD) and methylcyclopentadiene (MCPD) dimers in C9 cannot be effectively used, resulting in a waste of resources. Since dicyclopentadiene is mainly used to make medicines, pesticides, and resin products; methyldicyclopentadiene is mainly used as a raw material for the production of high-energy rocket fuel, plasticizer and curing agent, which is of great use to humans.

The prospect of comprehensive utilization of C9 petroleum resin is broad.

Petroleum resin exports in October 2015 increased month-on-month. The main reasons are: 1. With the decrease in weather and temperature, the domestic petroleum resin market has entered the traditional off-season for consumption. Therefore, as domestic demand decreases, manufacturers mostly reduce export pressure by increasing exports; 2. The price of raw material cracking C5 dropped during the month, and the downstream receiving slowed down, the demand for petroleum resin was insufficient, and the turnover of manufacturers continued to decline. Therefore, the relatively low price is also a major advantage for exports. Third, the decline in the exchange rate of Renminbi to Euro is conducive to the export of domestic resources.

Looking at the market outlook, winter is the traditional low season for consumption in the domestic petroleum resin market. In addition, under the sluggish economic situation, there are more terminal and downstream shutdowns. Therefore, the market mostly reduces inventory pressure through exports. Therefore, the petroleum resin market export volume will continue to rise by the end of the year, and raw materials will crack The decline in C5 prices is also a positive factor; as the terminal and downstream stoppages are larger, the domestic petroleum resin resource demand will increase and shrink, so the import volume may continue to fall.