In recent years, the domestic caprolactam production capacity showed a steady growth trend, from 2,015,000 tons in 2014 to 3.27 million tons in 2017, an average annual growth rate of 17.67%. However, the downstream growth slowed down, the problem of overcapacity gradually highlighted the market investment Enthusiasm began to cool down.
This year, caprolactam production showed a substantial growth trend, the end of the year, the new capacity of 800,000 tons, an increase of 29.96% since this year, domestic caprolactam enterprises increased profitability, increased / expanded caprolactam production capacity increased significantly.In early February, Shanxi Yang Coal 100,000 tons / year new unit put into operation, but due to environmental protection and plant problems production has been unstable.In the second half, domestic caprolactam new unit began to focus on production .7 end of July, Fujian Shenyuan its 200,000 tons / year new plant began Put into operation, the second 200,000 tons / year new unit put into operation in November. Shanxi Lumbo its 100,000 tons / year new unit put into operation by the end of September. Shanxi Yangshan its second 100,000 tons / year new plant put into operation by the end of October By the end of November, Baling Heng Yi caprolactam off 300,000 tons.
Caprolactam production capacity will continue to steady growth next year.According to preliminary statistics, caprolactam new production capacity of 500,000 tons / year, an increase of 14.4%. Shandong Fangming Chemical expanded its 100,000 tons / year plant is expected to be put into operation next year; Hubei Sanning chemical expansion 100,000 tons / year plant is expected to put into operation next year; Zhejiang Baling Heng Yi expansion 100,000 tons / year plant will be put into operation next year; Luxi Chemical its 200,000 tons / year new unit postponed to next year Put into production.
In recent years, the downstream nylon chip production growth rate slowed down in 2017, production capacity increased 310,000 tons, while most new capacity-producing enterprises operating load is low, 2018 plan to increase production capacity of about 300,000 tons of downstream demand growth rate less than the raw material caprolactam Capacity growth, caprolactam crisis of overcapacity. Coupled with the domestic supply-side reform and environmental protection pressure, and the supply of raw materials is relatively tight, the overall operating load of the company is greatly affected. And 2018 caprolactam new capacity for the long-term extension of the long-term investment plan , It is still unknown whether the project can be completed as scheduled, but after 2018, caprolactam companies have not heard of new or expanded production plans, and the industry investment enthusiasm began to cool down.