In February, there are many uncertain and unstable factors, the foreign trade market situation is severe and complex, and the import and export of PP particles is reduced and increased. According to the latest customs data, the import volume of the month was about 319,100 tons, a decrease of 5.31% from the previous month, an increase of 10.95; Exports were about 71,200 tons, up 31.25 percent month-on-month and 57.21 percent year-on-year.

First, import

In February, the import of PP in primary shape was about 197,500 tons, a decrease of 15.93% from the previous month, an increase of 4.14%; Ethylene propylene polymer imports were about 108,300 tons, a decrease of 15.93% from the previous month, an increase of 21.66%; Other primary shapes of propylene copolymer imports of about 13,300 tons, a decrease of 32.53% sequentially, an increase of 3.31%. The epidemic in China has been sporadic in some areas, with slowing domestic demand being the main influencing factor. According to the NBS, China's PMI import index has been below the line of expansion or contraction for nine consecutive months.

The main source countries of PP grain imports in February changed little from January, and South Korea continued to rank first with 89,500 tons, accounting for 28.04% of the advantage, but the import volume was still smaller than January, reducing about 17.81%. Followed by the United Arab Emirates and Singapore, accounting for 14.1% and 13.13%, respectively.

In February, the total import volume of PP grains declined, but the general trade position was not shaken, the import volume was 204,800 tons, accounting for 64.16%, a decrease of 18.73% from the previous month; Followed by the import processing trade, about 68,400 tons, accounting for 21.43%, a decrease of 15.97%; The third for the customs special supervision area logistics goods, about 34,800 tons, accounting for 10.9%, an increase of 20%.

In terms of exports

Although the growth rate of exports slowed down in February, it was still at a high level overall. On the one hand, the rising number of COVID-19 cases in many countries has greatly boosted export demand. On the other hand, with the lifting of epidemic prevention measures in the UK, the ROK and other countries, external demand continues to recover, supporting exports to a certain extent. According to statistics: PP exports of primary shape were about 67,100 tons, an increase of 46.09% quarter-on-quarter and 63.93% year-on-year; The export volume of ethylene-propylene polymer was about 0.32 million tons, a decrease of 39.61% compared with the previous year, a decrease of 12.43%; The export volume of other primary shapes of propylene copolymer was about 0.09 million tons, a decrease of 71.16% compared with the previous year, an increase of 26.33%.

In February, PP pellets were mainly exported to Asian countries, followed by North America. Occupying the first place is still Vietnam, 11,300 tons, a small decrease of 0.03 million tons from the previous month, accounting for 15.87% of the total exports. Among the top ten, new faces include Israel, El Salvador, India, Hong Kong, China and Taiwan, with 0.9100 tons, 0.41 million tons, 0.38 million tons, 0.36 million tons and 0.31 million tons, respectively, in the second, third, fourth, fifth and seventh.

In a variety of export trade modes, general trade still occupies an important position, increasing to 55,900 tons in February, accounting for 78.23%; Secondly, the logistics goods in the special supervision area of customs were about 60,700 tons, accounting for 9.41%, an increase of 30,300 tons from the previous month; Import processing trade fell to the third place, the total export volume of about 0.3,800 tons, accounting for 5.37%, a decrease of 0.2,400 tons from the previous quarter.

The current external environment facing foreign trade is more complex and uncertain, but thanks to the strong resilience of China's economy and long-term good expectations, on the whole, imports and exports will maintain steady growth. Looking forward to March, the international oil price has soared several times, and the high cost may have a certain impact on imports. And the global supply and demand gap pressure is still, superimposed "Omicron" new strain of the impact, exports are expected to maintain medium-high growth.