
China - Methyloxirane (Propylene Oxide) - Market Analysis, Forecast, Size, Trends And Insights
Propylene Oxide Price in China Bottoms at $1,136 per Ton
China Propylene Oxide Import Price in September 2022
In September 2022, the propylene oxide price stood at $1,136 per ton (CIF, China), which is down by -7.6% against the previous month. Over the period under review, the import price showed a deep slump. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 0.5% against the previous month. The import price peaked at $1,999 per ton in January 2022; however, from February 2022 to September 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Saudi Arabia ($1,180 per ton), while the price for South Korea ($1,040 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by South Korea (-4.8%), while the prices for the other major suppliers experienced a decline.
China Propylene Oxide Imports
In September 2022, supplies from abroad of methyloxirane (propylene oxide) decreased by -51.4% to 17K tons for the first time since June 2022, thus ending a two-month rising trend. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in May 2022 with an increase of 71% m-o-m. As a result, imports attained the peak of 42K tons. From June 2022 to September 2022, the growth of imports remained at a lower figure.
In value terms, propylene oxide imports declined sharply to $19M (IndexBox estimates) in September 2022. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in May 2022 when imports increased by 72% against the previous month. Over the period under review, imports reached the maximum at 65K tons in January 2022; however, from February 2022 to September 2022, imports remained at a lower figure.
China Propylene Oxide Imports by Country
In September 2022, Thailand (11K tons) constituted the largest propylene oxide supplier to China, accounting for a 63% share of total imports. Moreover, propylene oxide imports from Thailand exceeded the figures recorded by the second-largest supplier, South Korea (3.2K tons), threefold.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-6.0% per month) and Saudi Arabia (-18.4% per month).
In value terms, Thailand ($12M) constituted the largest supplier of propylene oxide to China, comprising 64% of total imports. The second position in the ranking was held by Saudi Arabia ($3.7M), with a 19% share of total imports.
From January 2022 to September 2022, the average monthly growth rate of value from Thailand amounted to -6.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Saudi Arabia (-24.6% per month) and South Korea (-10.5% per month).
This report provides an in-depth analysis of the propylene oxide market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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