China petrochemical import demand softens in January

27 February 2012 10:55  [Source: ICIS news]

SINGAPORE (ICIS)--China's petrochemical import demand softened in January, industry sources said on Monday.

The world’s second-largest economy imported 93,172 tonnes of polyvinyl chloride (PVC) in January, down by 42% year on year and by 29% month on month, according to data from China Customs released over the weekend.

Acrylonitrile (ACN) imports were at 40,020 tonnes in January, down by 33% year on year and by 15% month on month, the data showed.

“Many ACN factories in Asia shut down the plants for maintenance in January, which [caused] spot supply of ACN [to] decline,” a domestic ACN market player said. “The weak downstream during the country’s Lunar New Year also made ACN demand [decline].”

The country’s phenol and acetone imports dropped by 22% and 30% year on year to 53,299 tonnes and 57,796 tonnes respectively in January, according to the data.

Although benzene imports of 44,829 tonnes in January were down by 12% month on month, they more than doubled year on year, the data showed.

“Import benzene prices [rose] in December 2011, which [caused the] benzene import volume drop in January," said an industry source in the benzene market.

Other petrochemical imports that showed a year-on-year decline in January included propylene, styrene monomer (SM), bisphenol-A (BPA) and 2-ethylhexanol (2-EH).

2012-Jan

Import

Export

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Export (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

362,674

33%

63%

87,692

50%

196%

Ethylene

107,869

1%

2%

0

-100%

-100%

Propylene

155,939

-6%

-25%

0

 

 

Butadiene

29,358

27%

-26%

4,047

-

-9%

HDPE

288,042

-13%

-22%

6,560

-4%

-37%

LDPE

116,859

10%

-9%

4,893

15%

11%

LLDPE

150,750

-29%

-28%

3,103

88%

13%

PP

282,795

-27%

-25%

9,350

-9%

-16%

PVC

93,172

-42%

-29%

13,789

28%

-24%

EPS

3,350

-47%

-41%

28,830

58%

-5%

Benzene

44,829

264%

-12%

3,428

-44%

-50%

Toluene

62,686

59%

1%

147

-3%

-21%

MX

13

550%

-32%

43

-99%

-62%

PX

449,415

17%

10%

14,320

-67%

-5%

SM

302,129

-8%

-21%

2

567%

-

PTA

435,126

-7%

-10%

0

-100%

-

MEG

708,726

7%

-4%

276

-89%

-44%

ACN

40,020

-33%

-15%

0

-

-

Caprolactam

64,864

20%

-6%

12

-98%

200%

Phenol

53,299

-22%

-20%

1,068

404%

209%

Methanol

400,133

2%

-18%

8,279

2045%

2409%

Acetone

57,796

-30%

-37%

84

91%

-51%

BPA

40,982

-20%

-30%

2

-100%

-98%

IPA

10,728

26%

30%

92

-16%

441%

MEK

1,604

-32%

522%

8,057

305%

74%

Base oil

156,537

-18%

15%

11,378

-25%

32%

MMA

9,991

11%

-43%

3,602

-7%

0%

PMMA

12,847

-36%

-33%

572

-43%

-55%

GAA

3,063

-39%

27%

3,285

49%

6%

BA

2,863

12%

-53%

623

-82%

9%

2EHA

753

-71%

-56%

54

-80%

-28%

2-EH

31,523

-10%

-25%

240

-82%

-22%

NBA

56,177

6%

10%

55

139%

-52%

PA

13,462

56%

-25%

143

204%

131%

DOP

5,875

23%

0%

225

-71%

-38%

Polysilicon

4,682

-15%

-23%

68

-61%

28%


Source: China Customs


By: Rachel Yang



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