• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content

Loading…

Flash Player 9 (or above) is needed to view presentations.
We have detected that you do not have it on your computer. To install it, go here.

Like this document? Why not share!

Production and market of fumaric acid in china

on

  • 1,445 views

"Description: ...

"Description:
This is the third edition report, which is updated on the basis of second edition. The first edition and the second edition were finished in 2006 and 2007, respectively.

The report provides readers with a comprehensive overview about China’s fumaric acid industry. In this report, production, export & import and consumption are the emphases, which will offer readers good understanding about the capacity, output, manufacturers, trade as well as the application situation in 2007. Apart from that, the report also introduces briefly the technology, raw materials, price, etc. In the technology section, the most popular method is described. In the price section, the quoted price from producers has been reviewed, and the current is summarized. Moreover, the factors leading to price changes are discussed, from the aspects of demand & supply, raw material and product quality. Future forecast and conclusion is the soul of this report.

All the active producers of fumaric acid are introduced in detail.
"

Statistics

Views

Total Views
1,445
Views on SlideShare
1,445
Embed Views
0

Actions

Likes
2
Downloads
16
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Production and market of fumaric acid in china Production and market of fumaric acid in china Document Transcript

    • Production and Market of Fumaric Acid in China - The Third Edition Researched & Prepared by: Guangzhou CCM Information Science and Technology Co., Ltd Guangzhou, P. R. China April 2008 Copyright by Guangzhou CCM Information Science and Technology Co., Ltd. (P. R. China) Any publication, distribution or copying of the content in this report is prohibited. Website: http://www.cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968 Email: econtact@cnchemicals.com
    • CCM Data & Primary Intelligence Description: This is the third edition report, which is updated on the basis of second edition. The first edition and the second edition were finished in 2006 and 2007, respectively. The report provides readers with a comprehensive overview about China’s fumaric acid industry. In this report, production, export & import and consumption are the emphases, which will offer readers good understanding about the capacity, output, manufacturers, trade as well as the application situation in 2007. Apart from that, the report also introduces briefly the technology, raw materials, price, etc. In the technology section, the most popular method is described. In the price section, the quoted price from producers has been reviewed, and the current is summarized. Moreover, the factors leading to price changes are discussed, from the aspects of demand & supply, raw material and product quality. Future forecast and conclusion is the soul of this report. All the active producers of fumaric acid are introduced in detail. Main content: No. Content Page 0 I Technology development 8 I-1 Current fumaric acid production technology 8 I-2 Comparison of Chinese and foreign technologies 10 II Fumaric acid market in China 11 II-1 Global overview of fumaric acid 11 II-2 Current production situation 12 II-3 Raw material supply situation 17 II-4 Key factors and difficulties influencing production 19 II-5 Competitiveness of Chinese fumaric acid 21 II-6 Historic import and export analysis of fumaric acid 22 II-6.1 Import analysis of fumaric acid in 2003-2007 22 II-6.2 Export analysis of fumaric acid in 2003-2007 27 III Price trends 36 III-1 Historic pricing of fumaric acid 36 III-2 Factors resulting in price changes 38 Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968
