Accelerating the localization of adiponitrile will help further broaden the downstream demand pattern of butadiene

Recently, with the announcement of Shenma's ( 600810 ) plan to build 50,000 tons of adiponitrile project and Huafeng Group’s nylon 66 integration project and the annual production of 300,000 tons of adiponitrile project started in Chongqing, China’s adiponitrile The status quo of dependence on imported products will change significantly.

Recently, with the announcement of Shenma's ( 600810 ) plan to build 50,000 tons of adiponitrile project and Huafeng Group’s nylon 66 integration project and the annual production of 300,000 tons of adiponitrile project started in Chongqing, China’s adiponitrile The status quo of dependence on imported products will change significantly.

Progress of China's self-developed adiponitrile projectProgress of China's self-developed adiponitrile project

Adiponitrile is a key intermediate in the production of nylon 66.

Adiponitrile is a key intermediate in the production of nylon 66.

After a period of technological accumulation, some domestic companies have achieved technological breakthroughs.

New changes in the downstream consumption pattern of butadiene in China in the futureNew changes in the downstream consumption pattern of butadiene in China in the future

According to tracking data, in 2020 , China's butadiene downstream consumption structure will still occupy the main position in butadiene rubber, styrene butadiene rubber, SBS and ABS .

According to tracking data, in 2020 , China's butadiene downstream consumption structure will still occupy the main position in butadiene rubber, styrene butadiene rubber, SBS and ABS .
However, with the impact of global public health events, major changes have taken place in the demand for nitrile latex and ABS .
In addition, according to the analysis of changes in the industry’s long-term profitability and return on investment , China’s new butadiene downstream capacity will be significantly concentrated in the next five years.
In ABS , nitrile latex, adiponitrile, and SBS , although styrene butadiene rubber and butadiene rubber are also newly added, the supply growth is expected to be far less than the above four varieties.
According to the monitored progress of downstream butadiene production, Zhuochuang predicts that China's butadiene downstream consumption structure will undergo a relatively large change in 2025 .
Change one, styrene butadiene rubber, as the second-largest consumer downstream product, will fall to the third place.
Change two, ABS will become the second largest downstream consumer of butadiene.
Change three, the project for the production of adiponitrile by butadiene cyanidation has been implemented, and adiponitrile will become the fifth largest downstream consumer of butadiene.
The competition for butadiene resources among various downstream fields will become more intense.