In July 2023, China’s maleic anhydride export trade volume increased for the second consecutive month.
The export volume of maleic anhydride in July 2023 was 12,600 tons. In June, the export volume of maleic anhydride was 9,200 tons, which was an increase of 3,400 tons in July compared with June, a month-on-month increase of 36.90%.
According to the export data of maleic anhydride in July, the export volume has increased significantly, an increase of 3403 tons compared with June. The export volume of maleic anhydride in July accounted for 13.40% of the output of maleic anhydride in July, and the proportion of foreign trade increased by 3.79 percentage points compared with June.
In terms of specific trade volume, the top four trade volumes in July were India, Brazil, Turkey, and the United Arab Emirates, which exported 6,054 tons, 1,674 tons, 659 tons, and 592 tons respectively, accounting for 48% and 13% of the monthly trade volume, respectively. 5%, 5%, the top four countries with the largest trade volume in July accounted for 71.10% of the total foreign trade volume in July.
In terms of specific trading partners, there were 29 trading countries in July, 2 less than in June; although the export volume of maleic anhydride increased significantly in July, only the top two countries, India and Brazil, had a significant increase in trade volume. The monthly increase was 3,381 tons, a month-on-month increase of 126.49%. Brazil increased 256 tons compared with June, a month-on-month increase of 18.30%. The trade volume of other countries has limited increase or decrease compared with June.
Since export orders came into the market in June, domestic solid anhydride has been waiting for delivery in July, which greatly affects the domestic solid anhydride circulation. In August, the market had not yet landed new production capacity, and raw material accidents continued to occur under high performance. Both domestic and export orders continued to rise, it is expected that the export volume of maleic anhydride in August will still be at a high level under the implementation of foreign trade orders.