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On June 11, leaders from 29 major domestic amino-plastics manufacturers convened in Xiamen to address the challenges and future strategies of the industry as production capacity has quadrupled over the past decade. The meeting focused on how to ensure sustainable and healthy growth amid rising market competition. In response to the growing issue of unregulated and price-based competition, the companies urged an end to destructive low-price battles that threaten long-term stability.
According to the meeting, there are now more than 40 amino-plastics manufacturers in China, with total production capacity exceeding 300,000 tons—making the country the world’s largest producer of amino-plastics. Companies have also made significant progress in technology, equipment, and product quality. However, the rapid expansion has led to fierce competition, with many firms undercutting prices to gain market share. Some industry experts estimate that the actual production cost per ton is around 5,000 yuan, yet some products are being sold as low as 4,800 to 4,900 yuan. This has pushed some companies to use substandard raw materials, compromising product quality in the name of cost-cutting.
Delegates warned that such practices not only harm the industry’s profitability but also put Chinese amino-plastics at risk of anti-dumping investigations abroad. For instance, Pakistan recently imposed anti-dumping duties on Chinese amino-plastics, and similar measures could be taken by India and other countries. One executive compared the situation to a brutal fight where no one wins, and the industry is left bleeding. To prevent further damage, the industry called for the establishment of a formal organization to regulate competition and promote self-discipline.
Following the general assembly, several leading companies, including Fujian Shaxian Hongguang Chemical Co., Ltd., Shanghai Wujing Chemical Company’s Tianshan Plastics Factory, and Guangdong Haotai Group Corporation, were appointed as conveners of the new industry association. The meeting also reached a consensus on key priorities: preventing price wars, avoiding excessive production expansion, enhancing industry regulation, building an online platform for information sharing, and promoting collaboration among enterprises. Additionally, efforts will focus on technology exchange, export development, and improving overall industry efficiency to ensure long-term sustainability.
October 01, 2025