Annual Report 2014 of the World's Top Ten Paint and Coatings Companies

China Paint Network
News: Looking back at 2014, for chemical commodities, is an extraordinary year, crude oil prices continue to fall, all kinds of chemical products are also competing with the decline, has been analyzed statistics that 88% of chemical products are falling this year. MDI is also "lucky" to be one of the 88% of chemical products.
MDI as an organic intermediate, more than 80% of which are used in the production of polyurethane hard foam products, in addition, MDI can also be used in the reactive injection molded elastomers, synthetic leather and automotive interior parts and other fields, and MDI's reaction performance and application performance than TDI is more advantageous, its proportion in the market increased year by year.
To Wanhua production of polymerized MDI (PM200) price trend, for example, its price rose at the beginning of the year and after the summer, and then fell back, due to the beginning of the Spring Festival after the production began to resume, and into the summer downstream refrigerator The increase in demand for such electrical appliances manufacturing industry has led to a rise in prices, but MDI spot prices have continued to decline throughout the year, falling by 15.5 per cent for the year, with the difference between the highest and lowest prices at 3350 yuan, an amplitude of 24.2 per cent. The price of aniline, its upstream raw material, fell by 40.7% for the whole year, with the difference between the highest and lowest prices at 5800 yuan and an amplitude of 101.8%. This means that the cost differential between MDI and its raw materials is increasing, meaning that MDI's profits have widened as a result of the current round of crude oil prices, so its investment prospects remain broad relative to other products.
of imports and exports, the import volume of aggregate MDI in 2013 was 347,200 tons, and the export volume was 229,400 tons; Imports in 2014 were 319,600 tons and exports were 339,100 tons. Compared with 2013, imports decreased and exports showed a relatively large growth trend. This is not only related to china's two years of MDI production equipment put into production and use, but also with the global demand for MDI is increasing year by year.
, MDI, as a technology- and capital-intensive industry, is not only highly demanding in production technology, but also has a large capital investment. In 2014, the approval authority for MDI projects was subsemed by the State Council to the provincial government, which industry insiders believe will help to expand investment in MDI production projects to some extent. But so far, only bayer, BASF, Huntsman, Wanhua Chemical and other large companies in the world have mastered the core technology of their production. As of 2014, the global production capacity is nearly 8.1 million tons/year, and the domestic production capacity is about 3.6 million tons/year, accounting for 43.6% of the global production capacity. In December 2014, Wanhua 600,000 tons of MDI production plant was put into operation, Wanhua Chemical has become the world's largest MDI supplier, but also marks the fifth generation of Wanhua independent intellectual property rights of large-scale MDI manufacturing technology successful industrialization. Global
Coatings Network
understands that in 2015 and the next two years, there are two larger sets of equipment put into operation in China, namely BASF Chongqing 400,000 tons / year MDI device and Sinopec and other five enterprises in Shanghai joint construction of 240,000 tons / year crude MDI plant. The author believes that with the growing demand for MDI in the market, there will still be new MDI plants put into operation in the next few years, and major companies may break through existing technology bottlenecks to further expand the capacity of existing devices.
MDI as an oligopoly market, other enterprises are really difficult to intervene, and this situation is difficult to break in the short term. However, in view of MDI's superior performance, and the prospects of the downstream polyurethane market, market demand is large, enterprises only continue to research and innovation in technology, develop a more environment-friendly process production routes, and the use of MDI downstream products for new exploration and development, it is possible to make investors more keen on the MDI manufacturing industry.