TDI: slowing down domestic demand and having fun exporting

wallpapers Industry 2020-12-09
For a long time, China's TDI capacity has shown a steady growth situation. However, since 2011, the domestic TDI industry has begun to show excess capacity. According to chemical online statistics, by the end of 2014, the domestic TDI capacity was 1.06 million tons / year, and the domestic self-sufficiency rate was 105.5%, of which about 73.6% of the capacity was located in coastal areas. With the increase of domestic production capacity, the import volume of TDI decreased year by year, while the export volume increased year by year. At present,

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are mainly used in the production of soft polyurethane foam in China, which accounts for more than 80% of the consumption structure of TDI. Other uses include coatings, rigid foams, adhesives and sealers. Although the growth rate of domestic automobile market is slowing down, other Asian markets, such as India, have grown rapidly in recent years, and the demand for automobiles is increasing day by day. At present, automobile manufacturers are more and more respected for automobile lightweight. The use of automobile seat cushion produced by soft polyurethane foam can effectively improve fuel efficiency. With the continuous strengthening of global environmental awareness and the development of energy-saving technology, energy-saving and environmental protection vehicles will become the new favorite of the automobile industry in the future. From this point of view, the future export potential of TDI is still very large, and the advantage of short distance from our country to other countries in the Asia Pacific region also shows.

in addition, domestic TDI has been degraded from highly toxic hazardous chemicals to general hazardous chemicals since May 1, 2015, which will bring great changes to the future TDI market. It reduces the cost of transportation and other aspects, and also reduces the investment threshold to enter the industry. The future TDI market competition is bound to be more intense.

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with the slowdown of domestic demand growth and the expansion of production capacity in recent years, the price of TDI market has continued to decline since it reached its peak in 2012, especially in 2014. Its market price has hardly rebounded significantly, and the price has continued to drop continuously, and it has continuously set a new low. Domestic TDI market overcapacity, more supply of goods, and China's macroeconomic downturn slowed down the growth of downstream demand, together with the sharp drop in the price of upstream raw materials, all of which have become important factors for the price decline. It was not until February this year that the price fell to a new low of 11900 yuan / ton in the past five years. Under the premise that the manufacturers jointly raised the price, the TDI market price began to rebound. Although the domestic TDI market is still in a stalemate state and there are more downstream on-demand purchases, July and August are the traditional peak seasons of TDI consumption. It is expected that the price of TDI will rise in the later period, and the expectation should not be too high.

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generally speaking, although China's TDI capacity is slightly overcapacity at this stage, with the future domestic TDI market demand maintaining a certain growth trend, and the capacity previously under planning has not been reported to put into production, it is expected that the situation of oversupply in the future will not be too serious.

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in recent years, domestic TDI manufacturers continue to explore overseas markets. At present, they mainly export to Asia Pacific countries, accounting for more than 60% of the total exports. In particular, India's demand continues to increase, making it possible to increase exports. Of course, Japan and South Korea, which also have TDI production technology, will become the main competitors competing for export market share. In this regard, we must pay enough attention to it.


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