![bdo central marketplace current bdo central marketplace current](https://lasopacrystal362.weebly.com/uploads/1/2/5/7/125737709/762079737.gif)
Finally, this was followed by Markor Chemical, also in Xinjiang province, shutting down two units with a total production capacity of 160,000 tons BDO per year for maintenance in the beginning of June. Just a few hours later came news of the next shutdown: Ningxia Energy Chemical, a joint venture between Sinopec Great Wall Energy Chemical and Guodian Younglight Energy Chemical in the northwest province of Ningxia, unexpectedly closed down its plant, which produced 100,000 tons of BDO each year, due to technical problems, without giving details of when the facility is to start up again.
![bdo central marketplace current bdo central marketplace current](https://i.ytimg.com/vi/VICSRYrUz2A/maxresdefault.jpg)
On the same day Kaixiang Chemical, based in the central Henan province, reported the closure of two production units, each making 45,000 tons of BDO per year, for scheduled maintenance. The official justification for this measure is the laying of a supply pipeline for production with acetylene, which represents an obstacle to the construction of a railway line. The chain of events was started by Tianye, in the northwestern province of Xinjiang, which announced the shutdown of three facilities, with total installed capacity of 150,000 tons per year. Reports published at regular intervals in May by industry journal ICIS Chemical News in Singapore have therefore attracted a lot of attention: Four important BDO production sites were closed down in China in a period of just two weeks. This price drop has affected non-Asian BDO producers in particular, who can barely export any BDO because of overcapacity in Asia, as supply by local manufacturers has continually exceeded demand in recent years. During the last 12 months the price has fallen almost 50% in China. This trend already has triggered a dramatic reduction in the price of BDO. A capacity of 1.7 million tons per year in China today compares with local demand of just 550,000 tons.Īccording to the “China Chemical Reporter,” this gap probably will broaden by 2018, when a total installed capacity of 2.8 million tons per year will exceed local consumption in China - about 700,000 tons per year - four-fold. BDO has boomed almost explosively in China: In the past 12 months more capacity has been built in China than in the entire Western world in the last 70 years. The alcohol’s production capacities have been expanded further in recent years, triggered by the growth of its diverse applications. 1,4-Butanediol (BDO) is an important chemical intermediate product and raw material for plastics, solvents and synthetic fibers.