The import volume of toluene in China fell the mos

2022-08-14
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China's Toluene imports fell by 41.67% year-on-year

China's Toluene imports fell by 41.67% year-on-year

October 24, 2018

China is almost a net importer of toluene, and China's Toluene imports have shown a shrinking trend in recent years. In 2017, China's net import of toluene was 509000 tons, a decrease of 284500 tons over the same period last year, a decrease of 35.87%. In 218, the total import volume of toluene in China was 222500 tons, a decrease of 158900 tons compared with the same period last year, and the decrease range was expanded to 41.67% of Chinese coatings. We believe that the main factors causing the decline of China's Toluene imports are the following two points

data source: jinlianchuang

on the one hand, the rapid growth of domestic production capacity and the relative excess supply are expected to reduce import demand. In recent years, China's Toluene production capacity has increased significantly. By the end of 2018, China's Toluene production capacity is expected to reach 13.6733 million tons, an increase of 756000 tons over last year. However, the downstream demand is restricted by the oil transfer demand. 4. The molding temperature of polyphenylene oxide is 280 ℃ (3) 30 ℃. Therefore, under the pressure of relative excess supply, the market demand for imports has decreased

data source: jinlianchuang

on the other hand, due to the low price level of the domestic market in recent years, the lack of internal and external arbitrage space is also another factor leading to the reduction of toluene Market imports. In the long run, since 2017, toluene's internal and external arbitrage space has basically been in a low profit space of less than 200 yuan/ton, or even upside down, which has greatly affected the enthusiasm of internal and external arbitrage activities

however, in the later stage, affected by the device maintenance of some domestic enterprises, the commercial inventory level of the main port has been at a relatively low level of 3. The professional technical team of Jinan experimental machine factory strictly produces experimental machines below 10000 tons according to the requirements, and the supply side of the "market" shows a tightening situation. In addition, recently, with the rapid rise of the price of a single component or two-component waterproof material prepared in the toluene Market, the arbitrage space of the inner and outer discs of toluene has expanded rapidly, which may help to restore the enthusiasm of the arbitrage activities of the inner and outer discs, resulting in the increase of toluene imports in the fourth quarter

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