The editor conducted a preliminary screening of the customs data of polyether from January to June 2018, and compared it with the data in the first half of 2017. Overall, the total export volume in the first half of 2018 decreased by 2.58% year-on-year, while the total import volume increased by 6.40% year-on-year.
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One. China’s polyether imports in the first half of the year
In the first half of 2018, the total import volume of polyether in China was 206,000 tons, and the main importing countries were Singapore, South Korea, and Saudi Arabia. Imports from Singapore in 2018 were 51,600 tons, an increase of 16% compared to 44,500 tons in 2017.
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Imports from South Korea increased the most. In the first half of 2018, 46,200 tons of polyether were exported to China, a year-on-year increase of 232.37%. According to the analysis of Tiantian Chemical Network, a large part of the 4.62 tons of polyether from South Korea in the first half of this year came from Dow Chemical. The editor speculates that this part of the volume is likely to be goods from Saudi Arabia that were transferred from South Korea to China. The polyether in Saudi Arabia mainly comes from Sadara. Sadara’s polyether production capacity of 400,000 tons was put into production in the third quarter of 2017, so there is no data for the first half of 2017. Sadara’s polyether production capacity is mainly soft foam polyether and high return After the elastic polyether is put into production, about 5,000 to 6,000 tons per month will be directly imported from Saudi Arabia and put on the Chinese market.
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The amount of polyether from Thailand decreased by 33.75% year-on-year. The main reason is that Taitao was overhauled in the first quarter of this year, which affected its export volume. Due to the impact of the Sino-US trade war, the volume exported to the United States from January to June this year was about 7,900 tons, a year-on-year decrease of 52.12%.
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two. China’s polyether exports in the first half of the year
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In the first half of 2018, China’s polyether exports totaled 188,600 tons, and the main export destinations were South Korea, India, Vietnam, etc. Compared with other countries, the export volume to South Korea ranked first, but it decreased by 44.77% year-on-year. The reason is that the price of propylene oxide in South Korea is relatively cheap, and it has an advantage; while the price of Chinese products is relatively high, and there is no price advantage for export.
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China’s exports to India surpassed Turkey this year, ranking second, with a year-on-year increase of 25.62%. The volume exported to Vietnam is relatively stable.
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In the first half of this year, the export volume to Iran was 11,700 tons, compared with 8,000 tons in the same period last year, a year-on-year increase of 46.25%. After May this year, the United States began to impose sanctions on Iran, and China’s exports to Iran increased significantly in May and June. For specific analysis, you can read this article: “From the second quarter customs data, the mystery of Iran’s trade was lifted Corner (1)”.
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China’s exports to Türkiye are also decreasing. From 17,600 tons in the first half of 2017 to 8,600 tons this year, a year-on-year decrease of 51.14%. The new Turkish lira is constantly depreciating, and it is becoming more and more difficult for China to export to Turkey.
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Overall, the total import of polyether in the first half of 2018 was 206,000 tons, an increase of 44.66% compared with the same period last year; the total export of polyether in the first half of 2018 was 188,600 tons, a year-on-year decrease of 2.58%. Looking forward to the second half of the year, once the new production capacity of South Korea’s S-oil and other PO is put into the market, it will definitely have a certain impact on China’s polyether import and export trade pattern. Influence.
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