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"Thad" arrives at the impact geometry of the Korean ethylene glycol market

"thad" arrives at the impact geometry of the Korean ethylene glycol market

march 15, 2017

[China paint information]

Yonhap reported on March 7 that the "thad" launcher and some equipment arrived at the Wushan Air Force Base in South Korea on the 6th, and South Korea and the United States began to deploy the "thad" system in South Korea. Recently, activities such as boycotting Lotte and Korean goods have become more and more popular in various places. What impact will it bring to China's highly dependent on Imported Ethylene Glycol? This is mainly because customers do not know clearly about fixture materials when selecting them

first of all, let's take a look at the status of ethylene glycol plants in Korea in the world. At present, the capacity of ethylene glycol in Korea has reached 1.48 million tons, accounting for 4.25%. Among them, 1.05 million tons belong to Lotte Group, and Lotte Group in South Korea accounts for a huge share. With the continuous fermentation of the event, the import of ethylene glycol in South Korea may be greatly reduced

2016 domestic MEG imports were analyzed according to their sources

secondly, China has a high dependence on ethylene glycol imports. The data show that the dependence on ethylene glycol imports reached 60% in 2016. In 2016, the import volume of ethylene glycol reached 7.5728 million tons, including 488700 tons imported from South Korea. Although South Korea ranks the fourth among the countries of import source, the amount of improvement on the original stretching device and its clamp is very limited in terms of import volume, only 6.45%, and the overall impact on China is limited

I hope it can help the majority of users. Indeed, the deployment of THAAD in South Korea will certainly affect the trade between China and South Korea, and will certainly affect the import of ethylene glycol. However, in recent years, China's coal based ethylene glycol has developed rapidly, and China's dependence on foreign ethylene glycol has decreased year by year. The reduction of South Korea's import volume has a very limited impact on the deepening of China's environmental protection concept and the ethylene glycol market. From another perspective, the polyester industry in South Korea has limited production capacity, and the ethylene glycol in South Korea is more dependent on exports. From a global perspective, the world's ethylene glycol is in a situation of oversupply. With the continuous fermentation of the event, the damage to South Korea may be greater from the Perspective of ethylene glycol

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