FENGYUAN(SZ:002805)2022-12-06 09:42Group 1: Company Overview - The main business of Shandong Fengyuan Chemical Co., Ltd. is the research, production, and sales of oxalic acid series products, including industrial oxalic acid, refined oxalic acid, and oxalic acid derivatives, belonging to the chemical industry [1]. Group 2: Applications of Oxalic Acid - Oxalic acid is an important chemical raw material widely used in pharmaceuticals (for producing raw materials like streptomycin, tetracycline, sulfanilamide, and vitamin B6), rare earth extraction, fine chemicals, textile dyeing, and other fields [2]. Group 3: Production Capacity and Market Share - The company's total production capacity is 95,000 tons/year, with industrial oxalic acid capacity at 85,000 tons/year and refined oxalic acid capacity at 10,000 tons/year. In 2014, China's oxalic acid production was approximately 340,000 tons, with the company's industrial oxalic acid production at 66,800 tons, accounting for about 20% of the market share [2]. Group 4: Market Outlook - The demand for oxalic acid in traditional application areas such as rare earth and pharmaceuticals is relatively stable. However, new uses for vitamin B6 are expected to increase demand, positively impacting the oxalic acid market. Emerging fields like new materials, new energy, and fine chemicals, including lithium battery cathode materials and energy storage, present significant growth opportunities [2].