    • CCM Data & Primary Intelligence IV Consumption pattern of fumaric acid 41 IV-1 Analysis of applications 41 IV-2 Brief introduction to major end use segments 43 IV-2.1 L-aspartic acid 43 IV-2.2 UPR 44 IV-2.3 Food additive 45 IV-2.4 Consumption in other fields 46 IV-3 List of major end users 47 V Future forecast 48 V-1 Driving forces in the industry 48 V-2 Quantities forecasts of market in the next 5-10 years 49 VI Conclusion 51 VII Appendix: Profiles of manufacturers 52 VII-1 Active manufacturers 52 VII-1.01 Jiangsu Changmao Biochemical Engineering Company Limited 52 0 VII-1.29 Zhejiang Qing'an Chemical Co., Ltd. 96 VII-2 Manufacturers who have stopped production 97 VII-2.01 Jiangsu Zhongteng Chemical Co., Ltd. 97 VII-2.02 Shandong Qilong Chemical Co., Ltd. 99 Executive summary: (Note: The following summary is based on the situation in 2008 and maybe different to what it is nowadays. Please be noted.) - Technology At present, there are two methods to produce fumaric acid. One is chemical combination method and the other is biological combination method. Chinese fumaric acid producers all use the former one. There are three raw materials for fumaric acid production in China and they are benzene, acid liquor and dregs generated in the production of maleic anhydride and acid liquor generated in the production of phthalic anhydride. ………. - Production China is one of the largest producers of fumaric acid in the world. Currently there are 42 active producers of fumaric acid in China with the total capacity of xxxxt/a as of March 2008 amounting to over one third of the global capacity. Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968
    • CCM Data & Primary Intelligence Fumaric acid industry has been developing rapidly in China with the CAGR of xx% in 2003~2007, and the output reached xxxx tonnes in 2007. XX Company is the largest fumaric acid producer in China, whose capacity reaches xxt/a as of March 2008. The quality of fumaric acid from XX company and XX company is better than that in other domestic producers. Accordingly their fumaric acid quotations are higher than others. ………. - Import & export The import volume of fumaric acid in China is small and it has kept decreasing. In 2007, China imported xxxx tonnes fumaric acid, only xx % of China’s import volume in 2006. ………… The export rebate rate for fumaric acid has been adjusted from 13% to 5% by Chinese government since July 1st, 2007. China’s export volume of fumaric acid has been increasing rapidly with the CARG of xx% during 2003~2006. The export volume of fumaric acid amounted to xxxx tonnes in 2006, a historical record and over four times more than that in 2003. But in 2007, China’s fumaric acid export volume decreased by xx% from that in 2006, falling to xxxx tonnes. ……….. - Consumption In recent years, the apparent consumption of fumaric acid has been continually increasing in China. In 2003, the apparent consumption was only xxxx tonnes, but it increased to xxxx tonnes in 2007, with the CARG of xx%. Fumaric acid is mainly used to produce L-aspartic acid and UPR in China. Character of CCM' Report: The aim of this report is to provide powerful assistance to the strategy group and the management team in making correct decision as how to penetrate the ever-increasing China market and how to catch the maximum commercial opportunities. The report is formulated independently by CCM’s professional market researchers, based on the first-hand and primary data which are analyzed by scientific methodology, confirmed with both manufacturers/end users/traders and legal authorities, and presented in a logic way. Sample pages: Website: http://www.cnchemicals.com Email: econtact@cnchemicals.com Tel: +86-20-3761 6606 Fax: +86-20-3761 6968
    • V Future forecast V-1 Driving forces in the industry - Market demand Demand for fumaric acid has increased rapidly since 2001, but the annual output didn’t change until 2003, being only about 25,180 tonnes, which led to a large demand gap in that year. In the end of 2004, the average price of fumaric acid was very high, reaching RMB12,000/t, because its output couldn’t meet the market demand. To pursue high profit, many Chinese producers invested in fumaric acid industry. Most installations of fumaric acid were built and put into production. That is why the capacity of fumaric acid increased rapidly after 2003. In 2006, its capacity reached 105,000t/a. The average increase rate has surpassed 30% since 2003. Fumaric acid industry develops rapidly, but it still can’t meet the market demand. With the development of downstream industries including L-aspartic acid, UPR and food additive, the market demand will be a key factor driving the fumaric acid industry to develop in the future. - Raw material Benzene As a starting raw material for fumaric acid production, benzene directly influences the production cost of