Fine chemicals and new materials development is the need for economic restructuring. We believe that China's chemical industry to go through two important stages, is now entering the second phase. In recent years, as people's living standards improve and the accumulation of social wealth, and daily chemical, food, clothing, medicine, electronics, packaging and other consumption-related chemicals started, China's chemical industry is entering a second stage. In the second stage, the company suffered a major bottleneck in the development of the market to expand capacity, technical reserves and environmental constraints. Once the limitations, escalating consumer characteristics and determine the advantages of enterprise is still strong vitality and broad space for development.

Fine chemicals and new materials development is the need for industrial upgrading. By international comparison, China's chemical industry's main product mostly generic bulk goods-based, low value-added, serious overcapacity in some products. Import and export data also show that some high-end products has gradually increased dependence on imports, Copper Chromite (CC) the domestic product structure anomaly prominent. China's resource endowment is not prominent. In labor costs, capital costs slightly improve the situation, the use of limited resources, both the production of high value-added products to meet the needs of social development, in line with the company's own domestic interests, industrial upgrading without delay.

The development of fine chemicals and new materials is also facing some opportunities. Bulk raw materials matching is perfect. New chemical materials, mostly polymer materials on chain length, Triphenyl Bismuth their development needs with the release of upstream capacity. Meanwhile, downstream through the final product in the energy, transportation, construction, infrastructure, household items and other extensive application, enlarge production capacity of raw materials, Octylferrocene to promote the product upgrades. In the "Eleventh Five-Year" period well, including engineering plastics, special rubber, fiber and many other specialty industrial products, technical reserves, while the majority of bulk chemical products ranked in the world, significantly reduce dependence on imports, for the follow-up fine processing of new materials provide a basis for industrial facilities.

In addition, the international financial crisis is also China's fine chemical and new materials development opportunities. The financial crisis faced by the domestic manufacturing labor costs, capital costs rise even more prominent. China's global comparative advantage will change in the domestic part of the industry passive upgrade. At the same time, some of the financial crisis foreign chemical companies in deep mire, 10-Hydroxydecanoic Acid but also for the acquisition of domestic enterprises and the introduction of technology has provided an opportunity. Yantai Wanhua (600 309) Group Bosu's low-cost acquisition of Hungarian company that is a classic case.

China's new fine chemicals suppliers industry is one of seven strategic emerging industries. "Twelve Five" period, China will focus on promotion of 30 new varieties of materials, implementation of the ten demonstration and application projects. Engineering plastics, special rubber, specialty fibers, polyurethane materials, biodegradable materials, polymer membrane materials are key to support the development of new chemical materials.