China posts sharp rise in Nov olefins imports

27 December 2007 05:25  [Source: ICIS news]

SINGAPORE (ICIS news)--China posted a sharp rise in November olefins imports compared with the same period a year ago, but naphtha buying fell, statistics from the customs bureau showed on Thursday.

Butadiene (BD) imports more than quadrupled to 13,064 tonnes in November compared with the same month of 2006. The country is expected to import more BD next year when more synthetic rubber units come on stream.

Naphtha imports fell 47% to 39,977 tonnes while imports rose 23% to 224,587 tonnes. China is a net exporter of naphtha, but its surplus fell to around 560,000 tonnes in the first 11 months this year from close to 1m in 2006 as a new non-integrated cracker came on stream.

A recent petroleum crisis has also forced Sinopec and PetroChina to divert naphtha feedstock meant for crackers to produce more refined oil products.

Imports of most polymers rose in November from the same month a year ago except for high density polyethylene (HDPE) and low density PE (LDPE).

During the same period, styrene monomer (SM) imports nearly doubled to 310,993 tonnes and as deep-sea cargoes flooded the market, prices fell. 

Product

Period

Import (tonnes)

Export (tonnes)

Naphtha

Nov 2007

37977 (-47%)

224587 (23%)

 

Nov 2006

71644

183146

Olefins

 

 

 

Product

Period

Import (tonnes)

Export (tonnes)

Ethylene

Nov 2007

65749 (254%)

 (-100%)

 

Nov 2006

18582

806

Propylene

Nov 2007

78420 (177%)

7 (NA)

 

Nov 2006

28268

0

Butadiene

Nov 2007

13064 (305%)

667 (-82%)

 

Nov 2006

3227

3693

Polymers

 

 

 

Product

Period

Import (tonnes)

Export (tonnes)

HDPE

Nov 2007

175370 (-8%)

1983 (63%)

 

Nov 2006

191065

1216

LDPE

Nov 2007

63403 (-7%)

1063 (-15%)

 

Nov 2006

68525

1248

LLDPE

Nov 2007

127831 (5%)

543 (178%)

 

Nov 2006

121637

195

PP

Nov 2007

264324 (7%)

2855 (42%)

 

Nov 2006

247108

2012

PVC

Nov 2007

111856 (0.1%)

47174 (180%)

 

Nov 2006

111703

16826

PS

Nov 2007

120470 (10%)

15403 (-37%)

 

Nov 2006

109681

24576

ABS

Nov 2007

196469 (16%)

2883 (8%)

 

Nov 2006

170023

2681

PC

Nov 2007

95193 (21%)

30510 (76%)

 

Nov 2006

78799

17308

Aromatics

 

 

 

Product

Period

Import (tonnes)

Export (tonnes)

Benzene

Nov 2007

8732 (-51%)

7602 (54%)

 

Nov 2006

17854

4926

Toluene

Nov 2007

27325 (-62%)

228 (-51%)

 

Nov 2006

72540

466

MX

Nov 2007

124 (-23%)

5 (-62%)

 

Nov 2006

162

13

PX

Nov 2007

258499 (-7%)

34973 (177%)

 

Nov 2006

278343

12645

Intermediates

 

 

 

Product

Period

Import (tonnes)

Export (tonnes)

SM

Nov 2007

310993 (66%)

11 (10%)

 

Nov 2006

187706

10

PTA

Nov 2007

448770 (-25%)

 (NA)

 

Nov 2006

595168

0

MEG

Nov 2007

377891 (21%)

125 (108%)

 

Nov 2006

311167

60

ACN

Nov 2007

32651 (-7%)

 (-100%)

 

Nov 2006

35263

1983

Caprolactam

Nov 2007

39172 (54%)

2 (NA)

 

Nov 2006

25376

0

Phenol

Nov 2007

45964 (133%)

50 (733%)

 

Nov 2006

19750

6

Others

 

 

 

Product

Period

Import (tonnes)

Export (tonnes)

Methanol

Nov 2007

133479 (87%)

23813 (-5%)

 

Nov 2006

71227

24963

Acetone

Nov 2007

47420 (13%)

11 (-88%)

 

Nov 2006

41973

91

BPA

Nov 2007

47574 (29%)

750 (3471%)

 

Nov 2006

36946

21

IPA

Nov 2007

11972 (92%)

163 (504%)

 

Nov 2006

6225

27

MEK

Nov 2007

4687 (-59%)

23 (-98%)

 

Nov 2006

11483

1483

MIBK

Nov 2007

4225 (101%)

 (NA)

 

Nov 2006

2098

0

Ethanol

Nov 2007

6 (-68%)

4266 (-96%)

 

Nov 2006

19

97210

Source: China Customs


By: Florence Tan
+65 6780 4359



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