[introduction]: in 2022, the total capacity of China’s DMF industry was about 900000 tons, a year-on-year decrease of 4.25% compared with the same period in 2021. The production process of Chinese enterprises in production is co one-step DMF, and its main production capacity is concentrated in East China. In June 2022, Henan xinlianxin group phase I 100000 tons of organic amine, 100000 tons of DMF and 30000 tons of DMAC units are planned to be put into operation. At that time, the total production capacity of DMF will be increased to 1 million tonsP align = “center” figure distribution of DMF capacity in China in 2022
In the 1970s, China’s DMF consumption also relied on imports from European and American countries. In the early 1990s, Chinese enterprises introduced DMF production technology. After years of upgrading, China’s DMF production capacity and output continued to expand and transformed into export-oriented products. At present, it is a large production and marketing country with absolute advantages in the international market. From 2017 to 2020, the average annual growth rate of China’s DMF output was about 1-2%. In 2021, it increased to 10.39% month on month, the average annual growth rate of consumption was 7.8%, the export volume increased by 23.96% month on month, and the ending inventory decreased to a negative number.
According to the statistics, the total capacity of DMF in China was 940000 tons in 2021, reduced to 900000 tons in 2022, and the effective capacity was 870000 tons. The 40000 ton unit of Eastman chemicals is still in shutdown and is planned to be decommissioned. The province with large production capacity is still Shandong, accounting for 64%, followed by Henan and Shaanxi. The downstream is mainly used in resin slurry, medicine, electronics, pesticides, food, polyamide film and other industries. It is widely distributed in Jiangsu, Zhejiang, Guangzhou, Fujian and other markets in East and South ChinaP align = “center” table statistics of proposed DMF units in China in the next few years
unit: 10000 tons / year
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___ area ______ enterprise name ______ capacity ______ address ______ production time ______ proposed projects in the same period ___
TD rowspan = “3” East China______ Henan xinlianxin group______ 10______ Jiujiang, Jiangxi______ June 2022______ 100000 tons of methylamine, upstream methanol and ammonia plant___
_________ Luxi, Shandong______ 20______ Liaocheng, Shandong______ 2023______ Newly expanded 200000 tons of methylamine___
_________ Anhui Jinmei Zhongneng Chemical Co., Ltd______ 18______ Anhui Dingyuan______ To be determined______ In September, it was publicized together with caprolactam and hydrogen peroxide devices___
TD rowspan = “2” Central China______ Shandong Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) ______ 15______ Jingzhou, Hubei______ 2023______ Urea, acetic acid and organic amine units are planned to be equipped___
_________ Hubei sanning Chemical Co., Ltd______ 30______ Zhijiang, Hubei______ To be determined______ 110000 mixed methylamine___
___ Northwest______ Ningxia muen Chemical Technology Co., Ltd______ 7______ Yinchuan, Ningxia______ To be determined______ 100000 tons of methylamine, 50000 tons of DMAC and 1000 tons of sulfonamide___
TD rowspan = “2” Southwest______ Guizhou Tianfu chemical______ 12______ Fuquan, Guizhou______ To be determined______ 50000 tons DMAC, 20000 tons NMF___
_________ Guang’an Jiuyuan chemical______ 10______ Guang’an, Sichuan______ To be determined______ 100000 tons of pyrrolidone___
___ Total____________ 122_____________________
data source: Longzhong Information
In 2022, China’s DMF plans to add 100000 tons of capacity. The plant site is located in Jiujiang, Jiangxi Province. It is subordinate to Henan xinlianxin group, and the total capacity is expected to increase to nearly 800000 tons. In late 2023, Shandong Hualu-Hengsheng Chemical Co.Ltd(600426) the 150000 ton new plant in Jingzhou, Hubei Province and the 200000 ton plant in Luxi are expected to be put into operation. Other planned new projects or proposed plants publicized through phase I EIA are as follows. In the future, 39.34% will be added in East China, 36.88% in Central China and 18.03% in Southwest China. In the future, the planned projects will blossom everywhere, and the total production capacity will exceed 2 million tons with in-production units.
From 2017 to 2021, the annual operating rate of the leather resin industry, the main demand in the downstream, was around 6-70%, and decreased to 3-40% in some months. The electronics and pharmaceutical industries were stable, the pesticide industry declined due to the impact of costs and policies, and the food, polyamide film and other industries increased steadily, but the proportion was small. There may be additional demand in the downstream of other relevant industrial chains, but there is no expectation of end consumption. After the centralized launch of new capacity in 20222024, the supply pattern of DMF market will change significantly, the export increment and the flow direction of goods will also change significantly, and the development trend of upstream and downstream integration of the industrial chain may be further highlighted.
