Propylene: A brief analysis of the import and export of propylene in October

Propylene: A brief analysis of the import and export of propylene in October

In October, my country's propylene market rose and then fell back. During the month, the international crude oil first strengthened and then weakened, which dampened market sentiment, and the terminal demand followed up cautiously. Although the start-up of multiple sets of cracking units in the Asian region was low, which supported the spot offers, the main downstream polypropylene market continued to be weak, the willingness to buy imported goods was limited, and the market trading range moved down. my country's propylene imports fell sharply that month, while exports remained at a low level in the previous period.

Import side:

According to customs statistics, in October 2022, my country imported 161,377.351 tons of propylene, with an import value of US$143,059,611. The average monthly import price was about US$886.49/ton. The import volume decreased by 47.998% from the previous month and 39.28% from the same period last year.

In October, my country's propylene trading partners decreased to South Korea, Japan, Malaysia, etc. in order of import volume. Propylene from South Korea was 104,577.38 tons, accounting for about 64.8% of the import volume. The amount of propylene from the United States is only 3.41 tons.

In October, the registered places of enterprises importing propylene were mainly concentrated in East China. Among them, Zhejiang Province had the largest import volume, reaching 33,826.05 tons, accounting for 20.96%, followed by Fujian Province and Shanghai City.

Export:

According to customs statistics, my country exported 120.738 tons of propylene in October 2022, a decrease of 28.36% from the previous month and a decrease of 1.74% from the same period last year. The export value amounted to 503,580 US dollars.

The amount of propylene exported this month is small, and the amount of propylene sold to various places is less than 50 tons. The registered places of enterprises exporting propylene are mainly concentrated in Zhejiang Province, and the trade methods are all general trade.

In October, my country's propylene market rose and then fell back. During the month, the international crude oil first strengthened and then weakened, which dampened market sentiment, and the terminal demand followed up cautiously. Although the start-up of multiple sets of cracking units in the Asian region was low, which supported the spot offers, the main downstream polypropylene market continued to be weak, the willingness to buy imported goods was limited, and the market trading range moved down. my country's propylene imports fell sharply that month, while exports remained at a low level in the previous period.

Import side:

According to customs statistics, in October 2022, my country imported 161,377.351 tons of propylene, with an import value of US$143,059,611. The average monthly import price was about US$886.49/ton. The import volume decreased by 47.998% from the previous month and 39.28% from the same period last year.

In October, my country's propylene trading partners decreased to South Korea, Japan, Malaysia, etc. in order of import volume. Propylene from South Korea was 104,577.38 tons, accounting for about 64.8% of the import volume. The amount of propylene from the United States is only 3.41 tons.

In October, the registered places of enterprises importing propylene were mainly concentrated in East China. Among them, Zhejiang Province had the largest import volume, reaching 33,826.05 tons, accounting for 20.96%, followed by Fujian Province and Shanghai City.

Export:

According to customs statistics, my country exported 120.738 tons of propylene in October 2022, a decrease of 28.36% from the previous month and a decrease of 1.74% from the same period last year. The export value amounted to 503,580 US dollars.

The amount of propylene exported this month is small, and the amount of propylene sold to various places is less than 50 tons. The registered places of enterprises exporting propylene are mainly concentrated in Zhejiang Province, and the trade methods are all general trade.