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It is understood that in 2008 China's acetic acid production capacity reached 4.3 million tons, apparent consumption of 2.857 million tons, production capacity has appeared surplus. In the next five years, there will be multiple sets of equipment that will be put into production in succession. The cumulative production capacity will be 2.8 million tons/year, and the total production capacity will reach 6.3 million tons/year, exceeding the estimated 4.2 million tons/year of acetic acid consumption. Only about 67% can be maintained. At present, the average price of acetic acid Huadong market is around RMB 2900/ton, which has already fallen to the production cost price, and the market is highly competitive. Among them, the competitive advantages of large-scale production enterprises are highlighted. Several scale enterprises with production capacity of 600,000 tons/year, such as Jiangsu Thorpe Group and Shandong Yantai Guotai Chemical Co., Ltd., adopt coal gasification multi-generation technology, and they have adopted scale and integration. The formation of a low-cost competitive advantage, the market share of these companies has reached 70%. According to estimates by experts, the unit cost of the 600,000-ton/year acetic acid plant has a cost advantage of 200-300 yuan/ton compared with 200,000 tons/year. Large-scale enterprises not only have cost advantages but also possess advanced production technologies.
To this end, experts suggest that the future investment in pure acetic acid projects will be inadequate, and the integration of upstream and downstream industries will become a new model for the development of the acetic acid industry.
Acetic acid market is forming a new pattern of competition
At present, there has been an excess of acetic acid production capacity in China. It is expected that the domestic acetic acid industry will form a new competitive landscape after 2009, and a few large enterprises will redistribute the market. This is the information that the reporter learned from the national acetaldehyde, acetic acid and its derivatives technology market seminar held in Jinan, Shandong in early November.