Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in China - 2023

Contents:

1. Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in China (CIF) - 2023
2. Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in China (FOB) - 2022
3. Imports of Liquefied Ethylene, Propylene, Butylene and Butadiene in China
4. Exports of Liquefied Ethylene, Propylene, Butylene and Butadiene in China

Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in China (CIF) - 2023

The average import price for liquefied ethylene, propylene, butylene and butadienes stood at $716 per ton in December 2023, reducing by -8.8% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 17% against the previous month. Over the period under review, average import prices attained the peak figure at $820 per ton in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were the Philippines ($820 per ton) and South Korea ($805 per ton), while the price for Malaysia ($632 per ton) and Thailand ($724 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (-0.3%), while the prices for the other major suppliers experienced a decline.

Price for Liquefied Ethylene, Propylene, Butylene and Butadiene in China (FOB) - 2022

In 2022, the average export price for liquefied ethylene, propylene, butylene and butadienes amounted to $734 per ton, reducing by -3% against the previous year. Over the period under review, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 a decrease of -2.7% against the previous year. Over the period under review, the average export prices attained the maximum at $1,420 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,780 per ton), while the average price for exports to Indonesia totaled $909 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-5.6%), while the prices for the other major destinations experienced a decline.

Imports of Liquefied Ethylene, Propylene, Butylene and Butadiene in China

For the third year in a row, China recorded decline in overseas purchases of liquefied ethylene, propylene, butylene and butadienes, which decreased by -9.9% to 318K tons in 2022. In general, imports continue to indicate a deep setback. The smallest decline of -7.3% was in 2021.

In value terms, imports of liquefied ethylene, propylene, butylene and butadienes reached $265M in 2022. Overall, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year.

Top Suppliers of Liquefied Ethylene, Propylene, Butylene and Butadiene to China in 2022:

1. South Korea (178.2K tons)
2. Thailand (73.5K tons)
3. Malaysia (30.7K tons)
4. Japan (17.0K tons)
5. Philippines (5.9K tons)
6. Russia (4.8K tons)
7. Singapore (3.7K tons)

Exports of Liquefied Ethylene, Propylene, Butylene and Butadiene in China

In 2022, approx. 3.8K tons of liquefied ethylene, propylene, butylene and butadienes were exported from China; reducing by -5.3% on the previous year. Overall, exports continue to indicate a abrupt decrease. The smallest decline of -4.7% was in 2020.

In value terms, exports of liquefied ethylene, propylene, butylene and butadienes reduced to $2.8M in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The smallest decline of -7.3% was in 2020.

Top Export Markets for Liquefied Ethylene, Propylene, Butylene and Butadiene from China in 2022:

1. Indonesia (0.8K tons)

Source: IndexBox Market Intelligence Platform