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From January to February 2022, China's polyethylene import and export decreased and increased

From January to February 2022, China's polyethylene import and export decreased and increased

(Summary description)Accordingtocustomsstatistics,thetotalimportofPEfromJanuarytoFebruary2022wasabout2.2179milliontons,adecreaseof13.46%overthesameperiodlastyear.Amongthem,LDPE(tariffNo.39011000)importedabout482200tons,adecreaseof11.47%overthesameperiodlastyear;HDPE(tariffNo.39012000)importedabout1013500tons,adecreaseof7.64%overthesameperiodlastyear;LLDPE(tariffNo.39014020)importedabout722200tons,adecreaseof21.59%overthesameperiodlastyear.JustbeforeandaftertheSpringFestivalholiday,thedownstreamoperatingrateislowandthedomesticdigestioncapacityisweak.Atthesametime,theenergypriceisstrong,andtheUSdollarpriceishigherthanthedomesticprice.Theshippingproblemhasexacerbatedthesupplyanddemandgapinsomeregions,resultinginthecontinuouslowimportvolumeofPEsuppliedtoChina.

From January to February 2022, China's polyethylene import and export decreased and increased

(Summary description)Accordingtocustomsstatistics,thetotalimportofPEfromJanuarytoFebruary2022wasabout2.2179milliontons,adecreaseof13.46%overthesameperiodlastyear.Amongthem,LDPE(tariffNo.39011000)importedabout482200tons,adecreaseof11.47%overthesameperiodlastyear;HDPE(tariffNo.39012000)importedabout1013500tons,adecreaseof7.64%overthesameperiodlastyear;LLDPE(tariffNo.39014020)importedabout722200tons,adecreaseof21.59%overthesameperiodlastyear.JustbeforeandaftertheSpringFestivalholiday,thedownstreamoperatingrateislowandthedomesticdigestioncapacityisweak.Atthesametime,theenergypriceisstrong,andtheUSdollarpriceishigherthanthedomesticprice.Theshippingproblemhasexacerbatedthesupplyanddemandgapinsomeregions,resultinginthecontinuouslowimportvolumeofPEsuppliedtoChina.

Information

According to customs statistics, the total import of PE from January to February 2022 was about 2.2179 million tons, a decrease of 13.46% over the same period last year. Among them, LDPE (tariff No. 39011000) imported about 482200 tons, a decrease of 11.47% over the same period last year; HDPE (tariff No. 39012000) imported about 1013500 tons, a decrease of 7.64% over the same period last year; LLDPE (tariff No. 39014020) imported about 722200 tons, a decrease of 21.59% over the same period last year. Just before and after the Spring Festival holiday, the downstream operating rate is low and the domestic digestion capacity is weak. At the same time, the energy price is strong, and the US dollar price is higher than the domestic price. The shipping problem has exacerbated the supply and demand gap in some regions, resulting in the continuous low import volume of PE supplied to China.

 

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