A List of the Events of Coal Chemical Industry in Late September

On September 28, Donghua project started with a total of 1.367 billion yuan of coal-covered chemical engineering project. Huaibei City of Anhui Province carried out the centralized start-up of the "Six Steady" major project and the start-up ceremony of the comprehensive utilization project of coke oven gas in Huaibei Mining Industry started smoothly in the plant area.

This commencement ceremony was successfully launched one month after the signing of EPC general contract by Donghua Engineering Science and Technology Co., Ltd., marking a substantive step of the project. On August 27, Donghua Engineering Science and Technology Co., Ltd. and Anhui Carbon Xin Science and Technology Co., Ltd. signed the EPC project general contract for comprehensive utilization of coke oven gas, with a contract value of 1.367 billion yuan. The contract scope covers the EPC general contract of the whole process including 2000 tons/day pulverized coal gasification plant, 500,000 tons/year methanol synthesis plant and related auxiliary facilities.

Datang coal chemical industry debt restructuring has achieved significant results

Under the concern of the State Council, with the vigorous coordination and support of the State Council and the Banking and Insurance Regulatory Commission, after two years and three months of hard negotiations, Tang coal chemical industry debt restructuring achieved significant results on September 20, 2019. Successful conclusion.

Methanol

Statistical Bureau: In late September, the price of methanol rose by 5.7%

According to the latest data of the National Bureau of Statistics. In late September 2019, driven by the sharp rise in international crude oil prices, the prices of methanol, polyethylene and polypropylene rose by 5.4%, 4.8% and 2.3% respectively.

Specifically, in late September, the price of methanol (high-quality goods) was 217.3 CNY/ton, up 116.6 CNY/ton in ten-year period, up 5.7%; the price of polyethylene (LLDPE, 7042) was 7748.5 CNY/ton, up 28.1 CNY/ton in ten-year period, up 0.4%; the price of polypropylene (T30S) was 9119.7 CNY/ton, up 65.6 CNY/ton in ten-year period, up 0.7%.

Analysis of China's methanol import and export market in August

Customs data show that in August 2019, China's methanol import volume increased by 10.731 million tons, 10.33% annually, and 50.08% year-on-year. From January to August, total methanol imports totaled 6.69.43 million tons, an increase of 35.84% over the same period last year, accounting for 90.11% of China's total methanol imports (7.429 million tons). On the export side, China's methanol export volume in August was 0.124 million tons, a decrease of 19,900 tons, a decrease of 90.53%, and a decrease of 97.24% over the same period of last year. From January to August, methanol exports totaled 151,600 tons, accounting for 47.88% of China's total methanol exports (316,600 tons) last year. On September 25, Shaanxi Weihe Binzhou Chemical Industry Co., Ltd. of Shaanxi Weihua Group Co., Ltd. (300,000 tons/year) capped the 180-meter thermal power plant boiler chimney, which opened the acceleration of project construction in an all-round way and added luster to the coming 70th birthday of the motherland.

Shaanxi Weihe Binzhou Chemical Industry Co., Ltd. of Shaanxi Weihe Coal Chemical Industry Group is located in the modern coal chemical industry park of Binxian New Minyuan, covering an area of 600,000 square meters. In April 2016, Shaanxi Weihe Binzhou Chemical Co., Ltd. signed the CTEG technology licensing contract and engineering design contract for 300,000 tons/year coal-to-ethylene glycol project with Gaocheng and Donghua projects. The original owner of the project is Shaanxi Binchang Mining Group Co., Ltd. On November 19, 2014, the 300,000 tons coal-to-ethylene glycol project of Binchang Mining Group was officially transferred to Shaanxi Weihe Coal Chemical Group Co., Ltd. On September 21, 2019, the raw material storage and preparation framework of the gasification project in the project process unit area successfully completed the top concrete placement.

Shanxi Hejin Sunshine Coking Group plans to produce 500,000 tons of ethylene glycol co-production ammonia by using 150,000 m3/h coke oven gas of existing 5 million tons/year coking plant. Donghua Science and Technology is the technical scheme of this project. On September 28, Wu Guangmei, Secretary of the Party Committee and Chairman of Donghua Engineering Technology Co., Ltd., Vice General Manager and Chief Engineer, Wu Yuefeng, and President of Gaocheng Co., Ltd. visited Shanxi Hejin Sunshine Coking Group Co., Ltd. together with Xue Yimin, Chairman of the company, and participated in the technical exchange of the comprehensive utilization project of coke oven gas.

How will the future "plot" of coal-to-olefin develop? Recently, China Shenhua Energy Co., Ltd., China Coal Energy Co., Ltd. and Ningxia Baofeng Energy Group Co., Ltd. released their semi-annual reports for 2019 respectively. In the mid-low oil price environment in the first half of 2019, coal-based olefins showed strong competitiveness! The production and operation data of several major companies are as follows:

Ningxia Baofeng 600,000 tons/year coal (coke oven gas) olefin production project: As a leading private coal-to-olefin enterprise, Baofeng Energy released its first semi-annual report this year, and delivered gratifying results. The data show that the production of polyethylene (PE) and polypropylene (PP) in the first half of the 600,000 tons/year coke oven gas olefin production project in Baofeng, Ningxia is 1811,000 tons and 165,400 tons respectively, totaling 346,500 tons, with an average operating load of 115.5%. The sales revenue of the project is 2.623 billion yuan. The net profit of the project attributed to the shareholders of the company is about 900 million yuan, and the profit of converted olefins reaches 2600 yuan.