China’s imports of most petrochemical products fall in May

26 June 2014 09:15 Source:ICIS News

SINGAPORE (ICIS)--China’s imports of most petrochemicals in May fell year on year, with significant declines in the volumes of dioctyl phthalate (DOP), isopropanol (IPA) and butadiene (BD), official data showed on Thursday.

The country’s intake of DOP slumped by 96% year on year and 70% month on month to 493 tonnes in May, data from China Customs showed.

DOP buyers had difficulty purchasing imported cargoes in May because they were priced higher than domestic product, a market source said.

IPA import volumes shrank by 88% to 659 tonnes in May from the same period one year earlier, but was down by 79% from the previous month, according to the data.

Meanwhile, BD imports fell by 86% to 3,955 tonnes in May on a year-on-year basis, the data showed. It fell by 76% on a month-on-month basis.

Buyers of imported cargoes buyers adopted a cautious stance in May because of a pessimistic outlook amid the high costs, a BD market source said. 

However, there was an increase in the imports of some petrochemical products during May, according to the data.

China imported 3,031 tonnes of butyl acrylate (butyl-A) in May, a 1089% increase from the corresponding month in 2013, while 2-ethylhexyl acrylate (2-EHA) volumes were 166% higher at 1,542 tonnes over the same period, the data showed.

China’s petrochemical imports in May 2014

Import

Product

Import (tonnes)

YoY growth (%)

MoM growth (%)

Naphtha

75,376

-72%

-40%

Ethylene

131,247

-10%

-16%

Propylene

230,063

15%

-10%

BD

3,955

-86%

-76%

HDPE

425,702

7%

13%

LDPE

162,003

25%

-1%

LLDPE

191,076

11%

-11%

PP

404,361

3%

1%

PVC

63,756

-1%

1%

EPS

6,488

-1%

30%

Benzene

34,786

-55%

-15%

Toluene

97,739

49%

-25%

PX

793,721

15%

0%

SM

377,260

17%

35%

PTA

106,701

-44%

17%

MEG

653,099

-12%

-10%

ACN

46,912

19%

-9%

Capro

20,361

-21%

-17%

Phenol

9,141

-71%

-2%

Methanol

385,142

-15%

8%

Acetone

40,568

-14%

-13%

BPA

31,267

-42%

59%

IPA

659

-88%

-79%

MEK

125

-77%

4%

Base oil

234,814

19%

-17%

MMA

26,369

21%

36%

PMMA

19,146

-4%

3%

GAA

1,193

-45%

-76%

Butyl-A

3,031

1089%

28%

2-EHA

1,542

166%

-48%

2-EH

19,242

-19%

71%

NBA

14,077

-72%

-33%

PA

4,873

-25%

3%

DOP

493

-96%

-70%

Polysilicon

6,949

19%

-13%

alkylbenzene

1,079

-23%

-71%

anionic surfactants

4,443

-14%

-20%

Butyl glycol ether

6,286

-47%

-51%

MIBK

5,205

64%

68%

Ethyl acetate

32

-22%

8%

TiO2

16,422

-19%

-13%

Epoxy Resins

19,457

5%

-5%

MA

24

-60%

-14%

ECH

1,687

-4%

51%

PET

14,795

-29%

-14%

Source: China Customs

By Viola Pan