China's import of many petrochemical products decline in June

24 July 2012 10:02  [Source: ICIS news]

SINGAPORE (ICIS)--China import volumes of many petrochemical products in June declined, with significant decreases seen in butyl acrylate (BA), benzene, and isopropanol (IPA), official data showed on Tuesday.

Naphtha imports fell by 30% year on year and 26% month on month to 132,184 tonnes in June while BA fell by 58% year on year or 86% month on month in June to 299 tonnes, according to China Customs data. (please see table below)

The decline in BA imports was a result of high international prices and weak domestic downstream demand, said a source from the BA industry.

Similarly, benzene imports were at 5,862 tonnes in June, down by 79% from May, and IPA imports were at 3,374 tonnes in June, down by 43% from May, the data showed.

However, imports of some petrochemicals rose month on month in June, including that of toluene, styrene monomer (SM), linear low density polyethylene (LLDPE), dioctyl phthalate (DOP), low density polyethylene (LDPE) and phenol.

The country imported 107,304 tonnes of ethylene in June, a 24% year-on-year increase and a 2% rise from May.

China imported 13,941 tonnes of butadiene (BD) in June, up by 130% year on year but a 14% drop from May, as well as 145,658 tonnes of propylene, a 50% year-on-year increase, the data showed.

Jun-2012

IMPORTS

EXPORTS

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Export (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

132,184

-30%

-26%

40,474

-11%

77%

Ethylene

107,304

24%

2%

3

-44%

2459%

Propylene

145,658

50%

3%

0

-

-

Butadiene

13,941

130%

-14%

5,348

-60%

-17%

HDPE

295,191

26%

-5%

11,931

-52%

-8%

LDPE

126,041

30%

3%

5,833

-44%

-13%

LLDPE

162,226

11%

12%

4,224

-70%

-54%

PP

251,180

-6%

-7%

11,746

-30%

-26%

PVC

87,257

8%

-14%

26,642

-62%

-39%

EPS

5,991

-4%

-2%

26,599

13%

1%

Benzene

5,862

-4%

-79%

2,932

-79%

6%

Toluene

80,873

39%

108%

2,194

777%

128%

PX

484,032

40%

-1%

15,261

62%

221%

SM

330,190

35%

22%

0

-100%

-100%

PTA

366,848

-26%

-5%

0

-100%

-

MEG

605,371

-3%

-6%

177

-53%

-34%

ACN

37,343

-12%

-13%

0

-

-

Caprolactam

45,118

9%

-19%

0

-100%

-100%

Phenol

57,208

31%

2%

7,008

-37%

343%

Methanol

267,401

-55%

-36%

10,508

200%

4028%

Acetone

38,640

-6%

-26%

53

-69%

39%

BPA

36,789

-12%

-14%

311

-14%

31000%

IPA

3,374

5%

-43%

110

-91%

-27%

MEK

147

-93%

-18%

5,748

-34%

-43%

Base oil

151,714

-8%

-18%

7,104

-13%

15%

MMA

16,182

203%

-29%

4,822

-52%

15%

PMMA

20,618

35%

-12%

2,340

243%

84%

GAA

4,044

181%

-38%

5,045

9%

-6%

BA

299

-58%

-86%

4,079

-48%

24%

2EHA

2,056

-30%

62%

620

-40%

75%

2-EH

24,227

13%

-20%

1,069

77%

597%

NBA

24,729

-18%

-34%

103

119%

3%

PA

3,312

29%

-31%

184

-89%

-88%

DOP

9,761

610%

11%

699

-55%

38%

Polysilicon

6,911

47%

-12%

183

118%

69%

Source: China Customs


By: Viola Pan
+65 6780 4359



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