"Unsaturated polyester resin market prices have been steadily rising, demand is large. The current market price has reached 11,800 yuan (t price, the same below), the market is optimistic." China's largest unsaturated polyester resin manufacturer, a sales manager of Changzhou Yabang Chemical Co., Ltd., told reporters in a telephone interview.
The market conditions on December 13 also confirmed the words of the sales manager. Quotes of the day: mainstream quotes in East China were 191 # 11000 ~ 11800 yuan, 196 # 11400 ~ 12000 yuan; mainstream quotes in North China 191 # 10200 ~ 11000 yuan, 196 # 11000 ~ 11200 yuan; South China mainstream quote 191 # 11500 ~ 11700 yuan, 196 # 13100 ~ 13900 yuan. This price rose by about 35% from 8,000 to 8,500 yuan in June of this year.
At present, the unsaturated resin market is good except that international crude oil prices have soared to a two-year high, and the “diesel shortage” has recently increased transportation costs. The most important reason is that the downstream market has been driven by strong demand.
Wei Zhihua, an engineer of the consulting department of China National Chemical Information Center, told reporters that the reason why the market price of unsaturated polyester resin in China has been rising steadily is mainly due to the rapid growth of downstream demand. First, the market for FRP composite materials is positive. Unsaturated polyester resin is the most basic resin used in the production of glass fiber reinforced materials. It is widely used in many composite materials such as construction, corrosion protection, automobiles, and electronic appliances. With the continuous improvement of the domestic FRP composite industry, the market for unsaturated resin has been rising sharply. The second is the rapid development of cast resin. With the overseas market for cast-type resin handicrafts slack, the products have turned to the domestic construction and decoration market, and a large number of handicrafts and sculptures have entered the buildings and high-end shopping malls. The improvement of cast-type artificial stone technology has moved from a wide range of large-scale table panels to mechanized molding of artificial marble and artificial quartz stone panels, and is widely used in wall decoration materials and floor materials.
According to Wei Zhihua, China has become a major consumer of unsaturated polyester resins. In 2009, the total consumption was 1.55 million tons, of which the largest consumer area was glass fiber reinforced plastics. This area consumes about 900,000 tons, which accounts for 58% of the total consumption. It is mainly used for winding shaped pipes and cans and pultruded products. , hand-laid glass fiber products, etc.; followed by the casting field, consumption of about 440,000 tons, accounting for 28% of the total consumption, mainly used for artificial stone, handicrafts, buttons, etc.; again in the field of coating, consumption 160,000 tons, accounting for about 10% of the total consumption, is mainly used for paint, putty, anti-corrosion floor and so on.
According to statistics, in the past five years, China's unsaturated polyester resin consumption has increased at an annual rate of about 20%. Experts predict that in the next two years, the annual growth rate of unsaturated polyester resin in China is expected to be 10% to 15%, and then may drop to about 10%. Although decorative casting is currently a major use of unsaturated polyester resins, there will be a greater increase in the application of FRP composites, especially in the fields of construction and infrastructure applications.
Due to the strong demand for downstream products, the domestic unsaturated polyester resin industry has developed rapidly.
According to report, at present, there are more than 21 domestic production enterprises with production capacities of over 30,000 tons, of which Jiangsu Changzhou Yabang Chemical Co., Ltd. and Guangdong Panyu Huaxun Industrial Co., Ltd. have a capacity of more than 200,000 tons. The number of companies with production capacities exceeding 100,000 tons has reached five, and there are more than 160 manufacturers, large and small. These enterprises are mainly concentrated in the Yangtze River Delta, the Pearl River Delta, and the Bohai Rim region, and basically form a diversified industrial cluster of high, medium, and low grades composed of state-owned enterprises, foreign-funded enterprises, and private enterprises.
In recent years, affected by the buoyant domestic and foreign markets of downstream products, the output of unsaturated polyester resin in China has grown rapidly. In 2009, the domestic unsaturated resin production capacity has reached 2.6 million tons, and the actual output is 1.53 million tons. In recent years, large-scale ethylene engineering and chemical industrial bases have been built in northwest and northeast China. With the availability of unsaturated polyester resin raw materials in these areas, it is expected that a large number of unsaturated polyester resin companies will also emerge in the Northeast, Xinjiang, Chengyu and Huazhong. In addition, as many foreign companies have entered the domestic market one after another, competition in high-end areas has also promoted the improvement of the overall level of the domestic unsaturated polyester resin industry. With the further intensification of market competition, it is expected that in the next few years, unsaturated polyester resin enterprises in the coastal areas of China will have a pattern of re-integration and reshuffling, and products will also develop to high-grade varieties, and some companies lacking technology platforms will be eliminated by the market. Viable companies will transition to large-scale, specialized and intensified.
“China is the fastest growing country in the world economy and the largest composite material market in the world. In the future, the domestic unsaturated polyester resin industry still has a lot of room for development,” Wei Zhihua said.

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