China’s imports of most petrochemical products rise in April

23 May 2014 12:01 Source:ICIS News

SINGAPORE (ICIS)--China’s imports of most petrochemicals showed a year-on-year increase in April, with a significant rise in volumes of glacial acrylic acid (GAA), butyl acrylate (butyl-A) and dioctyl phthalate (DOP), official data showed on Friday.

The country’s intakes of GAA surged to 5,077 tonnes in April compared to the same period in 2013, data from China Customs showed.

Butyl-A import volumes surged to 2,363 tonnes in April from the same period one year earlier, but down 49% on a month-on-month basis, according to the data.

The sharp increase in the imports of GAA and butyl-A was mainly attributed to a large number of cargoes were arrived in April due to the soared orders in the first three months this year in light of the mass shutdowns, a market source from the acrylic acid and acrylate esters industry said.

Given the current weak domestic demand and downward market prices in April, the imports in May would not rise alike April, the source added.

The DOP imports in April also increased sharply to 1,641 tonnes year on year, and that was largely because of the lower imports level resulted by ample inventories during the same period last year, a market source from DOP industry said.

However, China’s imports of phenol in April fell by 85% year on year to 9,309 tonnes, while naphtha volumes dropped by 74% to 124,675 tonnes, the data showed.


China’s petrochemical imports and exports in April 2014

2014-Apr

Import

Export

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Export (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

124,675

-74%

-12%

0

-100%

-100%

Ethylene

157,059

11%

18%

2

11306%

76%

Propylene

254,762

25%

-6%

0

-

33%

Butadiene

16,588

-34%

-8%

0

-100%

-

HDPE

376,073

7%

9%

17,019

78%

18%

LDPE

162,924

41%

-5%

5,176

25%

45%

LLDPE

213,609

34%

-10%

3,450

-28%

16%

PP

398,426

14%

1%

9,944

-37%

-22%

PVC

62,899

-5%

-20%

85,310

28%

-5%

EPS

4,987

-7%

4%

19,551

-26%

-13%

Benzene

40,959

-59%

-49%

2,898

-2%

-1%

Toluene

130,403

71%

-9%

232

107%

86%

PX

792,908

-1%

5%

5,146

-67%

4%

SM

278,613

17%

-14%

5,004

-58%

-30%

PTA

91,128

-56%

-9%

40,867

1525%

-9%

MEG

727,642

5%

4%

191

1%

-49%

ACN

51,440

1%

11%

0

-

-

Caprolactam

24,627

-45%

16%

1

-75%

99900%

Phenol

9,309

-85%

-44%

9,122

2852%

74%

Methanol

357,921

-34%

125%

70,608

25%

-49%

Acetone

46,624

8%

16%

32

-54%

-16%

BPA

19,627

-57%

-39%

1

-92%

-92%

IPA

3,116

-8%

111%

193

65%

-94%

MEK

121

49%

-64%

10,533

52%

98%

Base oil

281,468

44%

-3%

1,036

-17%

10%

MMA

19,371

-31%

-25%

2,607

-49%

1%

PMMA

18,548

9%

-1%

836

-46%

-18%

GAA

5,077

470%

-16%

7,744

-51%

12%

butyl-A

2,363

410%

-49%

7,696

374%

39%

2EHA

2,952

24%

73%

686

100%

-11%

2-EH

11,231

-44%

-45%

6,355

2604%

114%

NBA

21,069

-51%

18%

255

25412%

193%

PA

4,724

-40%

12%

90

502%

67%

DOP

1,641

365%

-4%

1,202

70%

69%

Polysilicon

7,943

9%

-5%

144

24%

-10%

alkylbenzene

3,777

144%

161%

11,536

-27%

4%

anionic surfactants

5,539

1%

25%

11,281

-9%

-17%

Butyl glycol ether

12,719

-21%

-11%

77

195%

216%

MIBK

3,102

-29%

-35%

0

-

-85%

Ethyl acetate

29

1%

-32%

13,261

-60%

-67%

TiO2

18,942

14%

38%

52,526

71%

18%

Epoxy Resins

20,461

18%

1%

6,889

2%

4%

MA

28

954%

-1%

3,662

-5%

30%

ECH

1,119

-49%

-37%

80

-70%

3%

PET

17,142

-7%

10%

225,686

27%

-4%

Source: China Customs


By Viola Pan