26 April 2011 06:42 [Source: ICIS news]
By Judith Wang and Dolly Wu
The country imports hundreds of thousand tonnes of polymers each month, but volumes of plastics taken in notably declined in March, while exports showed sharp year-on-year increases, according to data from China Customs. Export volumes, however, are significantly lower than imports.
It took in 3% less high density polyethylene (HDPE) in March at 357,077 tonnes, while its exports of the same product more than tripled to 21,663 tonnes, according to the data.
For linear low density polyethylene (LLDPE),
Its low density PE (LDPE) imports slumped 45% year on year to 124,136 tonnes in March, while it shipped out 151% more LDPE at 7,000 tonnes.
PP import volume also slipped, down 9% at 339,240 tonnes in March, with a corresponding sharp increase in exports at 15,478 tonnes, nearly double the March 2010 levels, according to China Customs.
“Domestic producers started to export PVC from March for better gains as export prices are higher than domestic prices,” traders said.
ICIS-Chemease assessed the export prices of carbide-based PVC at $1,100-1,110/tonne (€759-766/tonne) FOB (free on board) CMP (
Meanwhile, in the polyester chain,
For most other petrochemical products, however,
The country imported 533,203 tonnes of methanol last month, representing a 20% increase compared to the same period in 2010, while its paraxylene (PX) imports jumped 29% to 440,768 tonnes. It also took in significantly higher volumes of mixed xylenes (MX) in March at 9,773 tonnes.
Base oils imports, meanwhile, were up 14% year on year to 262,244 tonnes, while its naphtha imports jumped 36% year on year to 300,764 tonnes, according to customs data.
($1 = €0.69)
Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections
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