This first half year of petroleum resin

International crude oil prices present a upward trend this first half of the year. Nearly 90% of the rebound in crude oil prices led the rise in petroleum resin raw materials. Mainstream price of C5 petroleum resin 5# is 9000~9300 Yuan/ton, and C9 petroleum resin 11# price is 4300~4500 Yuan/ton. Due to insufficient demand of domestic, but the export is well. Petroleum resin is a pillar industry of China's national economy. China has established a relatively complete system of petroleum resin industry after half a century's development, industrial scale ranks among the world's Petro-powers, becoming an important part of comprehensive national strength and international competitiveness.

Slow development of the world economy, but infrastructure in emerging economies is essential, as a result, future development of petroleum resins industry is expected to rise, China's petroleum resins total exports will remain to a higher level in 2016. In March, exports of petroleum resin is about 16000 tons. In April, the exports of petroleum resin is about 16000 tons, this is higher than the level in the same period in previous years. From the exports of petroleum resins in China in recent years, exports of petroleum resins increase every year since 2010. Compared with growing exports, imports of petroleum resins in China has been declining in recent years.

Main reason is the resins industry is developing rapidly in China, rapid expansion of production capacity, and gradually reducing dependence on foreign.
C9 petroleum resin is the main petroleum resin production in China, accounted for 70% of the total production capacity, and C5 petroleum resin accounted for 30%. C9 petroleum resin is the main product of petroleum resin production, it mainly used in adhesives, paint and ink industry. In 2010, China's petroleum resin production capacity of 480,000 t/a. At present, there are more than 30 main enterprises of carbon five petroleum resin.

The rapid development of China's petroleum resin industry greatly promote the development of related industries, such as automobiles, defense, aviation, aerospace, this meets the needs of economic development and improving people's living standards. Today, green and low-carbon development has become the trend in the international. The Chinese Government attaches great importance to ecological civilization construction, amendments and introduce stricter environmental protection laws, the requirements to pollution and carbon emission standards have become more stringent. These are closely related with petroleum resin industry, as well as it will have a significant impact on industrial development and challenges. Read more here!