Pure Benzene: Brief Analysis of Import and Export in July 2022

Pure Benzene: Brief Analysis of Import and Export in July 2022

In July 2022, China imported 107,400 tons of pure benzene in the same month, the cumulative import volume was 1,708,900 tons, the monthly import amount was US$14,754,651, the import volume decreased by 48.52% YoY, and the import volume decreased by 54.14% YoY. As of July 2022, the cumulative import volume of pure benzene in China rose by 16.01% compared with the same period last year. -June U.S. pure benzene prices rose, leading to the opening of the Korea-U.S. arbitrage window and the closing of the China-Korea arbitrage window, resulting in a significant decrease in imports in July.

 From the viewpoint of trade partners, the main source country is South Korea, July 2022 imports from South Korea amounted to 49,100 tons, accounting for 45.71% of the total imports for the month, imports from South Korea and the total volume accounted for a decline compared to the previous month. July Korea's export details are: July 1-32, 2022 South Korea exported a total of 209,183 tons of pure benzene, of which 132,122 tons were exported to the U.S., 54,495 tons were exported to China 54495 tons, exported to China Taiwan 8716 tons, exported to Japan 8848 tons, to Belgium 5002 tons.

In July 2022, Shanghai, where China's importers are located, accounted for the largest share, about 29,000 tons, accounting for 26.9%; the second place Guangdong Province, about 26,100 tons, accounting for 24.28% of the total imports, the third place Zhejiang Province, about 26,000 tons, accounting for 24.25%.

In terms of exports, in July 2022, China's exports of pure benzene in 40.58 tons, the export value of the month in 150,488 U.S. dollars, the average export price of 3708.4 U.S. dollars / ton, as of July 2022, China's exports of pure benzene totaled 6121.501 tons, down 47.99% over the same period last year.

After the market, August 1-21, 2022, South Korea exported a total of 172,759 tons of pure benzene, including 67,768 tons to the United States, 8,4007 tons to mainland China, 3,000 tons to Japan and 17,984 tons to Taiwan, China. This month, as the U.S. demand for pure benzene weakened, Korea-U.S. arbitrage reduced, China-Korea arbitrage window opened again, so it is expected that domestic pure benzene imports in August or a significant increase.

Translated with www.DeepL.com/Translator (free version)