China’s benzene imports surge in December on lower prices

31 January 2012 08:27  [Source: ICIS news]

SHANGHAI (ICIS)--China’s petrochemical imports in December showed a balanced picture with import volumes rising for some products and decreasing for others with benzene surging threefold, according to data from China Customs on Tuesday.

Benzene import volume rose more than three times in December year on year to 50,955 tonnes, according to the data.

“A lot of benzene traders ordered import contracts earlier in November on lower Asian prices. Now the cargoes have mostly arrived,” an industry source in the benzene market said.

Ethylene imports were at 105,536 tonnes in December, up by 19% year on year but down by 13% month on month, the data showed.

Phthalic anhydride (PA) import volume was 17,921 tonnes in December, increased 206% year on year and 56% month on month, the data showed.

Naphtha imports were at 222,873 tonnes in December, down by 23% month on month and 45% year on year.

Other petrochemical products that showed a year-on-year decline in imports in December included methyl ethyl ketone (MEK), polyvinyl chloride (PVC) and toluene.

2011-Dec

Import

Export

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Export (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

222,873

-45%

-23%

29,650

-

4%

Ethylene

105,536

19%

-13%

71

-99%

1675%

Propylene

207,239

8%

4%

1

-

-

Butadiene

39,516

2%

40%

4,437

-51%

49%

HDPE

368,763

22%

4%

10,369

57%

51%

LDPE

128,504

23%

-8%

4,392

-36%

-10%

LLDPE

208,237

-16%

-5%

2,758

16%

-33%

PP

376,245

-5%

4%

11,087

63%

17%

PVC

132,001

-21%

12%

18,042

124%

41%

EPS

5,669

-18%

-12%

30,457

12%

29%

Benzene

50,955

316%

-2%

6,821

-43%

682000%

Toluene

62,187

-12%

-9%

185

-19%

65%

MX

19

533%

-10%

112

149%

93%

PX

406,941

33%

-19%

15,062

-48%

-57%

SM

381,845

10%

24%

-

-

-

PTA

483,144

9%

-3%

0

-100%

-100%

MEG

742,106

30%

9%

494

-73%

48%

ACN

47,112

10%

41%

-

-

-

Caprolactam

69,122

19%

24%

4

-75%

-60%

Phenol

66,278

12%

9%

346

-84%

249%

Methanol

488,723

0%

-5%

330

-39%

-39%

Acetone

91,133

10%

27%

170

-37%

209%

BPA

58,907

27%

13%

100

-90%

-92%

IPA

8,265

10%

-19%

17

-84%

-45%

MEK

258

-92%

-82%

4,626

29%

-66%

Base oil

136,000

-6%

-10%

8,631

-42%

-61%

MMA

17,383

66%

17%

3,611

-29%

4%

PMMA

19,043

-14%

3%

1,265

36%

54%

GAA

2,420

-38%

-25%

3,093

56%

12%

BA

6,124

37%

31%

570

-70%

383%

2EHA

1,719

-5%

6%

75

-78%

-58%

2-EH

42,078

30%

-10%

307

-87%

88%

NBA

51,082

9%

6%

115

42%

-4%

PA

17,921

206%

56%

62

107%

-78%

DOP

5,852

14%

52%

365

-69%

-44%

Polysilicon

6,070

8%

12%

53

-77%

-21%

Source: China Customs

 


By: Dolly Wu
+65 6780 4359



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