In September, the PP granule market faced many tests, and the import and export data both declined. According to customs statistics, the import volume in the month was about 382,500 tons, down 8.32% month-on-month and 35.88% year-on-year; the export volume was about 68,300 tons, down 9.54% month-on-month and 145.68% year-on-year.
First, imports
PP imports of primary shape in September were about 256,100 tons, down 22.62% month-on-month and 37.54% year-on-year; ethylene-propylene polymer imports were about 110,700 tons, down 3.53% month-on-month and 33.18% year-on-year; and imports of propylene copolymers of other primary shapes were about 15,700 tons, an increase of 9.72% month-on-month and a decrease of 24.42% year-on-year. The main reasons may be two points: First, the number of power curtailments in many parts of the country has increased, and the production boom has declined. Second, commodities continued to soar, driving PP spot prices higher, and the production of small and medium-sized enterprises was suppressed, reducing some import demand.
From the perspective of the main import source countries, there is no change except for Vietnam to replace India to re-enter the top ten source countries. Among them, South Korea, Singapore and Taiwan ranked in the top three, with 108,900 tons, 57,800 tons and 49,900 tons respectively, accounting for 54.54% of the total imports.
The status of general trade can not be shaken, is still the most important way of trade, September imports of about 238,500 tons, accounting for 62.35%, slightly reduced by 19,600 tons; followed by import processing trade, about 99,500 tons, accounting for 26.01%, slightly reduced by 11,800 tons; the third is the customs special supervision area logistics goods, about 32,900 tons, accounting for 8.6%, an increase of 0.31 million tons.
Second, the export aspect
In the process of gradual repair of the overseas industrial chain, the advantages of China's export supply chain still exist, so in the case of proper control of the epidemic, the overall export volume can still maintain resilience, but due to the base effect, the high year-on-year growth in the first half of the year is difficult to reproduce. According to the data, the PP export of primary shape was about 60,200 tons, a decrease of 7.53% month-on-month and an increase of 174.89% year-on-year; the export volume of ethylene-propylene polymer was about 0.67 million tons, a decrease of 27.17% month-on-month and an increase of 31.37% year-on-year; the export volume of propylene copolymers of other primary shapes was about 0.14 million tons, an increase of 16.67% month-on-month and a year-on-year increase of 75%.
PP grain exports have not found much change, still in Southeast Asia, the Middle East, North America and so on. Bangladesh's demand is menacing, jumping from the third to the first place last month, exporting about 10,600 tons, accounting for 17.61%, and Vietnam ranks second, with exports of about 0.69 million tons, accounting for 11.46%, a decrease of 0.51 million tons.
In September, the export trade mode was basically dominated by general trade, about 48,800 tons, accounting for 71.55%, a decrease of 0.12 million tons from the previous month. Followed by the logistics goods and import processing trade in the special customs supervision area, accounting for 0.91 million tons and 0.39 million tons respectively, accounting for 13.34% and 5.72%, which were both 0.36 million tons and 0.21 million tons from the previous month.
Looking forward to the future, in order to achieve the goal of dual control of energy consumption within the year, the downstream pressure of power curtailment and production curtailment will definitely affect the import demand in the later stage. The same is true for exports, in the face of high maritime prices and the continuous reduction of new orders, export pressure may gradually increase.