SunSirs: In the First Quarter of 2024, China's Import Volume of Diethylene Glycol Decreased by 6.29%
May 08 2024 15:37:18 SunSirs (John)
In terms of imports:
In the first quarter of 2024, China's cumulative import of diethylene glycol reached 110,200 tons, a decrease of 7,400 tons or 6.29% compared to the same period last year. The import volume in January was 43,100 tons, the import volume in February was 28,400 tons, and the import volume in March was 38,700 tons.
The top three main import directions were Saudi Arabia, Kuwait, and Oman, with Saudi Arabia accounting for 69,658 tons, accounting for 63.2%, Kuwait accounting for 18,796 tons, accounting for 17.1%, and Oman accounting for 9,122 tons, accounting for 8.3%.
The top three import destinations were Jiangsu Province, Zhejiang Province, and Shanghai City. Among them, Jiangsu Province was the mainstream province for domestic diethylene glycol trade, and had a large downstream UPP production capacity, with an import volume of 41,500 tons, accounting for 37.7%, ranking first; The second place is Zhejiang Province, with an import volume of 34,700 tons, accounting for 31.5%. Shanghai ranks third with an import volume of 8,500 tons, accounting for about 8%.
In terms of exports:
In the first quarter of 2024, the cumulative export volume of diethylene glycol in China was 8,900 tons, a decrease of 8,200 tons or 47.9% compared to the same period last year. The export volume in January was 2,400 tons, the export volume in February was 14,000 tons, and the export volume in March was 5,000 tons. Due to the high operating load of domestic diethylene glycol units in March, the production increased significantly, resulting in a significant increase in export growth.
The main export directions were Brazil, South Korea, and Japan. Brazil ranks first with 1,206 tons, accounting for 13.4%, South Korea ranks second with 1,062 tons, accounting for 11.8%, and Japan ranks third with 707 tons, accounting for 8%.
The main shipping areas were Shandong Province and Henan Province, with 2,088 tons and 2,047 tons respectively, accounting for 23% and 22% respectively. Next was Jiangsu Province, with an export volume of 1,710 tons, accounting for 19%. The shipment volume from other regions was relatively low, less than 1,000 tons.
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