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ASIACHEM Research believes that Luxi Chemical, Yantai Wanhua, and Jiangshan Chemical, three listed chemical companies, have or plan to expand their high-end plastics-polycarbonate (PC) business. In the context of overcapacity of traditional bulk chemical products, entering the high-end petrochemical field highlights the trend of transformation and upgrading of traditional chemical enterprises.
Picture, ASIACHEM Consulting and Participants Visit the Factory Installation
As a high-end petrochemical product, polycarbonate (PC) is one of the top five engineering plastics. It has good optical properties, mechanical properties, and electrical insulation properties, and is widely used in building materials, electronics, automotive materials, and other industries. In recent years, demand has grown rapidly, and a large number of imports have been required for a long time.
According to ASIACHEM, China has become an important PC market in the world, with a net import volume of about 1.26 million tons in 2014. The foreign dependence is about 80%. The average import price in 2014 was about 3,000 US dollars/ton. Even in the context of the sharp drop in international oil prices, PC prices remained high. Due to technical constraints, all domestic PC commercial chemical plants were Sino-foreign joint ventures before 2014. Since 2015, three domestic listed companies have begun to intervene in the polycarbonate business.
In June 2015, Luxi Chemical announced that the company invested 850 million yuan to build the first phase of the PC project 65,000 tons, and officially entered the commissioning and optimization stage.
In November 2015, Yantai Wanhua announced proceeds raised for the polycarbonate project. According to ASIACHEM data, the project plans to invest 1.46 billion yuan and is located in Wanhua Industrial Park, Yantai, Shandong, covering an area of about 80,000 square meters, with a planned capacity of 200,000 tons/year. The main raw materials are bisphenol A and phosgene routes to produce powder and pellet PC. Among them, the powder 50,000 tons/year and the pellet 150,000 tons/year.
In early December 2015, Jiangshan Chemical announced its intention to acquire 100% equity of Zhetie Dafeng by issuing shares and paying cash. The preliminary transaction price is 980 million yuan. Among them, the share payment part is 833 million yuan, and the cash payment part is 147 million yuan. Zhetie Dafeng is the first domestic-funded enterprise in China to produce PC on a commercial scale. The first phase of production capacity is 100,000 tons/year. It was completed in 2014 and started stable production in April 2015.
In addition to the positions in the above three listed companies, traditional coal and coal chemical company Yangmei Group has also invested in polycarbonate projects in Qingdao. ASIA Consulting Research believes that Luxi Chemical, Yantai Wanhua, and Jiangshan Chemical, three listed chemical companies, have or plan to expand their engineering plastics-polycarbonate business. In the context of overcapacity of traditional bulk chemical products, entering the high-end petrochemical field highlights the trend of transformation and upgrading of traditional chemical companies.
With the continuous entry of domestic strength enterprises, the pattern of China's polycarbonate market dominated by foreign technologies and products is expected to change in the next few years. Aiming at the future polycarbonate market prospects and competition landscape, production technology progress, downstream application growth potential and other topics, ASIACHEM will host the first polycarbonate technology and market application seminar in Shanghai on January 21-22, 2016. At that time, key polycarbonate production enterprises at home and abroad, PC blending enterprises and downstream users, technology development and market research institutions will discuss.
The first "Polycarbonate Technology and Market Application Seminar" hosted by ASIACHEM will be held in Shanghai on January 21-22, 2016.
The conference will discuss the "13th Five-Year Plan" engineering plastics industry trends; global and Chinese polycarbonate market demand outlook; technical and economic comparison of different routes of polycarbonate; future capacity expansion plans of domestic and foreign companies; supply of raw material bisphenol A; development and market potential of new downstream applications; development prospects of polycarbonate and other competitive engineering plastics; safety and environmental protection issues in polycarbonate production and application, etc.
For more information, please call: 021-50329633-116 or 18019146895 Manager Hu
The article is from ASIACHEM Consulting, edited by Aibang Polymer
