Analysis of China’s maleic anhydride export data in July, 2021
According to customs data, China exported a total of 10,175 tons of maleic anhydride (maleic anhydride) in July 2021, with an export value of US$14,669,600 and an average price of US$1,441.73/ton. Export volume increased by 146.61% year-on-year and decreased by 7.18% month-on-month.
Based on China custom’s maleic anhydride export data in the past two years, in 2021, the monthly export of maleic anhydride has been at a high level of more than 10,000 tons for a long time. April is the highest point in the year. In 2020, only the beginning of the year, the export volume will increase sharply, and then monthly exports will be The volume quickly shrank to less than 5,000 tons. Therefore, China’s maleic anhydride export volume has a huge advantage this year, which makes the domestic supply and demand relationship obviously turn to a tense state, and the long-term shortage has caused the market to remain high. As far as the solid supply price in the East China market is concerned, it is 8000-8500 yuan during the beginning of the year. Except for the low shocks near the ton/ton, the average at other times is at the high level of 9000-13000 yuan/ton in recent years.
In terms of the export direction of maleic anhydride, China’s maleic anhydride was mainly sent to the Middle East, Southeast Asia and South America in July. Among them, Turkey, India and Brazil ranked high, with data exceeding 1,000. The export volume was 2,946 tons, 17,21 tons and 1,423 tons, respectively. Compared with the same period last year, the level of shipments to these three regions has basically doubled.
In terms of shipping regions, the top rankings are mainly Shandong, Zhejiang, Henan and Anhui Provinces. These four regions exported a total of 8,722 tons of maleic anhydride. Jiangsu Province, which ranked first in the previous period, ranked fifth. The volume is only 827 tons. During the period, there was no significant adjustment in the production situation of major enterprises. Due to the impact of the epidemic in Jiangsu, the monthly shipment volume in the region showed a decrease.