丙烯上市系列报告（一）：扩产高峰将过，景气度修复尚需时日

目录1、丙烯品种简介................................................................................................................................................................51.1、理化性质.....................................................................................................................................................................51.2、产业链简介.................................................................................................................................................................52、丙烯供给端概况............................................................................................................................................................62.1、生产工艺.....................................................................................................................................................................62.1.1、蒸汽裂解..................................................................................................................................................................62.1.2、催化裂化..................................................................................................................................................................82.1.3、丙烷脱氢（PDH）.................................................................................................................................................102.1.4、甲醇制烯烃（MTO）.............................................................................................................................................112.2、全球供给...................................................................................................................................................................132.3、国内供给...................................................................................................................................................................163、丙烯需求端概况...........................................................................................................................................................193.1、全球需求...................................................................................................................................................................193.2、国内需求...................................................................................................................................................................203.2.1、聚丙烯....................................................................................................................................................................203.2.2、环氧丙烷................................................................................................................................................................233.2.3、丙烯腈....................................................................................................................................................................253.2.4、丙酮........................................................................................................................................................................263.2.5、丁辛醇....................................................................................................................................................................273.2.6、丙烯酸....................................................................................................................................................................283.2.7、环氧氯丙烷............................................................................................................................................................293.2.8、异丙醇....................................................................................................................................................................314、总结与展望..................................................................................................................................................................31 2期货研究报告 图表目录图表1：丙烯产业链.....................................................................................................................................................................6图表2：2009年国内丙烯生产工艺占比........................................................................................................................................7图表3：管式裂解炉生产基本流程................................................................................................................................................7图表4：不同蒸汽裂解原料的典型收率........................................................................................................................................8图表5：催化裂化装置工艺流程...................................................................................................................................................9图表6：FCC和DCC的特征对比.................................................................................................................................................9图表7：PDH装置工艺流程（以Oleflex为例）.............................................