Analysis Of Reduction In PX Imports In April

Customs Statistics Twenty thousand two hundred and four Month China PX Import volume in that month is One hundred and three point one 000 tons, import volume decreased 17.31% Imports fell year-on-year. 27.07% 。 Four month PX The degree of dependence on imports is 38% And Two thousand and nineteen All year round 50% 。

Source: lung Chung

Two thousand and nineteen Year in China PX Total new capacity Eight hundred and thirty-three 10000 tons, superimposed on public health events leading to downstream PTA We can see that the operating rate of the device is low in the first quarter. Two thousand and twenty year Four month PX Imports have dropped. One hundred and three point one 10 million tons, import dependency fell to 38% 。 and Two thousand and nineteen Annual import dependency ratio is 50% 。 because PX Inventory remains high, and downstream factories are facing widespread problems such as reducing contracts and postponing arrival. Four Month PX Import volume reduction 17.31% Then, which countries are importing? Four Is there a marked reduction in the month?

Source: lung Chung

As can be seen from the above picture, Four In June, South Korea, Japan, India, Singapore, Malaysia, Vietnam, Oman and Saudi Arabia all had different reductions, including South Korea, Japan and India. While Brunei, Thailand and China Taiwan have a relatively large volume of imports. PX The equipment is overhauled, while both Taiwan and Brunei are in China. PTA Factories are the main reason for the increase in imports. Look at the changes in the installation of various countries.

Source: lung Chung

Two thousand and twenty year PX The trend of operating rate is year-on-year, though 1-2 The start up rate of the month is low. The main reason is that the new plant of Zhejiang petrochemical company has been put into operation, and the overall operating rate has been lowered. Four In the first ten months of the month, the failure rate caused by device failure is reduced, and the rest time is reduced. PX Compared with previous years, the operating rate is at a relatively high level, and the domestic production base is substantially improved. PX Output also rose significantly.

And abroad PX In particular, Japan and South Korea rely mainly on the Chinese market to digest. PX stay 1-4 In June, the external operating rate showed a downward trend.

The above data show that after the decline in demand, the first affected enterprises are no downstream businesses. PX Capacity further increased, peripheral PX Business pressure will gradually increase.