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研判2025!中国液体石蜡行业相关政策、产业链、市场规模、进出口情况及前景展望:下游需求推动市场规模持续增长,国际竞争力仍有提升空间[图]
Chan Ye Xin Xi Wang· 2025-07-10 01:32
Core Viewpoint - The liquid paraffin market in China is expected to grow from approximately 1.834 billion yuan in 2024 to 2.039 billion yuan in 2025, driven by increasing demand in skincare, cosmetics, lubricants, and preservatives, alongside a shift towards greener and more specialized products due to stricter environmental regulations and evolving consumer preferences [1][17]. Industry Overview - Liquid paraffin, also known as white oil, is derived from kerosene or diesel fractions and is characterized by its chemical stability and inertness, making it essential in various applications such as lubricants, cosmetics, pharmaceuticals, and food packaging [3][17]. - The industry is witnessing a transition towards green, high-end, and specialized products, with technological innovations and market demands driving growth [1][17]. Market Size and Growth - The Chinese liquid paraffin market is projected to reach approximately 1.834 billion yuan in 2024, with an expected increase to 2.039 billion yuan in 2025 [1][17]. - The skincare industry is a significant growth driver, with the market size for skincare products in China estimated at around 295.9 billion yuan in 2024, reflecting a year-on-year growth of 5.01% [14]. Import and Export Dynamics - In 2024, China imported 138,000 tons of liquid paraffin and heavy liquid paraffin, marking a year-on-year increase of 32.83%, with an import value of 1 billion yuan, up 23.93% [19]. - Exports of liquid paraffin and heavy liquid paraffin saw a significant decline, with only 750 tons exported in 2024, a drop of 93.12% year-on-year, attributed to weak international demand and increased trade barriers [19]. Industry Policies - The Chinese government is focusing on sustainable development in the paraffin industry, implementing policies to reduce environmental pollution and enhance resource efficiency [8]. - Recent guidelines aim to support the digital transformation of the petrochemical industry, promoting advanced technologies and improving management levels [8]. Industry Chain Structure - The liquid paraffin industry chain consists of upstream raw materials (primarily petroleum), midstream processing (distillation and cracking), and downstream applications in pharmaceuticals, cosmetics, and industrial products [11][13]. Key Companies - Major players in the liquid paraffin market include China Petroleum, China Petrochemical, and various regional refineries such as Fushun Petrochemical and Daqing Petrochemical, which are involved in the production and supply of liquid paraffin [22][24][25][27].
11亿!这家船厂再获液化气船订单
Sou Hu Cai Jing· 2025-05-06 06:17
Core Viewpoint - HD Hyundai Heavy Industries has secured contracts for the construction of two medium-sized LPG/ammonia carriers, indicating a strong demand for this vessel type and the company's competitive position in the market [2][3][4]. Group 1: Contract Details - The contracts involve two medium-sized LPG/ammonia carriers with a total value of 212.2 billion KRW (approximately 153.4 million USD) [2]. - The vessels will be built at HD Hyundai's Ulsan facility and are scheduled for delivery by the end of 2027 [2]. - The unit price for each vessel is 76.7 million USD, which is lower than previous contracts for similar vessels [3]. Group 2: Market Position and Performance - HD Hyundai Heavy Industries has secured a total of 51 new ship orders worth 6.31 billion USD in 2023, achieving 35% of its annual target of 18.05 billion USD [3][5]. - The company leads the global market in the construction of medium-sized LPG/ammonia carriers, with a significant share of the new orders [4]. - The company’s profitability is under pressure, with operating profits significantly lower than its sister companies, indicating a need for increased order volume and efficiency [5]. Group 3: Industry Outlook - The global demand for LPG is expected to grow, driven by the transition to cleaner energy sources and environmental regulations [4]. - The aging fleet of medium-sized LPG/ammonia carriers presents an opportunity for new orders, as 35% of the fleet will be over 15 years old by 2024 [4]. - The trend of increasing orders for medium-sized LPG/ammonia carriers is anticipated to continue, benefiting HD Hyundai Heavy Industries [5].