According to data released by the General Administration of Customs of China, in US dollars, in December 2023, China's imports and exports reached 531.89 billion US dollars, an increase of 1.4% compared to the same period last year. Among them, exports reached 303.62 billion US dollars, an increase of 2.3%; Imports reached 228.28 billion US dollars, an increase of 0.2%. In 2023, China's total import and export value was 5.94 trillion US dollars, a year-on-year decrease of 5.0%. Among them, exports amounted to 3.38 trillion US dollars, a decrease of 4.6%; Imports reached 2.56 trillion US dollars, a decrease of 5.5%. From the perspective of polyolefin products, the import of plastic raw materials continues to experience a situation of volume reduction and price decline, and the export value of plastic products has narrowed compared to the same period last year. The export aspect still fluctuates. At present, the price of polyolefin futures market has fallen from mid September to a temporary bottom in mid to late October, entering a trend of mainly fluctuating rebound. In mid to late November, it once again fluctuated and fell below the previous bottom. It is expected that the short-term pre holiday stocking of polyolefins will continue to rebound, and even after the stocking is completed, it will continue to fluctuate until strong support is clearly obtained.
In December 2023, the amount of imported primary form plastic raw materials was 2.609 million tons, an increase of 2.8% compared to the same period last year; The import amount was 27.66 billion yuan, a year-on-year decrease of 2.6%. From January to December, the amount of imported primary form plastic raw materials was 29.604 million tons, a decrease of 3.2% compared to the same period last year; The import amount was 318.16 billion yuan, a year-on-year decrease of 14.8%. From the perspective of cost support, international crude oil prices continued to fluctuate and decline for three consecutive months in October, November, and December. The cost of oil to olefins decreased, and the current prices of polyolefins in the same period basically fluctuated and declined simultaneously. During this period, the import arbitrage window for some polyethylene varieties opened, while polypropylene mostly closed. At present, the price of polyolefins is decreasing, and import arbitrage windows are both closed.
Post time: Jan-22-2024