In April 2024, the export volume of domestic polypropylene showed a significant decline. According to customs statistics, the total export volume of polypropylene in China in April 2024 was 251800 tons, a decrease of 63700 tons compared to the previous month, a decrease of 20.19%, and a year-on-year increase of 133000 tons, an increase of 111.95%. According to the tax code (39021000), the export volume for this month was 226700 tons, a decrease of 62600 tons month on month and an increase of 123300 tons year-on-year; According to the tax code (39023010), the export volume for this month was 22500 tons, a decrease of 0600 tons month on month and an increase of 9100 tons year-on-year; According to the tax code (39023090), the export volume for this month was 2600 tons, a decrease of 0.05 million tons month on month and an increase of 0.6 million tons year-on-year.
At present, there has been no significant improvement in downstream demand in China. Since entering the second quarter, the market has mostly maintained a volatile trend. On the supply side, domestic equipment maintenance is relatively high, providing some support to the market, and the export window continues to open. However, due to the concentration of overseas holidays in April, the manufacturing industry is in a low operating state, and the market trading atmosphere is light. In addition, sea freight prices have been rising all the way. Since the end of April, the freight rates of European and American routes have generally increased in double digits, with some routes experiencing a nearly 50% surge in freight rates. The situation of "one box is hard to find" has reappeared, and the combination of negative factors has led to a decline in China's export volume compared to the previous month.
From the perspective of major exporting countries, Vietnam remains China's largest trading partner in terms of exports, with an export volume of 48400 tons, accounting for 29%. Indonesia ranks second with an export volume of 21400 tons, accounting for 13%; The third country, Bangladesh, had an export volume of 20700 tons this month, accounting for 13%.
From the perspective of trade methods, the export volume is still dominated by general trade, accounting for up to 90%, followed by logistics goods in customs special supervision areas, accounting for 6% of the national export trade; The proportion of the two reaches 96%.
In terms of shipping and receiving locations, Zhejiang Province ranks first, with exports accounting for 28%; Shanghai ranks second with a proportion of 20%, while Fujian Province ranks third with a proportion of 16%.
Post time: May-27-2024