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Another breakthrough in traditional chemical industry 2010-07-12 00:00 Click: second

Author Gu Xin

Due to the overall overcapacity, low downstream demand and sluggish industry, the traditional chemical industries such as chemical fertilizer, soda ash and chlor alkali are not living well at present. Therefore, some people suggest that investment in chemical industry should "like the new and hate the old", i.e., abandon traditional products and seek "new business". In fact, although the opportunities for the whole sector are not great, some of them are already taking action and are trying to break through the current predicament. The practices of these enterprises provide some ideas for the peers to learn from.
The first is the low-cost expansion enterprises such as Hubei Yihua. According to the general logic, the traditional chemical industry has serious overcapacity, so it is difficult to achieve performance thickening through capacity expansion, and there is not much room for growth. This is true for the whole industry. However, the structural change within the industry is an excellent opportunity for the advantageous enterprises. The elimination of backward production capacity in the competition just provides such enterprises with the opportunity to continue to expand. With the improvement of industrial concentration, such enterprises will also get more development space.
Taking synthetic ammonia in the nitrogen fertilizer industry as an example, there are more than 400 ammonia enterprises in China, with an average production capacity of 110000 tons, of which 200 are small and concentrated in the county. The admittance threshold of synthetic ammonia industry (Draft) is set at 300000 tons. Due to the high cost, small-scale synthetic ammonia enterprises will be gradually eliminated in the fierce competition, and the market space vacated is just for the advantage enterprises.
Hubei Yihua, the leader of chemical fertilizer industry, has greater ambition, not only to squeeze out small enterprises, but also to squeeze out large enterprises with relatively low cost advantage. At present, the company is still relying on the production line of urea in Xinjiang with high production cost, and even has a high production cost in Xinjiang.
Of course, the experience of Hubei Yihua is difficult to copy. In the face of serious overcapacity, some chemical enterprises are actively exploring business transformation. The transformation is mainly divided into two categories, one is to turn to other mature chemical sub industries, the other is to turn to immature emerging industries.
The representative of the former is Luxi Chemical, which mainly deals in urea. The company is actively transforming into a diversified chemical enterprise. The company announced on April 1 that the 60000 T / a methane chloride phase I project and 100000 t / a methylamine phase I project with an annual output of 120000 tons have been invested and constructed. After the recent single unit commissioning and linkage trial operation, the process flow has been fully opened and qualified products have been produced. Melamine and silicone will be put into production in the future.
The six countries chemical industry has made much greater strides, and the company is planning to produce lithium iron phosphate phosphate phosphate fertilizer enterprises. On June 22, the company announced that it signed the contract for technical research, production, application and development of iron phosphate and lithium iron phosphate with Sichuan University. Sichuan University is responsible for developing the production process of iron phosphate and lithium iron phosphate products, and solving the technical problems encountered in the industrialization of the company by using this process. The company provides 3.6 million yuan of project development funds.
From the above three practices, we can see that the traditional chemical enterprises are not without a way out. For the investors in the secondary market, the traditional chemical industry plate is not completely without investment value, and the advantages of enterprises are still worthy of serious exploration.






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