China's imports of most petrochemical products drop in February

01 April 2013 04:27  [Source: ICIS news]

SINGAPORE (ICIS)--China’s imports of most petrochemical products year, such as glacial acrylic acid (GAA) and phthalic anhydride (PA), fell in February year on year as a result of subdued domestic demand, according to data from China Customs on Monday.

The data was released later than usual because of the Lunar New Year holiday in February.

Naphtha imports in February tumbled by 38% year on year and 18% month on month to 212,592 tonnes, the data showed.

China imported 1,002 tonnes of GAA in January, a decrease of 73% year on year and down by 57% month on month, according to the data.

The decline of GAA imports was due to domestic capacity expanding gradually and lower Chinese prices than overseas prices, said a GAA trader.

Meanwhile, plasticizer imports fell sharply in response to excess imports previously and falling market prices amid bearish market sentiment, a plasticizer market player said.

PA import volume fell by 71% year on year to 5,498 tonnes, while DOP import volume dropped by 70% year on year to 6,145 tonnes, the data showed.

However, ethylene and propylene showed a significant increase in February year on year as a result of increased demand from the downstream polyethylene (PE) and polypropylene (PP) in view of some new start-ups.

Table: China’s petrochemical imports for February

IMPORTS

EXPORTS

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Export (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

212,592

-38%

-18%

51,288

81%

-

Ethylene

131,913

15%

-13%

0

-88%

-96%

Propylene

239,891

47%

8%

0

-

-

Butadiene

31,208

197%

-59%

0

-100%

-

HDPE

231,478

-39%

-38%

6,693

-41%

-25%

LDPE

99,069

-29%

-35%

2,756

-52%

-24%

LLDPE

111,572

-45%

-54%

2,676

-57%

-31%

PP

211,285

-41%

-45%

8,061

-24%

-10%

PVC

67,440

-40%

-38%

78,467

260%

52%

EPS

2,883

-47%

-5%

16,095

-33%

-14%

Benzene

59,137

-2%

24%

0

-100%

-100%

Toluene

35,451

-50%

-8%

74

-55%

-21%

PX

744,576

65%

9%

13,872

-5%

33%

SM

257,593

-25%

-17%

3,043

-

507139%

PTA

213,031

-55%

-18%

440

-

-72%

MEG

625,218

-6%

-13%

110

-54%

-95%

ACN

52,721

12%

18%

0

-

-

Caprolactam

35,843

-58%

-10%

7

600%

133%

Phenol

30,231

-51%

7%

433

-64%

131%

Methanol

348,866

-11%

-47%

130

-99%

-42%

Acetone

38,031

-54%

-10%

17

-67%

-48%

BPA

41,446

-24%

-23%

180

17900%

4%

IPA

6,905

-53%

-28%

55

-25%

-95%

MEK

1

-98%

-97%

8,684

7%

135%

Base oil

146,485

-18%

-24%

1,194

-93%

-36%

MMA

10,667

-58%

-49%

3,448

3%

-12%

PMMA

11,938

-31%

-31%

1,511

13%

-1%

GAA

1,002

-73%

-57%

13,985

249%

10%

butyl-A

2,001

-17%

-29%

2,608

119%

12%

2EHA

1,192

-32%

-18%

315

13%

26%

2-EH

33,874

-5%

-6%

196

61%

-13%

NBA

36,383

-31%

-7%

39

97%

27%

PA

5,498

-71%

-50%

5

-98%

-92%

DOP

6,145

-70%

-28%

679

50%

-28%

Polysilicon

7,991

5%

18%

376

137%

-12%

alkylbenzene

1,102

-66%

-49%

7,122

49%

-26%

anionic surfactants

2,643

-38%

-40%

9,875

5%

-26%

Source: China Customs

 


By: Viola Pan
+65 6780 4359



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