Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones In Primary Forms Prices in China

China Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones In Primary Forms Import Price in September 2022

In September 2022, the petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms price stood at $4,972 per ton (CIF, China), approximately equating the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 14% against the previous month. As a result, import price reached the peak level of $5,544 per ton. From June 2022 to September 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,610 per ton), while the price for Taiwan (Chinese) ($2,311 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 (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

China Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones In Primary Forms Imports

In September 2022, imports of petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms into China dropped slightly to 14K tons, which is down by -3.3% against the month before. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in July 2022 with an increase of 12% m-o-m. Imports peaked at 17K tons in January 2022; however, from February 2022 to September 2022, imports stood at a somewhat lower figure.

In value terms, imports of petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms reduced slightly to $71M (IndexBox estimates) in September 2022. Overall, imports saw a mild shrinkage. The growth pace was the most rapid in March 2022 when imports increased by 15% month-to-month. Imports peaked at 86K tons in July 2022; however, from August 2022 to September 2022, imports remained at a lower figure.

China Petroleum Resins, Coumarone-Indene Resins, Polyterpenes, Polysulphides, Polysulphones In Primary Forms Imports by Country

South Korea (3.9K tons), Japan (3.1K tons) and Taiwan (Chinese) (1.3K tons) were the main suppliers of imports of petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms to China, together accounting for 59% of total imports.

From January 2022 to September 2022, the biggest increases were in Taiwan (Chinese) (with a CAGR of +0.4%), while purchases for the other leaders experienced a decline.

In value terms, South Korea ($17M), Japan ($17M) and the United States ($11M) were the largest petroleum resins, coumarone-indene resins, polyterpenes, polysulphides, polysulphones in primary forms suppliers to China, together comprising 63% of total imports. Germany, Taiwan (Chinese), Singapore and Thailand lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +0.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.