China’s May petrochemical exports rise on higher overseas prices

27 June 2014 04:42 Source:ICIS News

SINGAPORE (ICIS)--China’s exports of most petrochemicals increased in May on a year-on-year basis, partly because of short supply and higher prices in the overseas markets, market sources said on Friday.

Isopropanol (IPA) exports jumped significantly from a year ago to 3,567 tonnes in May this year, data from China Customs showed.

The huge increase in IPA exports was mainly because it was more lucrative for sellers to market exports due to the higher overseas prices compared with Chinese domestic prices, a source said.

Phenol export volumes surged to 7,131 tonnes in May from the same period one year earlier, but were down by 22% month on month, according to the data.

The sharp increase in phenol exports was a result of short supply in overseas markets. A wide price gap between the overseas and domestic markets led to the opening of an arbitrage window which boosted exports, a separate source said.

Meanwhile, China exported 916 tonnes of base oils in May, 89% lower than one year earlier, while polysilicon exports fell by 74% to 111 tonnes over the same period, the data showed.

China’s petrochemical exports in May 2014

Export

Product

Export (tonnes)

YoY growth (%)

MoM growth (%)

Propylene

1

-

297%

Butadiene

6,187

-

-

HDPE

12,694

3%

-25%

LDPE

3,687

-23%

-29%

LLDPE

4,382

-25%

27%

PP

12,850

-23%

29%

PVC

119,472

106%

40%

EPS

29,325

20%

50%

Benzene

11,181

90%

286%

Toluene

1,003

2765%

332%

PX

24,396

62%

374%

SM

7,423

84%

48%

PTA

44,575

489%

9%

MEG

194

-24%

1%

Caprolactam

2

-100%

140%

Phenol

7,131

4718%

-22%

Methanol

51,859

138%

-27%

Acetone

42

-2%

31%

BPA

255

749%

20786%

IPA

3,567

5304%

1748%

MEK

13,012

165%

24%

Base oil

916

-89%

-12%

MMA

2,780

-15%

7%

PMMA

1,060

-7%

27%

GAA

6,296

-65%

-19%

butyl-A

4,804

38%

-38%

2EHA

933

33%

36%

2-EH

7,612

404%

20%

NBA

1,457

1698%

471%

PA

42

741%

-53%

DOP

1,020

33%

-15%

Polysilicon

111

-74%

-23%

alkylbenzene

15,007

2%

30%

anionic surfactants

13,326

-3%

18%

Butyl glycol ether

965

48171%

1160%

MIBK

0

-10%

667%

Ethyl acetate

80,272

115%

505%

TiO2

51,191

55%

-3%

Epoxy Resins

6,391

-1%

-7%

MA

2,339

-21%

-36%

ECH

123

-24%

54%

PET

219,765

17%

-3%

Source: China Customs

By Viola Pan