Propylene glycol import and export in the first quarter of 2020

According to data released by the General Administration of Customs on April 14, this year’s first The total value of my country’s import and export of goods trade in the quarter was 6.57 trillion yuan, a decrease of 6.4% compared with the same period last year. Among them, exports were 3.33 trillion yuan, down 11.4%; imports were 3.24 trillion yuan, down 0.7%; the trade surplus was 98.33 billion yuan. As my country’s resumption of work and production accelerates, foreign trade companies speed up order production and rush to fulfill contracts. At the same time, the impact of overseas epidemics has a lagging effect, and the decline in imports and exports narrowed in March. So what is the import and export situation of propylene glycol in the first quarter of this year?

Import:

According to customs data, the total import volume of propylene glycol in the first quarter of 2020 was 17,225.049 tons, a decrease of 10.1% compared with the same period last year. Among them, the import volume in March was 8181.962 tons, an increase of 6.9% compared with the same period last year, and a significant increase compared with the first two months of this year.

From the data analysis, the statistics of imported propylene glycol ammonium producing and selling countries show that Thailand’s import volume in the first quarter of this year was 4642.301 tons, accounting for 27% of the total import volume, ranking first. Ranking second is South Korea, which imported 3,831.64 tons, accounting for 22%; Saudi Arabia imported 3,585.28 tons, accounting for 21%.

Export:

According to customs data, the total export volume of propylene glycol in the first quarter of 2020 was 38,531.8 tons, a decrease of 2.3% compared with the same period last year, of which the total export volume in March was 16,842.964 tons, which was 16,842.964 tons compared with the same period last year. A significant increase of 37.6%. It can also be seen from the figure that there is also a significant increase compared with the previous two months. Judging from the comparison chart of total propylene glycol export data in the past three years, overseas propylene glycol demand was not greatly affected in the first quarter, but the impact of overseas epidemics has a lagging effect, and propylene glycol export orders are expected to weaken from April to May.

From the perspective of producing and selling countries, propylene glycol exports to the Russian Federation, India, and Turkey account for a large proportion, accounting for 15%, 11%, and 9% respectively. The export volumes in the first quarter are: exports to Russia The Federation has 5706.906 tons, India has 4252.954 tons, and Turkey has 3423.8 tons. India has been under epidemic lockdown since March 23, 2020. The number of COVID-19 infections in India has skyrocketed, and the number of exports is expected to continue to decrease.

At present, overseas demand is not good. Domestic factories mainly deliver preliminary orders for domestic demand, while downstream resin factories maintain order production. Prices are mostly based on market trends and terminal demand. With the country’s increased efforts to promote consumption and investment and construction, domestic construction On the other hand, the operating rate has rebounded, with certain purchases of raw materials. The resin market has stabilized amid a stalemate, and the operating rate has maintained a slight improvement. Export orders rebounded to a limited extent in the second half of the year. The effectiveness of epidemic prevention and control in various countries around the world is unclear, and the specific extent of the impact needs to focus on overseas epidemic prevention and control. Imports of propylene glycol are still on the rise, domestic downstream demand is gradually picking up, operating rates are better than in the previous period, orders from some companies have improved, the short-term propylene glycol market is stable, and active delivery is the main focus. Will the market outlook be eased as exports improve? Due to the pressure brought by supply, we need to continue to pay attention to Zhongyu Information’s cost and supply and demand news for further guidance.