In recent years, the diversification of ABS supply in China has become prominent

Mondo Finance Updated on 2024-01-31

Introduction: From 2022 to 2023, with the continuous expansion of China's ABS production capacity, the diversification trend of the industry will continue to be highlighted. By the end of 2023, there will be 19 ABS manufacturers in China, with a total production capacity of 77050,000 tons per year, an increase of 47% over last year.

Data**: Longzhong Information.

In 2023, the regional distribution of domestic ABS production capacity will still be relatively extensive, and there will be ABS plant production capacity distribution in East China, South China, North China, Southwest China, and Northeast China. According to the detailed analysis, East China is the most concentrated, with a total ABS production capacity of 422 in the region50,000 tons, accounting for 548%;followed by South China, with a production capacity of 1.5 million tons, accounting for 195%;The third is the northeast region, with a production capacity of 1.48 million tons, accounting for 192%。The fourth is North China, with a production capacity of 400,000 tons, accounting for 52%;The fifth place is southwest, with a production capacity of 100,000 tons, accounting for 13%。At present, East China has the largest production capacity, and there are Zhenjiang Chimei, Ningbo Taihua, LG Yongxing, Shanghai Gaoqiao, Zhejiang Petrochemical and other manufacturers in East ChinaThe production capacity in South China is 1.5 million tons, and the consumption in South China is the largest in the country, but the production capacity is insufficient, and some sources need to flow in from Northeast China and East China, with a production capacity of 1.48 million tons in Northeast China, accounting for 192%, the consumption in the Northeast is not much, but the production capacity accounts for a relatively large proportion, and 80% of the supply in the Northeast is shipped to East China and South China.

Data**: Longzhong Information.

In 2023, 400,000 tons of Zhejiang Petrochemical, 400,000 tons of Shandong Lihuayi, 600,000 tons of Sinopec INEOS Styrolution, and 250,000 tons of Ningbo Taihua will be expanded, making the proportion of East China increase from 47 in 20222% has increased significantly to 54 in 20238%, East China Ningbo relies on ports, raw materials and convenient transportation, and East China is a large ABS consumption area, so the production capacity accounts for a relatively large proportion of the country;In 2023, 600,000 tons of PetroChina Jihua Jieyang will be added to South China, making the proportion of South China increase from 16 in 20225% to 195%, South China's production capacity is small, although the proportion has increased, but overall, the proportion is still small, but at the same time, South China is a large consumption area, production capacity is in serious shortage, need to flow from East China and Northeast China, as well as import from Taiwan.

Data**: Longzhong Information.

In 2023, the ABS production capacity will be divided according to the process, mainly concentrated in emulsion enterprises, with a total production capacity of 7.13 million tons, accounting for 92% of the national production capacity5%, domestic large enterprises LG Yongxing, Zhenjiang Chimei, Ningbo Taihua, PetroChina and other enterprises are mainly based on emulsion method;The total production capacity of the ontology method is 5750,000 tons, accounting for 75%, Shanghai Gaoqiao, North Huajin, Shengxiao, and Guangxi Keyuan in China are all based on the ontology method.

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