China's imports of most petrochemicals continue to rise in Aug

25 September 2012 07:27  [Source: ICIS news]

SINGAPORE (ICIS)--China’s import volumes of most petrochemical products in August continued to increase, with significant increases seen in butyl acrylate (butyl-A), methanol and methyl methacrylate (MMA), official data showed on Tuesday.

Butyl-A imports rose by more than four times to 2,839 tonnes month on month, while methanol imports increased by 64% to 424,571 tonnes and MMA imports rose by 46% to 17,722 tonnes month on month, according to China Customs data. (please see table below)

Butyl-A buyers chose to import more cargoes as some domestic butyl-A producers shut their plants in August, a market source said.

The normal import volumes of methanol is typically at about 40,000 tonnes, so the numbers from China Customs showed that imports have recovered to the normal level. Cargoes from Iran were limited in the past several months and that led to lower import volumes, an industry source said.

China imported 126,472 tonnes of ethylene in August, a 33% rise from July and a 24% year-on-year increase, according to the data.

However, imports of some petrochemicals including naphtha, butadiene (BD), isopropanol (IPA) and expanded polystyrene (EPS) fell month on month in August.

Naphtha imports dropped by 33% year on year and 51% month on month to 118,465 tonnes in August, while BD imports fell by 4% month on month in August to 33,202 tonnes, according to China Customs data.

China imported 4,694 tonnes of EPS in August, down by 25% year on year and 23% from July. It imported 4,888 tonnes of IPA, down by 38% year on year and 24% month on month, the data showed.

China’s petrochemical imports and exports in August 2012

Aug-12

IMPORTS

EXPORTS

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Export (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

118,465

-33%

-51%

0

-23%

-100%

Ethylene

126,472

24%

33%

0

-95%

-66%

Propylene

163,833

12%

15%

0

-100%

-

Butadiene

33,202

194%

-4%

4,460

51%

0%

HDPE

418,114

30%

21%

10,938

58%

4%

LDPE

154,545

-9%

27%

4,071

-35%

4%

LLDPE

244,618

-11%

15%

5,119

23%

-8%

PP

394,971

12%

15%

11,742

-26%

0%

PVC

122,219

24%

21%

42,233

24%

97%

EPS

4,694

-25%

-23%

26,539

23%

-23%

Benzene

12,023

31%

4%

6,567

-55%

32%

Toluene

72,037

46%

-11%

191

516%

81%

PX

467,085

1%

-19%

0

-100%

-

SM

259,932

-25%

-17%

4,882

12105%

275%

PTA

324,852

-30%

-8%

2,981

-

-

MEG

659,089

-2%

12%

297

-4%

42%

ACN

41,941

12%

4%

0

-

-

Caprolactam

63,280

24%

9%

16

-99%

-

Phenol

39,804

-38%

-9%

479

557%

-8%

Methanol

424,571

-5%

64%

184

-99%

24%

Acetone

55,170

3%

9%

110

3579%

160%

BPA

45,037

-26%

6%

1

-100%

651%

IPA

4,888

-38%

-24%

655

835%

309%

MEK

666

-80%

-4%

5,994

-17%

53%

Base oil

128,757

-5%

7%

3,381

-75%

-23%

MMA

17,722

17%

46%

4,038

-13%

-11%

PMMA

19,603

21%

-2%

1,934

54%

66%

GAA

2,639

1%

-52%

3,752

9%

-7%

BA

2,839

-5%

308%

1,867

-8%

-71%

2EHA

2,608

30%

20%

561

120%

52%

2-EH

29,066

25%

26%

327

197%

84%

NBA

34,147

12%

43%

45

-20%

5234%

PA

7,124

-47%

27%

18

-87%

227%

DOP

3,816

-51%

24%

521

-34%

11%

Polysilicon

7,706

19%

8%

166

-4%

199%

Source: China Customs

 

 

 

 

 


By: Viola Pan
+65 6780 4359



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