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Intense competition in the industry, high-grade white oil market attracts attention

2020-07-21 17:23:42

  Introduction: Recently, Taizhou Petrochemical Haijiang HJP food-grade white oil has been certified by the US FDA, which marks that Haijiang lubricants have entered the food field, and will bring customers a new series of high-quality products and more comprehensive and meticulous services.

  In China, white oil is mainly divided into five categories: crude white oil, industrial white oil, food-grade white oil, cosmetic-grade white oil and pharmaceutical-grade white oil. The latter three are collectively referred to as high-grade white oil. Due to the influence of consumption tax, there is not much crude white oil circulating in the market at present, so industrial white oil is the main product circulating in the market.

Proportion of domestic white oil products

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  However, since there is no consumption tax for white oil products, new domestic installations have been put into operation since 2017. At present, industrial white oil is in a situation of oversupply and competition is fierce. However, due to the limitations of its production, there are not many domestic manufacturers that can actually produce high-grade white oil. However, due to its high profit and the gradual increase in market demand, it has attracted great attention from refineries.

  Longzhong learned that the current domestic high-end white oil manufacturers are mainly concentrated in the eastern coastal market. The 50,000-ton food-grade white oil plant of Hebei Feitian Petrochemical has been producing products normally, and the food-grade white oil in Taizhou has obtained FDA certification. At present, the progress of civil engineering has been completed by 95%, the installation of equipment has been completed by 90%, and the installation of process pipelines has also been completed by 60%. It is now entering the critical stage of post-installation of process pipelines and construction of electrical instruments. The domestic high-end white oil market has further expanded.

  At present, the market gap of high-grade white oil in China is about 350,000 tons, and high-grade white oil still needs to rely on imports. Upgrading the production process of industrial white oil and developing high-grade white oil projects will effectively alleviate the dilemma of China's large-scale import of high-grade white oil. The development of domestic white oil industry will play a positive role in promoting.