In March, the domestic PP export market quietly rose, arbitrage space was opened. According to the statistics of customs data, the export volume of PP in that month was about 257100 tons, with a significant increase of 211900 tons (468.81%) on a month on month basis, and a significant increase of 182600 tons (245.10%) on a year-on-year basis. Among them, the export volume of primary shape polypropylene (tariff No.: 39021000) was 244500 tons, with a significant increase of 203600 tons (497.80%) on a month on month basis, and a significant increase of 178500 tons (270.45%) on a year-on-year basis. The export volume of ethylene propylene polymer (tariff No.: 39023010) was about 10000 tons, with a month on month increase of 177.78% and a year-on-year increase of 35.14%. The export volume of propylene copolymers in other primary shapes (tariff No.: 39023090) was about 2600 tons, with a month on month increase of 271.43% and a year-on-year increase of 136.36%.

1. Major exporting countries or regions

China’s main export direction is still Southeast Asia. As most of the plants in this region will enter the centralized maintenance, it provides trade space for China’s PP export market. In particular, 30% of the plants in India are shut down for maintenance, and the influx of PP orders makes India out of Vietnam in March, becoming the country with the largest PP export volume in China, with a total of 44200 tons, accounting for 17.19%; Turkey and Vietnam ranked second and third, with export volume of 36200 tons and 32800 tons, accounting for 14.07% and 12.76%.

2. Mode of export trade

In March, the general trade was still the most important trade mode for China’s export of PP, accounting for about 231500 tons, accounting for 90.02%, followed by logistics goods and processing trade of imported materials in special customs supervision areas, accounting for 4.7% and 2.23% respectively.

It is reported that many PP parking devices in North America and the Middle East will be restarted one after another, but the real overhaul tide in Southeast Asia will be in late April. Therefore, for China’s PP export market, it is still worth looking forward to a high total export volume in April.