In the first half of 2018, China’s TDI market in Southeast Asia is no longer good?

One. TDI to Southeast Asia in the first half of 2018
Table 1. The first half of 2017-the first half of 2018TDIComparison with Southeast Asian countries

Currently, China’s TDI There are 6 manufacturers, namely Cangzhou Dahua, Yantai Juli, Gansu Yinguang, BASF, Covestro and Dongnan Denhua. The production capacity reaches 84 tons / per year. In addition, 2016, Liaoning North Jinhua 5 tons / TDI installation permanently shut down; Wanhua <SPAN lang=EN- 30 tons / “>TDI plant is expected to start production in the fourth quarter of 2018.

In China TDI Among the manufacturers, the export trade mainly includes Covestro, Fujian Dongnan Electrochemical, Yantai Juli and Cangzhou Dahua.

2018In the first half of the year, China exported 1.1 tons of TDI to Southeast Asia, accounting for 26% of total exports, compared to 2017 In the first half of the year, the reduction was more than 3 thousand tons. Among the export destination countries, except for Cambodia, all others have a certain degree of year-on-year decrease. The Philippines surpassed Indonesia to become the largest market for China’s exports to Southeast Asia in the first half of 2018, and the decline was relatively low. Decrease in China’s TDI exports to Southeast Asia, mainly Indonesia, Thailand and Vietnam has a substantial reduction. The Indonesian market has shrunk by 34%, from 4000 in the first half of 2017 Many tons have dropped to less than 3000 tons this year. Vietnam and Thailand followed, both at more than 2,000 tons. The biggest year-on-year decrease was in Malaysia and Singapore markets, both of which had a decrease of more than 50%, but the Chinese-made TDIThe goods market capacity is relatively small.

for China TDI manufacturers, in Southeast Asia, the Philippines, Indonesia, Vietnam and Thailand are still the main export markets, while Cambodia has a relatively small market capacity , but there is a large increasing trend.

two. 2018China, Japan and Korea exports in the first half of the yearTDIContrast with Southeast Asia

Figure 1. 2017 first half – 2018 first half China, Japan and South Korea exportsTDI to the proportion of Southeast Asian countries

As can be seen from the above figure, in the first half of 2018, among China, Japan and South Korea, South Korea exported TDI still holds the largest percentage and is up 6% from last year. Japan accounted for the same 24% as last year. The proportion in China has decreased, from 26% in 2017 to 20% this year.

In the first half of 2018, China, Japan and Korea TDIA total of 56,100 tons were exported to Southeast Asia, almost the same as last year. Among them, China’s export volume to Southeast Asia has decreased significantly, Japan’s is basically the same as last year, and South Korea’s export volume has increased. Currently in the Southeast Asian market, in addition to China, Japan and South Korea, Saudi Sadara is gradually occupying a certain market. The above situation shows that in the first half of this year, the demand for TDI in Southeast Asia has increased year-on-year. Therefore, the decline in the market share of Chinese manufacturers is more likely due to the control of the market and the adjustment of strategies by various manufacturers.

In the second half of this year, with the increase of Saudi Sadara’s market share in Southeast Asia, coupled with the continued decline in market demand and continued high supply, in the second half of the year The Southeast Asian market will also become more complex.