China's PVC paste resin production capacity is projected to enhance by approximately 10.7% in the next 2 years, as reported by OilChem based on the progress of proposed projects.
Source: OilChem
PVC paste resin production capacity has been on an uptrend in recent years, and it reaches 1.495 million tonnes/year in 2023 with the commencement of 60,000 t/y newly-added capacity in Central China in July, up by 16% compared to 1.29 million t/y in 2019, before the breakout of pandemic, resulting in an excess production capacity in the market.
China PVC Paste Resin Proposed Projects in Next 3 Years (Unit: '000 t/y)
|
Region |
Capacity |
Commissioning Time |
|
North China |
120,000 |
2025 |
|
Northeast China |
20,000 |
2025 |
|
Northwest China |
20,000 |
After 2025 |
Source: OilChem
PVC paste resin production capacity will present a rising-to-falling trend in the next 5 years in China, given the proposed projects and the estimated elimination of backward production capacities learnt by OilChem.
China PVC Paste Resin Estimated Backward Capacity Elimination (Unit: '000 t/y)
|
Region |
Capacity |
Elimination Possibility |
|
North China |
100,000 |
High |
|
East China |
40,000 |
Medium |
|
Northwest China |
35,000 |
Medium |
Source: OilChem
PVC paste resin operating rate is anticipated to hover around 60%-70% in 2024, with an estimated annual output of 1 million tonnes or so in China.
Written by Ariel Guo, gq@oilchem.net
Edited by Navy Liu, liuchuanjun@mysteel.com
