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    Home > Organic Chemistry Topics > Organic Chemistry Project > Inventory of imported goods in China's ports has further reduced

    Inventory of imported goods in China's ports has further reduced

    • Last Update: 2022-02-21
    • Source: Internet
    • Author: User
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    Since February 2017, the international market (including China) has changed rapidly.
    Due to the rapid shift in supply and demand, the Asian and American markets have all risen and fallen.
    The Chinese market is based on the main driving force of the decline in the market.
    The overall import volume is limited, and due to the reverse opening of the Asia-US arbitrage window, the import inventory of Chinese ports has further reduced
    .
    ? In February 2017, the methanol plants in the Middle East and Southeast Asia successively experienced problems, and the overall operating load decreased, which caused the center of gravity of the European and American markets to rise sharply.
    Some of them rose to historical highs in 9 years.
    At the same time, it also led to a decline in imports from China and Northeast Asia.
    While prices in Europe and the United States are rising and China’s imports are shrinking, another identity of China’s methanol market, the main producing area, has become increasingly prominent
    .
    ? As we all know, with the successive commissioning of China’s coal-to-olefin projects from methanol to olefins since 2014, China’s methanol demand has entered a period of rapid growth.
    Taking 2016 as an example, China’s methanol market added nearly 2.
    5 million tons of olefin production capacity.
    Under the effect of amplification, the new demand for methanol reached more than 7 million tons, which also led to a 60% increase in China's methanol imports, which in turn made China's status as a major supplier country replaced by an identity that has been beaten by demand
    .
    ? But what we still need to pay attention to is that as of the end of 2016, China had a total effective methanol production capacity of about 76 million tons, accounting for about 50% of the international methanol production capacity, which was driven by the sharp increase in China's methanol price at the end of 2016 , The profitability of domestic coal-based and natural-gas-based methanol has increased, and some companies have earned as much as several hundred yuan
    .
    However, due to the differential performance of the domestic and foreign markets after the holiday, domestic goods began to hit the port and passed to the international market through the port market, forming a situation that dragged down the decline from west to east
    .
    According to data from Jinlianchuang, since 2017, the inventory of some East China ports such as Changzhou, Zhangjiagang, Nanjing and other places has increased by 100,000 to 130,000 tons compared with the beginning of the year, while the overall increase of Taicang Port, which is dominated by imported goods, has been relatively limited.

    .
    ? While domestic goods are being sold to the port market, the continuous inversion of domestic and foreign prices has reduced overall imports.
    In February, China’s methanol imports fell to around 675,000 tons.
    In March, some major international traders adjusted their trade strategies and adopted The impact of long-term contracts in the Chinese market has been reduced to sell more goods to Japan, South Korea, and the European and American markets, which in turn has significantly reduced China's imports
    .
    According to data from Jinlianchuang, China's imports of methanol may be reduced to 500,000-530 thousand tons in March 2017, about 60% of which are concentrated in East China ports, and the arrival of goods within a month in some reservoir areas is very limited, with only 1-2 ships.
    The goods arrive at the port
    .
    Under the background that the Chinese market fell earlier than the European and American markets in March, the China-South Korea and China-US arbitrage windows were opened during certain periods, and some bonded goods opened for re-export trade, and some goods were mainly transported by return ships, and the freight was relatively low.
    Low
    .
    It is reported that from mid-March to early April 2017, China had about 63,000 tons of goods re-exported, of which about 30,000 tons were in South Korea, and about 33,000 tons were re-exported to the United States, and most of them were concentrated in Taicang ports
    .
    With the re-export of bonded goods, the inventory in some reservoir areas of East China Port has dropped significantly.
    The inventory in Taicang area fell to 187,000 tons at the end of the month, a decrease of nearly 80,000 tons from the end of February
    .
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