According to the data of the State Customs, the total export volume of polypropylene in China in the first quarter of 2022 was 268700 tons, a decrease of about 10.30% compared with the fourth quarter of last year, and a decrease of about 21.62% compared with the first quarter of last year, a sharp decline compared with the same period of last year.
In the first quarter, the total export volume reached US $407million, and the average export price was about US $1514.41/t, a month on month decrease of US $49.03/t. The main export price range remained between us $1000-1600 / T.
In the first quarter of last year, the extreme cold and epidemic situation in the United States led to the tightening of polypropylene supply in the United States and Europe. There was a demand gap overseas, resulting in relatively large exports.
At the beginning of this year, geopolitical factors combined with tight supply and demand of crude oil led to high oil prices, high costs for upstream enterprises, and domestic polypropylene prices were dragged down by weak domestic fundamentals. The export window continued to open. However, due to the earlier release of epidemic prevention and control overseas, the manufacturing industry returned to the state of high opening rate, resulting in a serious year-on-year decline in China’s export volume in the first quarter.
Post time: Jun-30-2022