fumaric acid. In recent years the price of benzene kept increasing which was unfavorable to domestic fumaric acid industry. Acid liquor generated in the production of maleic anhydride or phthalic anhydride Fumaric acid production is also relative with the production of maleic anhydride and phthalic anhydride because to some domestic producers, fumaric acid is only one byproduct of maleic anhydride or phthalic anhydride. If they stop production of maleic anhydride or phthalic anhydride, they will have no acid liquor generated in the production of maleic anhydride or phthalic anhydride to satisfy their fumaric acid production. - Technology innovation At present, Chinese fumaric acid producers all use benzene oxidized method. The method will be used a long time in future though it has some disadvantages. Chinese producers are to improve the technology and equipment, which can promote the capacity and quality of fumaric acid. 1
    • And in the long-term view, benzene oxidized method will be replaced by N-butane oxidized method which is widely used in developed countries. The N-butane oxidized method is the development trend, as it is more advanced. It has the advantages of high efficiency, high output and non-pollution. - Domestic policies on fumaric acid industry Governmental policy will have great influence on domestic fumaric acid industry. Export rebates decrease Government policy restricting the production of producers who seriously pollute the environment Since the production of fumaric acid has high pollution, implementation of these policies in China can promote the structural adjustment of the industry. The companies whose production scales are too small to reach the requirement will be closed down, and those companies, whose cost is higher than others for their insufficient resource, low-tech or backward management, less competitiveness in the market, will be defeat by others and phased out. V-2 Difficulties in fumaric acid industry - The adjustment of export tax rebate Since Jul. 1st 2007, export tax rebate on fumaric acid has been reduced from 13% to 8%, which causes fumaric acid exporters to raise price to ensure their profit, thus the competitiveness of China’s fumaric acid has been reduced in the overseas market. After Jul. 1st 2007, the export price of fumaric acid from China increased by USD0.05/kg~ USD0.1/kg. Correspondingly, the export volume from Jul.2007 to Dec.2007 decreased by 1,645.097 tonnes year on year. Figure V-2-1 Export price and export volume of fumaric acid in 2007(Price: USD/kg Quantity: tonne) 2,500 1.40 1.20 2,000 1.00 1,500 0.80 1,000 0.60 0.40 500 0.20 0 - 07 7 07 07 07 7 07 7 7 7 07 07 l-0 -0 -0 -0 -0 p- - n- n- b- g- r- ov ec ay ar ct Ju Ja Ju Fe Ap Se Au O M N D M Quantity Price 2
    • - The depreciation of US dollar During the whole year of 2007, the US dollar has depreciated by 7% calculated by RMB, which means that the profit of fumaric acid export has shrunk. At present, most exporters are willing to export fumaric acid with the payment of RMB and the depreciation of US dollar acts as a disincentive to China’s fumaric acid exporters. Figure V-2-2 RMB/USD Exchange Rate in 2008~2012 7.90 7.80 7.70 7.60 7.50 7.40 7.30 7.20 7.10 7.00 6.90 6.80 7 7 07 07 08 07 7 07 7 7 08 7 07 07 l-0 -0 -0 -0 -0 -0 p- n- n- n- b- b- g- r- ov ec ay ar ct Ju Ja Ju Ja Fe Ap Se Fe Au O M N D M V-3 Quantities forecasts of market in the next 5-10 years Our forecast is based on economic theories and relative forecast technologies in econometrics and, a model, established in system dynamics technology with Vensim® software by CCM, is used to conduct our forecasts on the development of fumaric acid in China (2007-2011). System dynamics, which has been applied in many research fields, is a useful methodology & tool for policy analysis and assistant decision-making. The following items are integrated in the model: Relative data in the past Industry chain of fumaric acid Domestic polices on fumaric acid at present and in future Driven forces discussed in the above CCM’s understandings on fumaric acid industry The output of L-aspartic acid may increase slightly in the future 5 years, CCM predicts that output of L-aspartic acid will increase to 87kt in the year 2012, with the CAGR of 12.2% from 2008 to 2012. - Production In the next 5 years, the output of fumaric acid will keep a rising trend, but its CAGR will not be 3