China's Dec import of some petrochemicals declines, rises for others

23 January 2013 07:38  [Source: ICIS news]

SINGAPORE (ICIS)--China’s import volumes of many petrochemical products in December slipped year on year, with significant decreases seen in methyl ethyl ketone (MEK), phthalic anhydride (PA) and dioctyl phthalate (DOP), official data showed on Wednesday.

MEK imports slumped by 81% to 50 tonnes year on year, and plummet by 93% month on month. PA and DOP dropped by 66% and 59% to 6,122 tonnes and 2,429 tonnes year on year respectively, according to China Customs data.

Weak demand from downstream sectors such as dioctyl phthalate (DOP) and unsaturated polyester resin (UPR) sectors have resulted in the decrease of imports, a PA market source said.

Moreover, PA overseas prices are much higher than domestic prices, which put a high cost pressures on importers, the market source added.

Taiwan is a main supplier of DOP to China but its factories were unwilling to sell cargoes in December as they expected better prices for their cargoes in January, a market source from the DOP industry said.

However, imports of some petrochemicals rose year on year in December, including that of glacial acrylic acid (GAA), naphtha, paraxylene (PX) and butadiene (BD).

BD imports increased by 48% year on year to 58,480 tonnes in December while naphtha rose by 60% year on year to 357,251 tonnes, according to China Customs data.

China imported 4,114 tonnes of GAA in December, a 70% rise compared with the same period last year, as well as 634,993 tonnes of PX, up by 56% year on year, the data showed.

China’s petrochemical imports and exports in December 2012

Dec-12

IMPORTS

EXPORTS

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Export (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

357,251

60%

-22%

0

-100%

-100%

Ethylene

138,515

31%

-4%

3

-95%

-

Propylene

232,155

12%

-5%

0

-100%

-100%

Butadiene

58,480

48%

6%

2,956

-33%

99%

HDPE

346,711

-6%

1%

9,736

-6%

-16%

LDPE

122,253

-5%

-7%

4,441

1%

-14%

LLDPE

232,953

12%

15%

3,397

23%

-27%

PP

375,933

0%

6%

9,264

-16%

28%

PVC

87,043

-34%

-7%

34,163

89%

-10%

EPS

4,031

-29%

7%

19,704

-35%

6%

Benzene

64,212

26%

-18%

4,333

-36%

2%

Toluene

37,371

-40%

-32%

96

-48%

24%

PX

634,993

56%

17%

4,921

-67%

-80%

SM

292,328

-23%

16%

1

-

-71%

PTA

251,958

-48%

16%

0

-

-100%

MEG

639,584

-14%

2%

267

-46%

-95%

ACN

49,298

5%

22%

0

-

-

Caprolactam

35,461

-49%

-6%

10

150%

-99%

Phenol

31,720

-52%

14%

6,142

1675%

1115%

Methanol

535,752

10%

14%

26,422

7907%

408%

Acetone

59,253

-35%

18%

44

-74%

88%

BPA

47,146

-20%

4%

7

-93%

129%

IPA

6,344

-23%

54%

964

5568%

613%

MEK

50

-81%

-93%

1,487

-68%

-85%

Base oil

173,453

28%

17%

4,261

-51%

112%

MMA

16,651

-4%

-17%

3,759

4%

-6%

PMMA

18,178

-5%

-5%

1,552

23%

-7%

GAA

4,114

70%

-19%

11,206

262%

31%

butyl-A

4,212

-31%

-9%

937

64%

-52%

2EHA

2,339

36%

67%

623

730%

-36%

2-EH

35,236

-16%

23%

280

-9%

44%

NBA

39,075

-24%

1%

106

-8%

-89%

PA

6,122

-66%

-3%

15

-76%

-71%

DOP

2,429

-59%

-40%

959

163%

141%

Polysilicon

6,754

11%

17%

244

361%

-40%

Source: China Customs

 


By: Viola Pan
+65 6780 4359



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