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Proportion of BDO exports in other diols exports under HS Code: 29053990 was around 79% in the first
half of 2017, which was only around 20% in 2015. RESEARCH
South Korea was the major export destination for BDO, with Jun volume down on the month to 5,114 tons,
but still ranked the top position.
Exports of BDO to South Korea totaled around 21kt in H1 2017, sharing around 68% of the total, and
exports to Vietnam also surged obviously in recent two months. Driven by the Belt and Road, exports of
BDO to Europe apparently increased, with volume at 5,612mt in the first half of 2017 and proportion
around 18%.
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8/10/2017 CCFGroup-China Chemical Fiber
Export average price for BDO also gradually climbed up in line with volume, up by around 30% to
$1.536/kg in Jun, which was only around $1.00/kg in the same period of 2016.
Export companies of BDO in China were intensive, which were mainly large-sized plants.
The internal circle was for Jun structure and external one was for export distribution in H1 2017. Changlian
Chemicals remained major export company in Jun, sharing around 53%, and proportion of Xinjiang Markor
was around 36%, while share of Hyosung and Henan Kaixiang was small.
In the first half of 2017, proportion of Changlian Chemicals and Xinjiang Markor was both above 40%, and
that of Henan Kaixiang was only around 5%. Hyosung did not export in Jan-Apr, 2017, and proportion of it
in H1 2017 was slightly lower than that in Jun.
Chemical feedstock was high overseas in the first half of 2017, and some units remained offline, with
inadequate supply. Chinese BDO enjoyed apparent price advantage and BDO units were active in
exploring export markets, which substantially boosted BDO export.
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8/10/2017 CCFGroup-China Chemical Fiber
Monthly imports of PTMEG were high from the end of 2016 to the first quarter of 2017 and started
decreasing from the second quarter. In view of spandex market operation, spandex plants ran at high
capacity from the end of 2016 to the first quarter of 2017 with successively new capacity additions, and ran
at high capacity too in the second quarter, but turnaround increased. Spandex plants started lowering
earlier purchased feedstock, and new orders for feedstock slightly decreased.
Import unit price for PTMEG also firmed up from Dec 2016 after touching bottom in the second half of
2016. Imports unit price for PTMEG increased by $0.636/kg or 38.8% in the first half of 2017.
Imports of PTMEG for spandex were mainly from Taiwan China under general trade pattern, and mainly to
Shandong, Zhejiang and Xiamen, Fujian.
As for destinations for PTMEG, market share of Yantai, Shandong was around 40%, that of Xiamen,
Fujian and Shaoxing, Zhejiang was both around 25% and that of Haining, Zhejiang was stable.
Imports of PTMEG grew apparently on the year in H1 2017 but may decline in the third quarter of 2017
after demand from spandex plants decreased with more production cut, while import of PTMEG may
enlarge again in the fourth quarter after new capacity of spandex starting operation.
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