LPG is liquefied petroleum gas, which belongs to the oil sector. The trend fluctuates with oil, but the trend has its own character. It often moves according to its own market, and there are relatively few short jumps, unlike asphalt, which is constantly moving. Follow the oil gap.

So there won’t be much problem if you look at the band and midline of this trend. The recent rebound in oil has been very large. The overall rebound in the oil sector has been very large. The weighted trend of crude oil has increased from 12 From the bottom to the highest on December 2, the increase was 15%, fuel-weighted trend, and from the bottom to the highest on December 2, the increase was 17%.

The sector’s own profitability:

Wanhua’s petrochemical sector has already put into production the first phase of the C3/C4 industrial chain, starting from propane dehydrogenation to propylene. Wanhua uses PDH equipment.

The raw materials and products are simple, and the required equipment investment is low. The raw material propane is in sufficient supply and is cheap and easy to obtain. Looking at the extended period, the propane-propylene price difference has remained at US$300/ton for a long time, and the profit is relatively good.

The second phase of the C2 large ethylene industrial chain is about to be put into operation. The route chosen by Wanhua is light hydrocarbon cracking. The raw materials are mainly propane and a small amount of ethane, the first-phase petrochemical product. The advantages are low cost, rich propane cracking route products, and effective synergy with the polyurethane segment. It is expected that after it is fully put into production, it can increase average annual profits by 2 billion.