September 10, 2008

The Essential China Coal Chemical Industry Report 2008 is Out Now

Research and Markets ( has announced the addition of the "China Coal Chemical Industry Report 2008" report to their offering.

According to statistics, currently there are 117 large-scale coal-chemical manufacturers and 385 modern gasifiers in the world; in terms of the type of products, 37 per cent is chemical products, 36 per cent is indirect synthetic Oil, and 19 per cent is for generating electricity. The average growth ratio of global coal-chemical industry production capacity which is based on coal gasification technology is 5 per cent, slightly higher than the average growth rate of chemical industry which is 3.6 per cent.

At present, China is the world's largest coal chemical industry base, by the end of 2006, the output of coke recorded 297.6831 million tons, of calcium carbide was 11.7705 million tons, of synthetic ammonia was 49.3681 million tons and of methanol was 8.747 million tons, all of them ranked in the leading position in the world. In recent years the global crude oil price has been soaring, therefore coal, as the alternative energy source, has become popular.

Taking into account China's natural energy conditions - large quantity of coal and less oil - a compatible strategic choice is to develop a coal chemical industry to reduce import dependence on crude oil. China has been gradually developing the coal chemical industry and producing high value-added coal chemical products. By the end of 2006 the Chinese central government issued "The draft of the medium and long term development of coal chemical industry," which plans that during 2006 to 2020, the total investment of coal chemical industry will be over one trillion yuan, of which 50 per cent of equipment and 10 per cent of technology.

China is a large coke-producing country and the domestic coke industry has blindly expanded in recent years, which caused, the Chinese coke market has revealed, the oversupply situation. According to data provided by the National Bureau of Statistics, in 2007 China recorded 328.94 million tons of coke, accounting for more than 50 per cent of the global output and has been the world's largest producer for many years.

In 2007 China produced 14.82 million tons of calcium carbide, an increase of 18.43 per cent than the same period of 2006; 75 per cent of the total output of calcium carbide is used in PVC production, therefore, PVC has a certain influence on the supply and demand market. The current market of Calcium carbide industry is also in an oversupply circumstance and meanwhile its prices has been raised gradually by the rising price of blue carbon and pale grey.

In 2006 China surpassed the United States became the world's largest methanol consuming country for the first time and also overtook Trinidad and Tobago as the world's largest methanol producer. In 2007 the apparent consumption and output of methanol in China was 10.409 million tons and 10.126 million tons, a year-on-year increase of 24.01 per cent and 35.79 per cent respectively; the output growth rate was much higher than the demand growth rate in the last five years, therefore, the methanol import has gradually substituted by domestic products. Currently, the number of methanol production enterprises is 177 in China, but the whole pattern of methanol industry is the relatively small scale and decentralization. In the next two years, the growth of China's methanol industry is expected to remain around 20 per cent, but, moreover, the production capacity will expand even faster, during 2008-2010 the additional extra production capacity will be over 10 million tons, which will absorb by export, thus, it is estimated that by 2009 China will become a net exporter of methanol.

Key Topics Covered:

1 Overview of Coal Chemical Industry

2 The development of coal chemical industry

3 The development of China's coal chemical industry

4 The sub-sectors of China's coal chemical industry

5 Key Companies

Companies Mentioned:

- China Coal Energy Co.,Ltd

- Ningxia Yinglite Chemical co., Ltd (NYCC)

- Xinjiang Tianye

- Shanxi Sanwei Group Co.,Ltd.

- Yunnan Yunwei Company Limited

- Yuanxing Energy Co.,Ltd

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