隆华新材聚醚多元醇扩建项目投产

Company Highlights - Longhua New Materials announced the completion and production of a 150 million yuan (approximately 21.5 million USD) expansion project for 330,000 tons/year of polyether polyols, increasing total production capacity to 1.29 million tons/year [1] - The new project focuses on high-activity soft foam polyether polyols and CASE (Coatings, Adhesives, Sealants, and Elastomers) polyether polyols, which are used in automotive interiors, thermal insulation materials for footwear, adhesives, and foams [1] - Longhua has established stable partnerships with several well-known automotive manufacturers and component suppliers, aligning its capacity expansion with the growing demand in the new energy vehicle sector [1] Industry Context - The capacity expansion by Longhua coincides with a structural adjustment period in the polyether polyols industry, where market concentration has been increasing [1] - The top five companies in the domestic polyether polyols market hold a significant market share, with leading firms benefiting from integrated upstream propylene oxide supply advantages [1] - Cost pressures from raw materials are gradually easing, as the market price of propylene oxide, a core raw material for polyether production, has shown a year-on-year decline, and ethylene oxide prices are also decreasing due to ample ethylene supply, providing cost support for new capacity [1]