Stats: China’s total PP, PE imports in Q1 mark lowest volume in a year
by Pınar Polat - ppolat@chemorbis.com
Data from ChemOrbis Import Statistics indicate that China’s cumulative PP and PE imports in the first quarter of 2021 posted respective year over year increases of 7% and 9.3% to reach more than 1.2 million tons and 4.2 million tons.
Despite the yearly increase, they both indicated the lowest quarterly figure in the import statistics since the first quarter of 2020.
China’s PP, PE demand improves in March compared to February
Buying appetite was slow in China during February as there was a holiday lull due to the Chinese New Year. In March, however, there was an improvement in demand amid buyers’ return to the market while factories resumed operations earlier than the usual holiday period. This found a reflection on economic data as well and the country’s March PMI data displayed a rebound.
Details of Q1 volumes
While lower import volumes in February weighed on the country’s overall imports in the first quarter, higher March figures made the largest contribution.
LDPE
China’s LDPE imports in the first quarter increased almost 24% on the year to be reported at around 914,000 tons. When compared to the final quarter of 2020, on the other hand, they were down by 3.5%.
HDPE
The country’s total HDPE imports lost 6% from a year earlier in the January-March period to reach more than 1.7 million tons. When compared to the final quarter of 2020, meanwhile, they posted a larger decrease of 21%.
LLDPE
China’s LLDPE imports witnessed a yearly gain of 21% to reach more than 1.5 million tons in the first three months of the year. When compared to the final quarter of 2020, meanwhile, they recorded a decrease of 4%.
PP-Homopolymer
PP-Homopolymer imports increased 5% from a year earlier in the first three months to reach more than 800,000 tons. When compared to the final quarter of 2020, meanwhile, they fell 27%.
PP-Copolymers
The country’s total PP-copolymer imports edged up 3% from a year earlier in the January-March period to reach nearly 400,000 tons. When compared to the final quarter of 2020, meanwhile, they were down by 18%.
Meanwhile, the country’s top suppliers for each product are available in the table below.
Despite the yearly increase, they both indicated the lowest quarterly figure in the import statistics since the first quarter of 2020.
China’s PP, PE demand improves in March compared to February
Buying appetite was slow in China during February as there was a holiday lull due to the Chinese New Year. In March, however, there was an improvement in demand amid buyers’ return to the market while factories resumed operations earlier than the usual holiday period. This found a reflection on economic data as well and the country’s March PMI data displayed a rebound.
Details of Q1 volumes
While lower import volumes in February weighed on the country’s overall imports in the first quarter, higher March figures made the largest contribution.
LDPE
China’s LDPE imports in the first quarter increased almost 24% on the year to be reported at around 914,000 tons. When compared to the final quarter of 2020, on the other hand, they were down by 3.5%.
HDPE
The country’s total HDPE imports lost 6% from a year earlier in the January-March period to reach more than 1.7 million tons. When compared to the final quarter of 2020, meanwhile, they posted a larger decrease of 21%.
LLDPE
China’s LLDPE imports witnessed a yearly gain of 21% to reach more than 1.5 million tons in the first three months of the year. When compared to the final quarter of 2020, meanwhile, they recorded a decrease of 4%.
PP-Homopolymer
PP-Homopolymer imports increased 5% from a year earlier in the first three months to reach more than 800,000 tons. When compared to the final quarter of 2020, meanwhile, they fell 27%.
PP-Copolymers
The country’s total PP-copolymer imports edged up 3% from a year earlier in the January-March period to reach nearly 400,000 tons. When compared to the final quarter of 2020, meanwhile, they were down by 18%.
Meanwhile, the country’s top suppliers for each product are available in the table below.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Stats: Turkey’s polymer imports rise to fresh records in Q1
- HDPE set to reach a plateau in Europe, LDPE fares better
- Bearish PP trend takes no respite on lackluster demand in Turkey
- India import PVC market recedes from all-time high on COVID-hit demand
- Vietnamese PE buyers hold off purchases on fears of further price pullback
- European PS on brink of a softer trend after 6 months
- Turkish PP and PE players voice bearish expectations for May
- China’s local homo-PP prices slide below imports
- Irregular PE origins emerge at competitive prices in Europe
- Mid-Eastern sellers backpedal in Africa on competitive PP, PE offers from Asia
