China's SR industry studied

ERJ staff report (DS)

Dublin, Ireland -- Research In China has published a new report titled, China Synthetic Rubber Industry Report, 2010-2011 (Chinese Version) . The 72-page report was first published in May 2011 and is available for a price of around Euro 1400, depending on delivery options.

The publishers say, "The output of synthetic rubber exceeded 3.1 million tons in China, a 12.5 percent YoY rise. Thanks to the raw material advantage, outputs of Sinopec and CNPC accounted for 31.2 percent and 20 percent of the total output, respectively."

They continue, "The total synthetic rubber (including BR, SBR, SBS) capacities of TSRC Corporation achieved 258 thousand tons in 2009, accounting for 7.3 percent of the total capacity of the year 2009. In addition, as for NANTEX Industry & LCY Chemical Corp., they have shifted their business focus from Taiwan to mainland China."

In another passage, the publishers say, "According to the synthetic rubber projects planned and under construction in China, the newly increased capacity will hit 2,000 thousand tons/ year in 2014. Furthermore, with the continuously expanded capacity, the import volume of synthetic rubber will by degrees shrink, whereas the export volume will increase in the next 2-3 years. For instance, by the end of 2010, there was only one 20,000 ton/year EPR facility in China, which belongs to CNPC Jilin Company. On account of the bright prospect of EPR, many international manufacturers are planning to invest new EPR production facilities in China, such as Mitsui Chemicals and LANXESS. It is expected that the capacity of EPR in China will reach 150,000-200,000 tons in 2014, on that occasion, supply-demand contraction will be eased to a large extent in domestic China. "

ERJ has not seen this report and can make no comment on the quality of the research or of the conclusions.

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