The nitrochlorobenzene market in China briefly recovered after the end of last year, continuing the pattern of overall polarization. In recent years, the production capacity of nitrochlorobenzene in China has been accelerating. The total domestic production capacity is expected to reach nearly 640,000 tons/year this year, an increase of 8% over the previous year, accounting for over 70% of the global production capacity. It is already a serious surplus, and the market is in conflict with supply and demand. . At present, the main downstream products of nitrochlorobenzene, dye intermediates and pharmaceuticals, are in short supply. The price is between RMB 3,500 and RMB 3,700/ton, which is 30% lower than the average price of last year; and the ortho-nitrochlorobenzene's downstream neighbors Demand for ether, o-nitroaniline, o-chloroaniline, and 3-3 dichlorobenzidine has steadily increased. The price has reached 13,000 yuan/ton, which is nearly 30% higher than last year's average price. Because the ratio of the output of p-nitrochlorobenzene to o-nitrochlorobenzene is 2:1, the polarization of the market has accelerated, and the overall efficiency of the industry has grown negatively. The loss is a common phenomenon among production enterprises.
Overall, the main factors affecting the domestic nitrochlorobenzene market are: financial tightening policies increase the financial costs of production companies, directly raising the cost of products; the expansion of production capacity has exacerbated the market competition, and the market has been depressed nitrochlorobenzene The impact was formed; the downstream dyestuff market of nitrochlorobenzene was in the doldrums, and the start-up of the pharmaceutical industry was limited. As a result, the price of p-nitrochlorobenzene was continuously declining. The production companies lowered the load to stabilize the market; nitrochlorobenzene and downstream products such as dyes and medicines. Affected by the exchange rate, at the same time affected by the EU REACH regulations, the enthusiasm of export companies is not high, increasing the pressure on the domestic market.
At the same time, the nitrochlorobenzene industry is also facing two major bottlenecks:
First, changes in the downstream demand structure have constrained the development of the industry. Since last year, the downstream product of o-nitrochlorobenzene, o-anisidine or vanillin, has several sets of devices that have been completed and put into operation one after another, leading to an increase in the demand for o-nitrochlorobenzene and a corresponding decline in the value of nitrochlorobenzene. The formation of this situation has created a problem for the domestic nitrochlorobenzene manufacturers. The industry must optimize the product structure as soon as possible.
The second is that in the production of nitrochlorobenzene, the proportion of coking benzene has continuously declined. In the past two years, the demand for coking benzene from refined benzene and maleic anhydride has increased, resulting in a “high-low and high-low†pattern, that is, the price of raw coking benzene is high, and the price of nitrochlorobenzene products is low. Recently, this situation has become increasingly severe and has become a bottleneck affecting the development of the nitrochlorobenzene industry.
Of course, under the background of the continuous high international energy and resources operation, the prices of resource chemical products will generally rise this year, and the chemical industry will still face both opportunities and risks. Therefore, as long as the nitrochlorobenzene industry can plan ahead, adjust the consumption structure as soon as possible, control the release rate of production capacity, accelerate the joint pace of upstream and downstream, and further broaden the international market, it will also usher in the spring of development.
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