Insiders said that the strong expansion in recent years, China 's styrene production capacity has prompted other countries in Asia ( especially Japan ) styrene producers were forced to drop the amount of running or shut-off device . According Chemease data show that in 2015 China styrene capacity will reach 8.43 million tons , about 50 % higher than 2010 's production capacity . And between 2007 to 2010 years , China styrene production capacity has more than doubled , rising to 5.61 million tons . China's current or planned projects being built styrene include : Shanghai Jinshan Chemical in the new set of 60 tons / year plant , expected 2016 production ; CNOOC Zhejiang new set of 60 tons / year plant in 2015 ~ 2016 production ; ShuangLiang chemicals in Jiangsu set of 50 tons / year plant , commissioned in 2015 ; Crawford can Chemical Company in Jiangsu Province set of 50 tons / year plant , commissioned in 2015 ; China Sinopec Jingmen set in Jingmen petrochemical 80,000 tons / year plant , commissioned in 2015 ; China petrochemical Sinopec Jiujiang in Jiangxi set 80,000 tons / year plant , commissioned in 2015 ; trees (Dashu) chemical Company in Zhejiang a 250,000 t / year plant , commissioned in 2015 ; Arbe chemical company in Jiangsu set of 50 tons / year benzene unit , is expected to put into operation by the end of 2014 ; CNOOC Hainan set of 120,000 tons / year plant in 2014 August production.Sellotape
China is the largest importer of petrochemical products in the world's second largest economy , but also in Asia . To achieve the goal of self-sufficiency in petroleum products in recent years, China is a significant increase in petrochemical production capacity . Although China styrene consumption continues to grow , but driven by strong growth in domestic production of styrene by its dependence on imported goods has decreased significantly .Wholesale masking tape
Because of concerns about reducing the amount of the purchase from China , other Asian countries, especially Japan, styrene production capacity is stalled , and China in stark contrast. Such as Mitsubishi Chemical closed in 2011 a set of Kashima , Japan 371,000 tons / year production unit , NEC Chemical Company closed the installation of an 240,000 tons / year in 2012, is located in Chiba , Japan Epoxy ethane company plans to permanently shut down in 2015 means a 425,000 tons / year located in Chiba , Asahi Kasei Chemicals Corporation also announced that it will close in March 2016 located at Mizushima set of 320,000 tons / year plant . Asahi Kasei Chemicals Corporation said that by expanding Chinese influence can be substantial , the supply and demand situation in Asia styrene market will tend to deteriorate. Asahi Kasei Corporation will retain another set of 390,000 tons / year plant , this device is fully supply the product in Japan . The only exception is South Korea's SK Chemicals interim or third quarter of this year will resume a 350,000 tons / year of device that has been idle for five years.
Analysts said that in the coming years styrene demand growth in Asia is expected to remain in the low to mid single digits bit , mainly due to the double impact in the region and weak export demand . Led by China 's economic growth in emerging economies slow down significantly in the near future is difficult to show strong growth momentum over the past few years , the demand for chemicals growth has slowed . The U.S. economic recovery is still in its infancy , the future outlook is still uncertain. The European economy is still weak , the recovery could occur inflection point remains to be seen . In addition, like polystyrene and expanded polystyrene and other major downstream markets will continue to face pressure because of some end products are increasingly being replaced by other plastic products.Masking tape
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