High oil prices hit China's glyoxylic acid industry chain

Recently, the domestic professional market research organization Ximei Information released a new “China Glyoxylic Acid Market Research and Forecast Report” report which introduced the development history of glyoxylic acid in China, and mainly studied the supply situation from raw materials to the downstream industrial chain. The price trend, production capacity and output, different technical route methods, main factors affecting the development of glyoxylic acid, and major domestic producers, and the prediction of the development trend of glyoxylic acid in the next five years.

The report pointed out that in 1985, China began to use electric reduction method to manufacture glyoxylic acid, and experienced two rapid developments in 2002-2003 and 2005-2007. At present, China has become the world's major producer of glyoxylic acid. In March 2011, the production capacity of glyoxylic acid reached 134,880 tons, and it is expected that it will reach 135,380 tons by the end of 2011. At present, there are nearly 20 producers of glyoxylic acid in China, mainly in five provinces and cities of Hubei, Jiangsu, Shanghai, Hebei and Shandong. The production capacity of glyoxylic acid in these five provinces and cities accounts for nearly 95 percent of the total glyoxylate production capacity in the country. %.

The report pointed out that although China's current glyoxylic acid production capacity and production are very large, but the consumption of glyoxylic acid is still mainly concentrated in the country, glyoxylic acid is the main application areas of vanillin, p-hydroxyphenyl glycine, p-hydroxybenzene Causes, allantoin, 2-hydroxy phosphonoacetic acid and other pesticides and pharmaceutical intermediates. Downstream requirements, particularly vanillin, p-hydroxyphenylglycine, and p-hydroxyphenylhydantoin, are the main drivers for the growth of glyoxylate. The report pointed out that China is already the world's leading producer and exporter of vanillin, and nearly 75% of China's vanillin is exported every year. In the past two years, the production of vanillin by glyoxylic acid production was the main factor that further stimulated the expansion of glyoxylic acid production. In 2010, the consumption of glyoxylic acid by vanillin accounted for 38.81%, which has become the largest in glyoxylic acid. One of the consumer areas.

The report carried out research and analysis on the current domestic and foreign glyoxylic acid production methods, and pointed out that at present in China, glyoxylic acid has been used to produce glyoxylic acid. By analyzing the cost of glyoxylic acid produced by the glyoxal method, glyoxal is the most important part of the cost of glyoxylic acid, and the fluctuation of the international crude oil price affects the fluctuation of the price of ethylene glycol, which in turn affects the The price of dialdehyde ultimately affects glyoxylic acid prices. The fluctuation of crude oil prices has a very rapid impact on the price of glyoxylic acid, and it has a great impact.

Xu Xiaohong, a researcher at Western America, said that with the widespread application of glyoxylic acid in the production of vanillin and stable demand in several other consumer sectors, domestic demand for glyoxylic acid is still rising. However, further increase in crude oil prices will cause shortage of glyoxylic acid resources and increase prices. At the same time, due to the disorderly development in the past, the domestic glyoxylic acid downstream products are highly competitive, prices have been rising slowly, and prices of some products have shown a downward trend. With the continuous rise in raw material prices and the continuous increase in the cost of environmental protection, in recent years, the profitability of enterprises producing downstream products of glyoxylic acid continues to decrease. In the era of high oil prices, the glyoxylic acid industry chain in China will be increasingly impacted.