China Methanol Import and Export Data Analysis in August 2021
According to customs data, in August 2021, China imported a total of 1,019,900 tons of methanol, an increase of 4.61% year-on-year and 15.15% YoY, with an average import price of $337.32/ton this month; methanol exports totaled 24,100 tons, an increase of 109.57% YoY and 5.70% YoY, with an average export price of $379.58/ton this month.
So far, from January to August, China's cumulative methanol imports totaled 7.760 million tons, with a cumulative average import price of US$324.10/ton, down 6.67% year-on-year; cumulative exports totaled 281,900 tons, with a cumulative average export price of US$343.69/ton, up 111.53% year-on-year.
Among the top three countries in August imports: UAE, Oman, Trinidad and Tobago; accounting for 39%, 35% and 11% of total imports, respectively. South American shipments arrived in narrow increments during the month, Trinidad sources of goods increased more significantly.
In August, the amount of methanol import shipments arrived in Hong Kong increased widely, during the month, Europe and the United States and India and other peripheral U.S. dollar price strong pull up, some sources of goods transferred to the high price of regional arbitrage, resulting in non-Iranian shipments arrived in the domestic arbitrage goods less, the Middle East recent device operation is mostly stable, a comprehensive view, the estimated total amount of methanol imports in September 1.05-1.1 million tons, still need to pay attention to the actual loading situation in early September and the subsequent unloading speed We still need to pay attention to the actual loading situation in early September and the subsequent unloading speed.
- The 24th China International Agrochemicals & Crop Protection Exhibition (CAC2024) has Officially Opened1114
- IBI was Invited to Visit Jazan and Riyadh, Saudi Arabia for Cross-border Cooperation1174
- Focus GOO, The 2024 (5th) Global Oil and Oilseeds Industry Summit was held in Nantong1198
- LYDD was invited to attend the Trade Promotion and Exchange Conference of the China Chamber of I/E of Foodstuffs, Native Produce and Animal By-products(CFNA) with representatives of Mato Grosso State from Brazil1194
- Mr. Yang Junhao, General Manager of the Malaysia Palm Oil Board (MPOB) China Office and his delegation visited LYDD again1069