Event

There was a time that 1, 4-Butanediol was completely controlled by several international companies, thus the most heard answer from the market was always “out of stock”; and that was the golden age for the then importers. However, like other chemical products, the market cannot stay long in the situation of “high price accompany with shortage in goods”. The juicy profit space is “violently” urging the development of China. As for China today, the most seen market is, mostly, with “increasing excessive productivity”.

Observe the changes of the downstream consumption structure of BDO, we will find that PRMEC still ranks the top priority of the BDO downstream areas. It is estimated that if the later BDO and its supporting downstream devices are continuously put into production, the PRMEC productivity of China Mainland will then be doubled. And consequently, there will be following problems, that is, excessive productivity. While PTMEG is the primary downstream consumption industry, PBT also gained rapidly growing in energy saving lamps and engineering plastics for auto industry. The application of modifier was expanded, and it became the downstream product which gains the fastest growing of the year of 2012. Nevertheless, the problem with excessive productivity also emerged. And the GBL market will see a fierce competition in future with a limited market capacity and a lot of entrants. Under this situation, average operating hour will come down. The productivity increase of PU pulp industry has already shown gradual slowing trend in these years.

As of June this year, the BDO productivity in China Mainland has reached 1.367 million tons with operating productivity 1.011 million tons. In contrast, the demand of 2013 was only 549,000 tons. What will the future for BDO industry be like under such a market with sluggish demand and plenty competitions?

• BDO raw material suppliers (calcium carbide, methanol, maleic anhydride and etc)  4.7%
• Domestic and international BDO suppliers  24.71%
• Domestic and international PBT& PBS suppliers  16.47%
• Domestic and international THF& PTMEG suppliers  9.42%
• Domestic and international GBL suppliers  5.89%
• Downstream user companies (modified PBT/PBS, engineering plastic, spandex, size, pharmaceutical intermediates, and etc)  10.58%
• Domestic and international BDO dealers and relevant product dealers  20%
• Research institutes, third parties, equipment and catalyst manufacturers, and etc  8.23%

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