<b>Analysis and Prospect of Propylene Oxide Import and Export</b>

In recent years, with the development of the polyurethane market, propylene oxide as an upstream raw material has also received attention. As there has been a gap in domestic supply, the source of imported goods is also more important. In terms of export in recent years, the volume has been small, and most of them are only re-exported through bonded supervision places with my country as the transit country.

The following chart shows the import and export of propylene oxide in my country from 2015 to 2018 accumulated by Tiantian Chemical Network, among which PO in 2016 The high import volume is mainly due to the fact that there are more sources of goods from the United States for processing trade in that year. The export volume from 2015 to 2017 was small, most of which were re-exports with my country as the transit country. For example, in 2017, 84% of the 4,000 tons of PO exports were exported to Japan, and in essence, all of them were re-exported from Saudi Arabia via my country. Japan.

(ten thousand tons)

2015

2016

2017

import

PO has the largest volume, and the import volume of general trade is almost negligible. In terms of transportation methods, more than 99.99% of imported PO is transported by water, while less than 0.01% is transported by car or air. Among them, the goods that are transported by car are mainly imported from the United States from Hong Kong Customs; the volume of air transport is the smallest, which is usually purchased in small batches by laboratories or mailed samples.

Figure 3 Imports of PO in my country in 2017—by country

Figure 4 Imports of PO in my country in 2017—by trade mode

2018 PO import trend forecast

Since the beginning of this year, monthly The average import volume of PO reached 24,000 tons. Saudi Leander and Thailand’s Dow are still the main sources of PO imports in my country. It is worth noting that currently, PO imports decreased compared to last year. In addition, my country’s Ministry of Commerce plans to impose an additional 10% tariff on PO from the United States. If the Sino-US negotiations continue to be deadlocked, POThe import volume may also continue to shrink. And it is expected that after the South Korean S-oil PO device starts operation at the end of this year or early next year, PO import volume will show an increasing trend.

Explanation of POExport Status in 2017

5 It can be seen that in 2017, my country’s PO was mainly exported to Japan and India, accounting for 84% and 12% of the total export volume respectively, and a very small amount was exported to Countries such as Iran, Thailand and Vietnam. Among them, referring to Figure 6, as mentioned above, the volume exported to Japan is basically all the re-export goods in bonded supervision places. Other PO exports are general trade, and the volume is relatively small. The export transportation method is also mainly by water, and a very small amount is exported to Hong Kong, China by road.

Figure 5 my country’s PO exports in 2017—by country

Figure 6 my country’s PO export situation in 2017—by trade mode

2018 PO export trend forecast

Based on the current customs According to data analysis, the average monthly export of PO is 3,500 tons, which is a substantial increase compared with last year. However, 99.43% of them are exported to Japan, and all of them are re-exported goods in bonded supervision places. The export volume of general trade is less than 1%. Since 2015, the Ministry of Commerce has prohibited other PO >PO is exported in the form of processing trade, while PO produced by other processes is rarely exported due to issues such as zero export tax refund.

It is expected that my country’s PO exports will continue to be re-exported from foreign sources this year. However, in the future, the production capacity of domestic HP PO process is expected to increase. If we can overcome technical difficulties, reduce costs and increase production, processing trade exports will also be epoxy resins. New opportunities for the future development of the propane industry.

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