China records significant rise in petrochemical imports in January

27 February 2014 08:12  [Source: ICIS news]

SINGAPORE (ICIS)--China’s imports of major petrochemicals increased in January significantly, with substantial rise in ethyl acetate (etac), methyl ethyl ketone (MEK) and toluene cargoes on a year-on-year basis, according to official data.

The country imported 103,749 tonnes of toluene in January, representing a doubling from a year earlier, according to data from China Customs. (please see table below)

The increase was partly due to December cargoes arriving in the domestic market in January, a source from the toluene industry said.

Imports of etac and MEK were 40 tonnes and 144 tonnes respectively in January, which were triple the imports on an year-on-year basis, the data showed.

Moreover, imports of key feedstock naphtha rose by 51% year on year to 393,821 tonnes in January, while propylene cargoes went up by 40% to 310,341 tonnes.

However, imports of IPA fell by 88% year on year to 1,154 tonnes in January, while the methanol cargoes dropped by 67% to 216,610 tonnes.

China, the world’s second biggest economy, is a major importer of petrochemicals in Asia.

China’s purchasing managers’ index (PMI) dropped to 50.5% in January, down from 51.0% in December last year, still indicating an increase in the country’s manufacturing activities, which above the 50-point threshold, according to the China Federation of Logistics & Purchasing (CFLP).

The new orders index declined by 1.1 percentage points to 50.9% in January, and production index dropped to 53.0%, down by 0.9 percentage points from the previous month, it added.

The decrease in some indexes was mainly because of the slowdown in economic growth amid the Lunar New Year holidays, it said.

201314-Jan

Import

Export

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Export (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

393,821

51%

111%

0

-

-

Ethylene

172,462

14%

10%

0

-100%

-100%

Propylene

310,341

40%

14%

15

-

-

Butadiene

29,020

-62%

-9%

25

-

-99%

HDPE

492,612

32%

13%

12,073

36%

43%

LDPE

247,970

63%

26%

3,748

3%

20%

LLDPE

272,041

12%

11%

2,842

-27%

-30%

PP

588,683

9%

11%

13,791

15%

-12%

PVC

88,292

-8%

16%

55,739

20%

63%

EPS

3,784

24%

-24%

11,818

-37%

-41%

Benzene

82,405

73%

22%

8,972

415%

49745%

Toluene

103,749

169%

10%

54

-42%

-8%

PX

954,545

40%

22%

4,755

-54%

-67%

SM

336,658

9%

0%

0

-100%

-100%

PTA

140,438

-46%

-11%

25,507

1508%

68%

MEG

935,637

31%

46%

451

-79%

190%

ACN

47,498

7%

-7%

0

-

-

Caprolactam

38,774

-2%

30%

6

100%

50%

Phenol

55,074

95%

131%

355

89%

-86%

Methanol

216,610

-67%

-32%

120,242

53104%

2%

Acetone

44,969

6%

12%

31

-7%

-49%

BPA

57,270

6%

5%

5

-97%

8233%

IPA

1,154

-88%

-78%

107

-90%

-96%

MEK

144

219%

-52%

2,597

-30%

-54%

Base oil

237,601

24%

6%

1,214

-35%

-55%

MMA

18,220

-14%

-21%

3,252

-17%

10%

PMMA

20,344

17%

-10%

926

-39%

1%

GAA

5,270

124%

6%

4,492

-65%

-1%

butyl-A

5,107

81%

-19%

4,976

114%

0%

2EHA

2,879

97%

-17%

451

80%

-21%

2-EH

22,131

-38%

-18%

402

78%

-85%

NBA

28,797

-26%

25%

144

364%

140%

PA

5,513

-49%

-35%

41

-37%

81%

DOP

13,044

52%

-12%

496

-47%

82%

Polysilicon

7,471

10%

-13%

746

75%

-36%

alkylbenzene

3,517

62%

27%

10,768

11%

59%

anionic surfactants

4,650

6%

-2%

14,297

7%

23%

Butyl glycol ether

10,670

-35%

61%

112

120%

131%

MIBK

5,690

25%

1%

0

-

-26%

Ethyl acetate

40

242%

60%

25,108

-25%

-48%

 


By: Viola Pan
+65 6780 4359



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