|Title:||China adipic acid production, imports, exports, and consumption with consumption growth rate percentages for 2006 to 2010|
|Source:||China Chemical Reporter|
Start of full article - but without data
Output and consumption of adipic acid in China
(thousand tons, %)
Year Output Imports Exports Apparent Apparent consumption consumption YOY growth
2006 XXX XXX.X X.X XXX - 2007 XXX XXX X XXX XX 2008 XXX XXX X XXX X 2009 XXX XX X XXX XX 2010 XXX XX XX XXX XX
With the extension of applications and growing demand, adipic acid has seen that its price and production capacity have grown XXX% and XXX% respectively in China, from the end of 2008 till now. Currently, though the adipic acid market still looks promising, its overcapacity will be inevitable with the gradual operations of new capacity.
X. Overview of the global adipic acid market
Globally, adipic acid plants are mainly located in North America, Western Europe, Central and Eastern Europe and Asia. The capacity of adipic acid in Asia has developed rapidly in recent years. The global new capacity of adipic acid mainly comes from Mainland China. In North America and Western Europe, due to the slow development of downstream products and environmental issues, many adipic acid plants have shut down, and there are few new or expanded projects. INVISTA used to be the world's largest producer of adipic acid. In 2009, after it shut down its adipic acid plants in the UK (XXX XXX t/a), Canada (XXX XXX t/a), the USA's Texas (XXX XXX t/a) and Singapore (XXX XXX t/a), its adipic acid capacity dropped from X.XXX million t/a in 2008 to currently XXX XXX t/a. This has changed the world's supply pattern of adipic acid. In addition, in June 2009, SK Investment Limited successfully acquired Solutia's integrated nylon business, including a XXX XXX t/a adipic acid unit.
In 2008, the global adipic acid capacity reached a record high - X.XX million t/a. In 2009, affected by the global economic crisis, many adipic acid plants were shut down, and the global adipic acid capacity plummeted to about X.X million t/a. In 2010, the world's total adipic acid capacity was about X.XX million t/a. In the next few years, China will build several adipic acid plants, and the world's capacity is expected to reach X. X million t/a by 2015. The capacity of major global adipic acid producers in 2010 is listed in Table X.
Table X Major global adipic acid producers in 2010 (thousand t/a)
Rhodia XXX SK XXX INVISTA XXX BASF XXX Radici Group XXX Asahi Kasei XXX LANXESS XX Total XXXX
Currently, adipic acid is mainly used to produce nylon XX fibers and engineering plastics, polyester polyols, plasticizers and adipic acid esters. In 2010, the world's adipic acid consumption was about X.XX million tons, mainly for making nylon XX salts, polyurethane resins and plasticizers. Nylon XX salt production consumed about X. XX million tons of adipic acid, accounting for XX% of the total consumption, polyurethane resins consumed about XXX XXX tons, accounting for XX% of the total, and plasticizers consumed about XXX XXX tons, accounting for X% of the total, and other areas accounted for X% of the total.
X. Price and capacity of adipic acid surge in China
In recent years, adipic acid prices in China have climbed from RMBX XXX /t in the end of 2008 to RMBXX XXX /t now, increasing by XXX% within two years, and ranking first among organic chemical raw materials in this aspect.
From 2006 to 2010, with the growing demand in the downstream market, China's demand for adipic acid increased by XXX%. Due to the implementation of China's antidumping measures against Korea, the European and the USA in 2009, adipic acid imports declined sharply. In addition, the production capacity of adipic acid in China in 2008 and 2009 was relatively small. As a result, the market supply of adipic acid fell short in the country, driving adipic acid prices there to have climbed from RMBX XXX /t in the end of 2008 to RMBXX XXX /t now, increasing by XXX%. The surging market price triggers a construction wave of adipic acid projects in the nation. At the same time, the mature production technology and the adequate supply of key raw materials - nitric acid and cyclohexanone, have also promoted the rapid increase of the nation's adipic acid capacity. The country's adipic acid capacity was about XXX XXX t/a in 2008 and reached about XXX XXX t/a by the end of 2010, growing XXX% (see Table X).
Table X Major adipic acid producers in China in 2010 (thousand t/a,
Company Capacity Output Remarks
Liaoyang Petrochemical Fiber XXX XXX Product sold to the Corporation market
Shandong Haili Chemical Co Ltd XXX XXX Product sold to the market
Shandong Hongye Chemical Group XXX XXX Product sold to the market
Henan Shenma Nylon Chemical Co XXX XX for own use Ltd
Xinjiang Tianli Hi-tech Co Ltd XX XX Product sold to the market
Total XXX XXX
Currently, there are still a large number of adipic acid projects under construction, such as in Shandong Haili Chemical Co Ltd's XX XXX t/a unit, Shandong Hongye Chemical Group's X XXX t/a unit, Henan Shenma Nylon Chemical Co Ltd's XX XXX t/a unit and Xinjiang Tianli High-tech Co Ltd's XX XXX t/a unit (see Table X). It is expected that in 2011, China's adipic acid capacity will reach X.XXX million t/a, up XX% year on year. After all the projects that are now under construction are put into production, the country's adipic acid capacity will reach X.X million t/a.
Table X Adipic acid projects under construction in China (thousand t/a)
Company New capacity Added Remarks under capacity construction in 2011
Shandong Haili Chemical Co Ltd XXX XX Product sold to the market
Shandong Hualu Hengsheng XXX XX Product sold Chemical Co Ltd to the market
Huafeng Chemical Group XXX - Product sold to the market
Shanxi Fengxi Chemical Group XX XX Product sold to the market
Henan Shenma Nylon Chemical Co XX XX for own use Ltd
Xinjiang Tianli Hi-tech Co Ltd XX - Product sold to the market
Shandong Hongye Chemical Group XXX - Product sold to the market
Kailuan Coal Chemical Company XXX - Product sold to the market
Total XXX XXX
In 2010, China had an actual adipic acid output of about XXX XXX tons, an import volume of XX XXX tons, an export volume of XX XXX tons and an apparent consumption of XXX XXX tons. The output and consumption of adipic acid in China in recent years are listed in Table X.