China imports more olefins, less polymers in Dec

25 January 2008 07:25  [Source: ICIS news]

SINGAPORE (ICIS news)--China imported more olefins but less polymers in December 2007 compared with the same month a year ago, statistics from the country’s customs bureau showed on Friday.

Its ethylene imports surged 426% to 65,223 tonnes while imports of propylene climbed 82% to 75,702 tonnes. Its butadiene (BD) imports soared 169% to 9,567 tonnes.

The country’s imports of polymers, however, fell in December. Imports of high density polyethylene (HDPE), low density PE (LDPE) and linear low density PE (LLDPE) fell 31%, 21% and 24% respectively.

Polypropylene (PP) imports fell 16% to 251,179 tonnes while imports of polyvinyl chloride (PVC) fell 13% to 106,136 tonnes.

Imports of polystyrene (PS) dipped 7% to 110,015 tonnes.

China imported more aromatics in December last year compared with the same month in 2006, with the exception of toluene, which saw imports dip 60% to 25,839 tonnes.

Exports of benzene, toluene and mixed xylenes (BTX) fell last month. Only paraxylene (PX) exports saw a slight rise of 1% to 25,465 tonnes.

The country continued to be a strong importer of naphtha in 2007, as imports rose 67.1% last year compared with the year before. It also exported slightly more naphtha last year compared with 2006.

China exported less olefins in 2007 while imports of ethylene and propylene last year more than doubled compared with the previous year.

Its imports of PVC fell slightly but exports rose 51% despite a cut in export tax rebates.

The country remained a net importer of aromatics in 2007 despite imports of BTX declining year-on-year.

In 2007, China saw its imports of methanol fall as exports rose three-fold to 562,685 tonnes. Imports of purified terephthalic acid (PTA) decreased in 2007 compared with 2006 but monoethylene glycol (MEG) imports rose slightly.

Product

Period

Import (tonnes)

Export (tonnes)

Naphtha

Dec 2007

37939

(-56%)

146352 (45%)

Dec 2006

86800

100624

2006

639178

1573068

2007

1068131

1738920

Olefins

Ethylene

Dec 2007

65223 (426%)

0 (NA)

Dec 2006

12402

12467

2006

117366

128725

2007

509821

49656

Propylene

Dec 2007

75702 (82%)

2 (0%)

Dec 2006

41522

2

2006

321158

1538

2007

727804

86

Butadiene

Dec 2007

9567 (169%)

12607 (202%)

Dec 2006

3563

4168

2006

89159

26941

2007

111186

24708

Polymers

HDPE

Dec 2007

182537

(-31%)

1725 (25%)

Dec 2006

265480

1381

2006

2419487

20007

2007

2091227

37946

LDPE

Dec 2007

64727

(-21%)

671

(-48%)

Dec 2006

81798

1295

2006

931791

14772

2007

772597

15575

LLDPE

Dec 2007

128516

(-24%)

248 (25%)

Dec 2006

169882

199

2006

1540592

4846

2007

1670555

6856

PP

Dec 2007

251179

(-16%)

2248

(-11%)

Dec 2006

300611

2518

2006

2944674

26237

2007

3070064

31128

PVC

Dec 2007

106136

(-13%)

76737 (135%)

Dec 2006

121414

32610

2006

1452150

499377

2007

1303878

752978

PS

Dec 2007

110015

(-7%)

23548

(-6%)

Dec 2006

117922

25141

2006

1319142

188376

2007

1323681

308008

ABS

Dec 2007

173696 (2%)

2910

(-2%)

Dec 2006

170044

2955

2006

2014742

19577

2007

2172748

32357

PC

Dec 2007

89693 (14%)

25923 (44%)

Dec 2006

78895

18002

2006

899271

185437

2007

1020757

306129

Aromatics

Benzene

Dec 2007

27987 (87%)

5857

(-1%)

Dec 2006

14959

5938

2006

297654

189851

2007

248736

56129

Toluene

Dec 2007

25839

(-60%)

380

(-22%)

Dec 2006

64699

485

2006

567137

2627

2007

444638

2108

MX

Dec 2007

156 (27%)

3 (-77%)

Dec 2006

123

13

2006

10287

91

2007

6868

93

PX

Dec 2007

268610 (21%)

25465 (1%)

Dec 2006

222885

25245

2006

1840172

97796

2007

2903062

251970

Intermediates

SM

Dec 2007

249892 (38%)

5 (-81%)

Dec 2006

180467

26

2006

2343044

5917

2007

3101454

164

PTA

Dec 2007

438401

(-36%)

0 (NA)

Dec 2006

689936

0

2006

7004327

6

2007

5992544

47

MEG

Dec 2007

354881 (10%)

77 (33%)

Dec 2006

323600

58

2006

4061283

911

2007

4801753

2088

ACN

Dec 2007

22646

(-22%)

0 (NA)

Dec 2006

28939

0

2006

324477

51941

2007

435542

1996

Caprolactam

Dec 2007

43067 (6%)

 (-100%)

Dec 2006

40586

5

2006

444561

34

2007

472480

28

Phenol

Dec 2007

48530 (61%)

32 (-57%)

Dec 2006

30146

74

2006

284622

388

2007

456902

375

Others

Methanol

Dec 2007

31710 (48%)

108084 (58%)

Dec 2006

21468

68267

2006

1127297

190033

2007

845045

562685

Acetone

Dec 2007

32652

(-17%)

34 (-19%)

Dec 2006

39503

42

2006

395945

508

2007

481759

652

BPA

Dec 2007

44231 (33%)

5 (-78%)

Dec 2006

33146

23

2006

359552

3599

2007

460523

2122

IPA

Dec 2007

2771

(-68%)

179 (74%)

Dec 2006

8676

103

2006

95773

1177

2007

109828

1321

MEK

Dec 2007

4290

(-57%)

50 (194%)

Dec 2006

10027

17

2006

94478

28061

2007

87607

18934

MIBK

Dec 2007

3392

(-38%)

 (-100%)

Dec 2006

5458

13

2006

44860

101

2007

46732

58

Ethanol

Dec 2007

11 (38%)

5360

(-94%)

Dec 2006

8

86317

2006

5930

970721

2007

154

110717

Source: China Customs


By: Jeanne Lim
+65 6780 4359



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