China’s polymer imports dip 15% in January
The top five polymer exporters to China in January were South Korea (203,799 tons), Taiwan (171,828 tons), Saudi Arabia (166,325 tons), Iran (128,073 tons) and Singapore (121,357 tons).
In January, the country’s LDPE imports were mostly steady when compared to the same month of 2015 to be reported at 180,417 tons. Iran was the top LDPE supplier to China with 42,031 tons, followed by Qatar (23,636 tons).
China’s HDPE imports were down 4.5% from a year earlier to reach 384,826 tons in January while imports also decreased by 17% when compared to December 2015. Iran was the top supplier to China in January with 83,541 tons, followed by Saudi Arabia (79,112 tons), the United Arab Emirates (51,934 tons) and South Korea (40,838 tons).
LLDPE imports dipped 17% on a yearly basis to reach 185,024 tons in January while they were also down by 14% when compared to December 2015.
Singapore was the top supplier to China with 48,348 tons, followed by Thailand (32,093 tons) and Saudi Arabia (27,488 tons).
Imports for homo-PP were down by around 17.3% on the month to reach 237,048 tons in January. South Korea stood at the top of the homo-PP import list with 67,960 tons, followed by Saudi Arabia (37,620 tons) and Singapore (32,653). On a yearly basis, meanwhile, China’s homo PP imports dipped around 25.8% in January.
PP copolymer imports posted a decrease of 10.6% month over month to reach 106,032 tons in January. Taiwan was the top exporter to China with 24,548 tons, followed by South Korea (18,394 tons) and the United Arab Emirates (14,793 tons).
China’s PVC imports climbed 3.8% on the month to 62,173 tons in January. The top PVC exporter to China in January was Taiwan (26,342 tons), followed by the United States (19,056 tons) and Japan (12.347 tons). Compared with the same month of 2015, however, China’s PVC imports fell around 22.4% in January.
China’s PS imports slumped about 33% on a monthly basis to 37,047 tons in January. Taiwan was the top PS exporter to China in January with 10,171 tons, followed Singapore with 8,642 tons. China’s January PS imports also witnessed a decrease of around 19.5% from the same month of the previous year.
Meanwhile, the country’s ABS imports for January declined approximately 9% on the month to 124,494 tons. Taiwan was the top of the ABS import list with 65,805 tons, followed by South Korea (42,035 tons).
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PVC downturn persists in China’s local market despite bullish imports
- China's PP market at almost 2-year low; H2 outlook bearish
- Asian spot ethylene market plunges to decade low
- Early July expectations emerge softer in Europe’s PP market
- Import PE prices fall to lowest in more than a decade across Asia
- Tightness pushes Asian PVC markets to 3-month high
- China’s PE market continues bearish run on sluggish demand
- PP and PE markets turn softer in Egypt, Mid-East
- European PET extends bearish trend into 3rd consecutive month
- European PS, ABS markets down after 4 months