Customs statistics show that in September 2024, China's polypropylene exports decreased slightly. In October, the macro policy news boosted, domestic polypropylene prices rose strongly, but the price may lead to overseas buying enthusiasm weakened, is expected to reduce exports in October, but the overall remains high.
Customs statistics show that in September 2024, China's polypropylene export volume decreased slightly, mainly due to weak external demand, new orders decreased significantly, and with the completion of deliveries in August, the number of orders to be delivered in September naturally decreased. In addition, China's exports in September were affected by short-term contingencies, such as two typhoons and a global container shortage, resulting in a decline in export data. In September, the export volume of PP was 194,800 tons, a decrease of 8.33% from the previous month and an increase of 56.65%. The export value was 210.68 million US dollars, a decrease of 7.40% from the previous quarter and an increase of 49.30% from the previous year.
In terms of export countries, the export countries in September were mainly in South America, Southeast Asia and South Asia. Peru, Vietnam and Indonesia ranked the top three exporters, with exports of 21,200 tons, 19,500 tons and 15,200 tons, respectively, accounting for 10.90%, 10.01% and 7.81% of the total exports. Compared with the same period last year, Brazil, Bangladesh, Kenya and other countries have increased their exports, while India's exports have decreased.
From the perspective of export trade methods, the total amount of domestic exports in September 2024 is reduced from the previous month, and exports are mainly divided into general trade, logistics goods in special customs supervision areas, and material processing trade. Among them, logistics goods in general trade and special customs supervision areas account for a larger proportion, accounting for 90.75% and 5.65% of the total proportion respectively.
From the point of view of export sending and receiving, the domestic sending and receiving places in September are mainly concentrated in East China, South China and other coastal areas, the top several are Shanghai, Zhejiang, Guangdong and Shandong provinces, the total export volume of the four provinces is 144,600 tons, accounting for 74.23% of the total export volume.
In October, the macro policy news was boosted, and domestic polypropylene prices rose strongly, but the price rise may lead to the weakening of overseas buying enthusiasm, and the frequent occurrence of geopolitical conflicts directly led to the reduction of domestic exports. In summary, the export volume is expected to decrease in October, but the overall level remains high.
Post time: Oct-25-2024