List of import and export data of propylene oxide from January to September 2018

1. Total import and export

According to statistics, from January to September 2018, China imported a total of 220,000 tons of propylene oxide, An increase of 25% year-on-year; the export was 31,000 tons, which also had a considerable increase year-on-year. However, according to the analysis, 99.2% of PO in the export volume is the re-export volume leaving the country under the supervision of bonded areas. The actual general trade and other forms of export are only 253 tons. Since the only two manufacturers in China that allow processing trade export PO have not been in continuous and stable operation for a long time, the processing trade export PO A class=link href=”/PO/” target=_blank>PO quantity is 0.

Figure 1 2017-2018 January-September PO imports in China

Figure 2 China’s PO exports from January to September 2017-2018

2. According to import and export countries

The importing countries of propylene oxide in the first three quarters of 2018 are mainly Saudi Arabia, Thailand, the United States, Singapore and South Korea. PO imported from these top five countries reached 99.99%. PO imported from the United States has been confirmed to impose a 5% tariff since September, and the subsequent volume is expected to decrease. At the same time, the incoming shipments of South Korea’s S-oil have increased after it started operation in October this year, mainly impacting the East China market.

Table 1 The top five countries importing propylene oxide in the first three quarters of 2018

3. Interpretation of Santao:

From the import and export data of propylene oxide in the first three quarters of this year, we can see that there is still a certain increase in imports after deducting the amount of re-exports. Since the beginning of this year, the price of imported PO was at the same level as the domestic price. However, with the improvement of polyether export tax rebates, the attractiveness of importing PO for processing trade has declined; in addition, Korean sources have also joined the ” The army fighting for territory”. It is expected that in the future, the prices of imported goods will need to have greater discounts to attract domestic manufacturers. In terms of export, this year as a whole, the volume of goods exported by trade methods other than re-exports is very small. However, it is expected that the HPPO technology independently developed in China will mature in the future, which will lead to the development of PO A key to the export of processing trade.

For more details, please refer to Three Towers Consulting’s “2018 China PO Market Research Report”.

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0.05%

China’s total exports

31394

100%

3. Interpretation of Santao:

From the import and export data of propylene oxide in the first three quarters of this year, we can see that there is still a certain increase in imports after deducting the amount of re-exports. Since the beginning of this year, the price of imported PO was at the same level as the domestic price. However, with the improvement of polyether export tax rebates, the attractiveness of importing PO for processing trade has declined; in addition, Korean sources have also joined the ” The army fighting for territory”. It is expected that in the future, the prices of imported goods will need to have greater discounts to attract domestic manufacturers. In terms of export, this year as a whole, the volume of goods exported by trade methods other than re-exports is very small. However, it is expected that the HPPO technology independently developed in China will mature in the future, which will lead to the development of PO A key to the export of processing trade.

For more details, please refer to Three Towers Consulting’s “2018 China PO Market Research Report”.