Aarkstore Enterprise Research Report On China's Oxalic Acid Industry, 2010-2012

Oxalic acid is a kind of important organic raw material mainly used to produce medicines

such as antibiotics and borneol and synthesize intermediates, rare earth metal extraction precipitator, dye reducing agent, tanning agent, metallic equipment purificant, etc. With the expansion of agricultural and medical synthesis and applications, oxalic ester demand was increasing in the past few years. The global demand was about 450,000 tons in 2009, while oxalic acid output in China exceeded 300,000 tons and China's oxalic acid export volume was about 50,000 tons in the same year.

In the pharmaceutical industry, oxalic acid is mainly used for the production of tetracycline, aureomycin, oxytetracycline and other medicines. The development of these medicines in China depends on export situation to a large extent. As China's pharmaceutical industry is developing, it is predicted that the demand for oxalic acid will be gradually on the rise.

Another important application of oxalic acid in China is to smelt rare earth. According to the statistics, it needs 1.4 tons of oxalic acid to smelt one ton of rare earth. In 2010, the demand for oxalic acid in China's rare earth industry was over 150,000 tons.

China's oxalic acid producing enterprises are all featured with a small scale and low market concentration. Currently, the production capability of the largest oxalic acid manufacturer in China reaches 70,000 tons, and its actual output in 2009 was about 40,000 tons. Traditional industrial production approach of oxalic acid needs sulphuric acid and lead, which seriously threats the environment.

At present, oxalic acid production in China generally adopts oxidation of carbohydrate with nitric acid, oxidation of ethylene glycol with mixed acid, oxidation of propylene with nitric acid and other approaches. Besides, sodium formate method causing serious pollution has been basically eliminated in the world.

Since 2008H2, the international financial crisis has posed an impact on oxalic acid export in China. Ordinary oxalic acid production lines of many enterprises have all been suspended due to the lack of orders, and these enterprises have made a transition to R&D and production of electrical grade oxalic acid and rare earth oxalic acid.

Compared with other chemical products, oxalic acid experienced slighter price fluctuations.

In the early 2008, the quotation of 99.6% oxalic acid in the Chinese market was 5,500 CNY/ton, and once increased to over 7,000 CNY/ton, while it dropped to 5,000 CNY/ton (714 USD/ton) in 2009 and 5,600 CNY/ton in December 2010.

For more information please contact :

http://www.aarkstore.com/reports/Research-Report-on-China-s-Oxalic-Acid-Industry-2010-2012-86848.html

http://www.emarketreports.com

From:Aarkstore Enterprise

Contact: Neel

Email: press@aarkstore.com

URL: www.aarkstore.com

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