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Performance Analysis on Chinese Nitric Acid Industry

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Jun 8 2010

Research and Markets (http://www.researchandmarkets.com/research/6992ff/research_report_on) has announced the addition of the "Research Report on the Chinese Nitric Acid Industry, 2010-2011" report to their offering.

By the end of 2009, China's annual production capacity of concentrated nitric acid was about 2.50 million tons. Meanwhile, there were over 30 concentrated nitric acid producers in China, of which 14 producers possess the annual production capacity of 100,000 tons or above.

The global financial crisis in 2008 led to the depression of the whole chemical market in China. At the beginning of 2009, a great many enterprises stopped nitric acid production, resulting in a reduction of market resources. During the downturn of the chemical sector, the Chinese nitric acid market took the initiative to raise prices and enhance promotion to improve the situation for almost half a year. Though the price fluctuated a little within the period, market prosperity was maintained to July 2009.

In 2009-2010, the newly added production capacity of concentrated nitric acid in China was about 300,000 tons. However, with the release of the Emission Standard of Pollutants for the Nitric Acid Industry at the end of 2009, the production devices of nitric acid by the normal pressure method, which contributed 11% to the aggregate production capacity, have been stopped due to their failure to meet the emission standards. Thus, the production capacity of concentrated nitric acid in 2010 will be the same as that in 2009, that is, 2.50 million tons. Besides, in accordance with this standard, other unqualified production devices also need reconstruction. The reconstruction and overhaul of devices will lead to the further reduction of the actual supply in China. As nitric acid is a corrosive strong acid that cannot be stored easily, the import and export volumes are small. Thus, the production basically equals the domestic consumption.

In 2009, the production of concentrated nitric acid in China totalled about 2.06 million tons, rising by 10.70% YOY.

In 2010, the downstream demand in the Chinese nitric acid industry will maintain growth, and is likely to generate a new prosperity cycle. In China, nitric acid is mainly applied in the chemical industry, which takes up over 60% of the total demand. Sub-products like aniline, TDI, MDI and dyes have a higher demand for nitric acid. The nitric acid demand is 25%-30% from aniline and 15% from TDI. As the Chinese economy gradually recovers and the production capacity of TDI & MDI are put into production intensively in 2009-2010, the downstream demand of nitric acid will assume fast growth. However, due to the energy saving and emission reduction policy, the nitric acid production capacity in China in 2010 will be almost the same as that in 2009. Thus, there will probably be short supply in the Chinese nitric acid market and the price is likely to increase.

Readers of this report will be provided with information on the following:

Status quo of the Chinese nitric acid industry
Production of the Chinese nitric acid industry
Demand in the Chinese nitric acid market
Price trends of nitric acid in China
Competition in the Chinese nitric acid market
Major enterprises in the Chinese nitric acid industry and their operations
Prediction for the demand in the Chinese nitric acid market
Contacts of major nitric acid producers in China

This report will be of interest to:

Nitric acid producers
Nitric acid traders
Downstream enterprises of nitric acid
Research institutes interested in the Chinese nitric acid industry
Investors in the Chinese nitric acid industry
Others interested in the Chinese nitric acid industry

Key Topics Covered:

Overview of Nitric Acid
Analysis on State of Development of Global Nitric Acid Industry, 2009-2010
Analysis on Chinese Nitric Acid Market, 2009-2011
Analysis on Downstream Industries of Chinese Nitric Acid Industry, 2009-2010
Analysis on Major Enterprises in Chinese Nitric Acid Industry
Prediction on Development of Chinese Nitric Acid Industry, 2010-2014
Analysis on Investment in Chinese Nitric Acid Industry, 2010-2014

Selected Charts:

Chart: Analysis on Nitric Acid Demand in the World, 2003-2009
Chart: Production Capacity of Nitric Acid in China, 2005-2009
Chart: Nitric Acid Production in China, 2005-2009
Chart: Nitric Acid Demand in China, 2005-2009
Chart: Export Volume of Nitric Acid in China, 2005-2009
Chart: Major Nitric Acid Producers in China
Chart: Production Capacity of Nitric Acid in China by Production Method, 2006-2009
Chart: Prediction on Nitric Acid Production in China, 2010-2014
Chart: Prediction on Nitric Acid Demand in China, 2010-2014
Chart: Price Trend of Nitric Acid in China, 2005-2009
Chart: Prediction on Price Trend of Nitric Acid in China, 2010-2014