China’s October output for petrochemical products largely rises

11 December 2012 08:06  [Source: ICIS news]

SINGAPORE (ICIS)--China’s output of major petrochemical products in October has seen a large increase as producers had built up their stocks in advance because of a previously upbeat outlook, industry sources said on Tuesday.

The output of ethylene in the country increased by 2.5% year on year to 1.27m tonnes in October, according to data, which was released later than usual by China Petroleum and Chemical Industry Federation (CPCIF).

However, the total ethylene output between January and October dropped by 2.4% to 12.3m tonnes, compared with the same period a year earlier, CPCIF data showed.

The country’s naphtha output rose by 0.4% year on year to 2.27m tonnes in October. However, the total output of naphtha in the first 10 months of this year decreased by 2.5% year on year to 23m tonnes.

China’s polyethylene (PE) output gained by 1.7% year on year to 867,000 tonnes in October, while its total output for January-October rose by 0.9% to 8.42m tonnes compared with the same period a year earlier.

Domestic crude oil output in October rose by 8.4% year on year to 17.9m tonnes, while total output in January-October saw a 1.4% year-on-year increase at 172m tonnes.

The output of benzene, however, decreased by 21.2% from a year ago to 571,000 tonnes in October because some domestic plants were shut.

As a result, the total output of benzene in January-October fell by 1.3% to 5.41m tonnes, compared with the first 10 months of last year, CPCIF said.

The prices of 65 petrochemical products covered by Chemease, an ICIS service in China, were mixed in the fourth week of October.

Prices of butyl rubber (BR), butyl acrylate and crude benzene rose by 3%, while glycerin prices saw a 2% gain, Chemease data showed.

Acrylonitrile (ACN) prices saw the largest decrease among the products at 7%, followed by a 6% price fall for methylene diphenyl diisocyanate (MDI).

Table: China’s petrochemical output in October 2012

Product

Oct 2012

Jan-Oct 2012

Output (‘000

tonnes)

% change (year on year)

Output (‘000 tonnes)

% change (year on year)

Crude

17,906

8.4

172,110

1.4

Crude processing

39,915

6.7

382,998

2.6

Natural Gas (in bn cbm)

8.67

9.8

86.67

6.2

Gasoline

7,612

8.8

73,271

9.0

Diesel

14,459

4.8

140,828

2.0

Naphtha

2,267

0.4

23,144

-2.5

Ethylene

1,272

2.5

12,327

-2.4

Benzene

571

-21.2

5,410

-1.3

Polyethylene (PE)

867

1.7

8,421

0.9

Polypropylene (PP)

958

15.9

9,123

13.4

Methanol

2,168

10.4

22,025

18.4

Acetic acid

396

-2.2

3,565

2.5

Polyvinyl chloride (PVC)

1,086

1.7

11,109

1.9

Polyester

913

-2.2

9,402

3.0

Fertilizer

6,310

12.1

62,948

12.8

Source: CPCIF


By: Viola Pan
+65 6780 4359



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