In Recent Years, Caprolactam Has Developed Rapidly In China, And The Bottleneck Of Raw Materials Has Gradually Faded.

Nylon industry belongs to chemical fiber Part of the industry, compared to polyester, viscose, nylon prices are relatively stable. Over the past 10 years, the dependence of caprolactam conversion in China has been maintained at over 60%. With the rapid expansion of caprolactam in China, the caprolactam production capacity in China will expand from 590 thousand tons in 2011 to 2 million 215 thousand tons in 2015. The dependence of caprolactam import will be greatly alleviated. In recent years, China's polyamide chips are developing rapidly, and this year will add 430 thousand tons to 2 million 350 thousand tons. The rapid expansion of the production capacity of nylon chips will more effectively guarantee the supply of raw materials of nylon yarn.

The global caprolactam plant has maintained a relatively high operating rate. In addition to a slightly lower than 80% operating rate in 2009, the global operating rate has maintained over 80% since 2006. In the 2008-2009 year, the output was reduced due to the financial crisis. Output in 2011 gradually returned to 4 million 280 thousand tons, and the operating rate returned to 87.35%. The production capacity of caprolactam in China has expanded rapidly in recent years. Production capacity has increased from 285 thousand tons per year in 2004 to 590 thousand tons / year in 2011, and the industry start-up rate has remained at around 80%. In 2011, the production of caprolactam in China was 535 thousand tons, and the operating rate increased to 90.68%.

The next few years in China caprolactam In 2011, the production capacity of caprolactam in China was 590 thousand tons. In 2012, it will reach 1 million 215 thousand tons, reaching 1 million 615 thousand tons in 2013, and 2 million 215 thousand tons in 2015. This does not include Tianchen Yao long new material, orchid branch [18.42 -2.54% share, research group, Yangquan Coal Group total 600 thousand tons capacity.

In 2004, the consumption of caprolactam in China was 878 thousand tons, and 1 million 651 thousand tons in 2011. In the past 7 years, the consumption of caprolactam in China has increased by 9.5%. Import dependence dropped from 74.1% in 2004 to 67.5% in 2011. At present, China still maintains a high degree of import dependence. We assume that the consumption growth of caprolactam in China will increase by 10% in the next 5 years. In 2015, the consumption of caprolactam in China will reach 2 million 418 thousand tons. As China's new caprolactam is gradually put into operation, the dependence of caprolactam in China will gradually drop from 60% to less than 40% and still maintain a high degree of import dependence. However, it can be seen from the dependence of imports that import dependence will show a significant downward trend in the next few years, which will be good for domestic slicing and nylon enterprises.

China since 2008 nylon 6 Slice capacity expansion from 1 million 230 thousand tons to 1 million 920 thousand tons in 2011, since 2008, the operating rate has been stabilized at around 60%, and the operating rate is not high. With the gradual production of caprolactam, the production of nylon 6 chips in China is expected to increase significantly. By the end of 2012, the production capacity of nylon 6 slicing will reach 2 million 350 thousand tons.