China’s petrochemical imports largely lower in November

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

SINGAPORE (ICIS)--China’s import volumes of petrochemicals in November largely dropped year on year, with significant decreases seen for isopropanol (IPA), purified terephthalic acid (PTA) and phenol, official data showed on Monday.

IPA imports fell by 60% to 4,129 tonnes year on year, but increased by 39% month on month. PTA and phenol import volumes dropped by 56% and 54% to 216,653 tonnes and 27,777 tonnes year on year, respectively, according to China Customs data. (please see table below)

The decrease in IPA imports resulted from ample supply in the domestic market this year, which prompted most traders to cut their imports from overseas markets, an IPA market source said.

Expansions in PTA domestic capacities caused imports to drop, according to market participants. Furthermore, some overseas PTA producers were suffering major losses because of high feedstock paraxylene (PX) prices and reduced their plant operating rates as a result, a PTA market participant said.

However, imports of some petrochemicals increased year on year in November, including that of butadiene (BD), naphtha and glacial acrylic acid (GAA).

BD imports increased by 96% year on year to 55,138 tonnes in November, while naphtha volumes rose by 59% year on year to 460,781 tonnes in the same period, according to China Customs data.

China imported 5,078 tonnes of GAA in November, a 58% rise compared with the same period a year earlier. The country imported 78,097 tonnes of benzene, up by 50% year on year, the data showed.

China’s petrochemical imports and exports in November 2012

 Nov-12   IMPORTS       EXPORTS    
Product Import YoY MoM Export YoY MoM
  (tonnes) growth growth (tonnes) growth growth
    (%) (%)   (%) (%)
Naphtha 460,781 59% 105% 22,984 -19% -
Ethylene 144,654 19% 8% 0 -100% -100%
Propylene 243,534 22% -8% 1 - -
Butadiene 55,138 96% 41% 1,485 -50% -
HDPE 342,164 -3% 9% 11,538 68% 40%
LDPE 131,536 -6% -10% 5,189 6% 3%
LLDPE 202,414 -8% 12% 4,629 12% -5%
PP 355,034 -2% 13% 7,249 -23% -20%
PVC 93,915 -20% -6% 38,089 197% -25%
EPS 3,755 -42% -14% 18,662 -21% 13%
Benzene 78,097 50% 2% 4,248 424690% -52%
Toluene 54,615 -20% 29% 77 -31% 66%
PX 543,823 8% 6% 24,793 -30% -53%
SM 252,313 -18% 36% 2 - 30900%
PTA 216,653 -56% -6% 1,000 3900% -
MEG 625,544 -8% 0% 5,176 1454% 3527%
ACN 40,297 20% -31% 0 - -
Caprolactam 37,638 -33% -24% 1,778 17685% 22131%
Phenol 27,777 -54% -32% 505 411% -29%
Methanol 468,419 -9% -1% 5,196 857% 3514%
Acetone 50,381 -30% 33% 24 -57% -68%
BPA 45,439 -13% 0% 3 -100% 0%
IPA 4,129 -60% 39% 135 336% -23%
MEK 722 -50% 305% 10,170 -25% 1%
Base oil 148,019 -2% -2% 2,006 -91% 61%
MMA 20,077 36% -13% 4,009 15% 5%
PMMA 19,076 3% -3% 1,663 103% -24%
GAA 5,078 58% 59% 8,567 209% 100%
butyl-A 4,627 -1% 11% 1,937 1541% 110%
2EHA 1,401 -14% -34% 973 441% 10%
2-EH 28,759 -39% -24% 194 19% -43%
NBA 38,756 -19% -5% 982 719% 67182%
PA 6,335 -45% -34% 52 -82% 316%
DOP 4,069 6% -45% 398 -39% 37%
Polysilicon 5,772 6% 1% 410 512% 325%
Source: China Customs
By: Viola Pan
+65 6780 4359



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