Stock Name: Xinzhongde Stock Code: 430683
In January-February 2022, China's polyethylene imports decreased while exports increased.
发布时间：2022-03-29
According to customs statistics, total PE imports from January to February 2022 amounted to approximately 2.2179 million tons, a decrease of 13.46% compared to the same period last year. Among these, LDPE (tariff code 39011000) imports reached about 482,200 tons, down 11.47% year-on-year; HDPE (tariff code 39012000) imports totaled roughly 1.0135 million tons, marking a 7.64% decline from the previous year; and LLDPE (tariff code 39014020) imports stood at around 722,200 tons, a significant drop of 21.59% compared to the same period last year. During the period around the Spring Festival holiday, downstream industries maintained low operating rates, further weakening domestic demand absorption capacity. Meanwhile, energy prices remained strong, with U.S. dollar-denominated prices higher than domestic ones. Additionally, ongoing shipping challenges have widened supply-demand gaps in certain regions, contributing to the persistently low volume of PE imported into China.
Figure 1
In January-February, Saudi Arabia was the top trading partner for polyethylene imports, with a total volume of 475,900 tons, accounting for 21.46% of the market. Iran ranked second, importing 328,300 tons, or 14.80% of the total. The United Arab Emirates came in third, with imports totaling 299,600 tons, representing 13.51% of the share.
Figure 2
In January and February, Zhejiang Province was the region that imported the most polyethylene into China, with a total of 586,700 tons, accounting for 26.45% of the country's imports. Shanghai ranked second, importing 411,300 tons, or 18.55% of the total, while Shanghai again came in third, with imports totaling 313,700 tons, representing 14.14% of the national share.
In 2022, imports totaled 10,000 tons, marking a decrease compared to the same period last year.
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