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PUdaily, Shanghai-- In recent years, the growth of adipic acid capacity in China has been faster than that of downstream demand, resulting in fierce competition among the suppliers. In 2016, Henan Shenma and Shandong Hongda Chemical’s new capacities came onstream, pushing domestic capacity to 2.16 million tons per year. In 2017, Shanxi Taiyuan Chemical Industry and Chongqing Huafon’s new capacities came onstream, increasing the risk of overcapacity. With the commissioning of Huafon's new adipic acid plant at the end of 2017, the domestic adipic acid capacity reached 2.48 million tons per year. In 2018, Henan Shenma’s 75k t/a adipic acid plant was put into operation, thus pushing the domestic capacity to 2.555 million tons per year. China has grown into an important base for the production of AA in the world...
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South Korea is now the largest and most important TDI exporter in the Asia-Pacific region, whose exports account for 67% of exports from China, Japan and South Korea combined. In 2018, South Korea is estimated to export about 278,000 tons of TDI, down by around 20,000 tons. This is mainly because its exports to the Middle East and Europe were hindered due to the start-up of Sadara and BASF’s TDI facilities. As for the export destinations, the country’s TDI exports mainly went to Asian countries. In 2018, this region imported 135,000 tons of TDI from South Korea, accounting for 48.6% of the country’s total exports. It is followed by Americas, which accounts for 16.7% of its total exports...
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According to China Customs, China’s TDI imports totalled 52,457 tons for the January-October period. The volume of TDI imports for the full year is estimated to reach 62,949 tons, increasing by 20,122 tons from last year, or 47%. South Korea and Saudi Arabia make the biggest contribution to the growth. For the January-October period, China’s TDI exports amounted to 73,391 tons. The volume of TDI exports for the full year is estimated to reach 88,068 tons, decreasing by 36,097 tons from prior year, or 29%. The decrease is mainly due to the manufacturers’ limited willingness to export their products thanks to the high domestic prices...
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PUdaily, Shanghai-- In 2018, domestic TDI market experiences ups and downs, with price fluctuating considerably. In the first half, the overall price went through the successive phases of staying high, declining, rallying, dropping and stabilizing. In the second half, the price went through the phases of rebound, decline, rally and drop. In the first half, the price peaked at RMB 40,000/ton in early January, and the lowest prices were seen at the end of April and June, respectively. In the second half, the price reached its peak in early August and its lowest point was witnessed in early November. The rise in prices is mostly caused by sharp fall in suppliers’ inventories due to the intensive purchase made by dealers and downstream manufacturers.
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