07 November 2011 06:39 [Source: ICIS news]
By Doreen Zhao
SHANGHAI (ICIS)--Adipic acid prices in ?xml:namespace>
Spot values declined by around yuan (CNY) 7,000/tonne ($1,104/tonne) from end-August to CNY12,200/tonne at the end of October, according to ICIS data.
Surplus adipic acid supply in the international markets found its way into China in the months of August and September, dampening domestic prices of the material given lacklustre demand, market sources said.
China imported a total of 9,664 tonnes of adipic acid in September, up 31% month on month and more than triple the volume recorded in August, data from China Customs showed.
Domestic production was lower than usual since August but this failed to halt the slide in prices of adipic acid.
For the three months covering August-October,
The number translates to a monthly production of 56,000 tonnes, about 8% lower than the usual output each month, partly because of turnarounds at major facilities.
In September, Henan Shenma conducted a 20-day maintenance at its 150,000 tonne/year adipic acid plant, which has a 50,000 tonne/year and a 100,000 tonne/year lines, at
Xinjiang Tianli, meanwhile, had a 45-day turnaround at its 75,000 tonne/year facility at Dushanzi from August to September.
Demand for adipic acid coming from the main downstream polyurethane (PU) sector has been extremely weak. In late October, PU plants operate at just about half of capacity, market sources said.
PU accounts for 60-70% of the total consumption of adipic acid in
Going into next year,
Producer?xml:namespace> Capacity (tonnes/yr) Start-up dates Note 150,000 End- 2011 Hualu Hengsheng 160,000 End-2011 160,000 Early 2012 For own nylon6-6 140,000 Early 2012 150,000 Early 2012 For own nylon6-6 50,000 Early 2012 150,000 2012 70,000 2012
For own nylon6-6
For own nylon6-6
($1 = CNY6.34)
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