MTBE: Brief Analysis of Import and Export Situation in October

MTBE: Brief Analysis of Import and Export Situation in October

In October 2022, the import volume of MTBE was 3,000 tons, an increase of 62.62% month-on-month, and a decrease of 98.89% year-on-year. The export volume of MTBE was 63,100 tons, a decrease of 79% month-on-month, and a sharp increase of 2700.58% year-on-year. In October, the import volume of MTBE increased slightly, but remained at a low level. The export volume decreased significantly compared with the previous month, but increased significantly compared with the same period last year.

In October, the import volume of MTBE increased slightly compared with the previous month, but the overall level remained at a low level. The Asian MTBE market continued to operate at a high level, and the import cost was still relatively high. In addition, domestic resources were abundantly supplied, and the industry mainly used domestic resources, and imports were active. It is not high, and the import volume has slightly increased compared with the previous month but still remains low, which is a significant decrease compared with previous years.

According to customs statistics, the import value is 5.33 million US dollars, and the main import sources are: China Taiwan, Germany, and the United States, accounting for 34.76%, 31.17%, and 30.77% respectively. The main import trade methods are: general trade and logistics goods in areas under special customs supervision, accounting for 72.69% and 26.69% respectively, and a very small amount of imported material processing trade and bonded supervision place inbound and outbound goods. The main customs declaration places for enterprises are Shanghai City, Jiangsu Province and Guangdong Province.

In October, the export volume of MTBE decreased compared with the previous month, and the reduction trend was more obvious. The summer travel peak in some foreign regions ended, and the demand slowed down. Compared with the previous month, it has decreased significantly, but it is still a substantial increase compared with last year.

According to customs statistics, the average export price of MTBE in October was US$1,266.16/ton, and the export value was US$79.87 million. The top three countries in terms of export volume were: Singapore, Cambodia, and Malaysia, with export volumes of 40,600 tons and 10,500 tons respectively. , 10,000 tons, accounting for 64.31%, 16.59%, and 15.87% respectively. The main form of export trade is general trade, accounting for nearly 100%, and a very small amount of logistics goods in areas under special customs supervision. The main customs declaration places for enterprises are Shandong Province, Zhejiang Province and Jiangsu Province.

In November 2022, the Asian MTBE market will operate at a high level, with prices still rising and import costs high. In addition, domestic resource supply is abundant and prices are low. Zhongyu Information predicts that the import volume may continue to be low. In terms of export volume, foreign demand is slightly There is a slowdown, but the export arbitrage window is still open for some time, and the industry still has a certain enthusiasm for exporting. It is expected that the export volume may increase compared with the previous month.