In terms of imports:
In the first quarter of 2024, China’s cumulative import of diethylene glycol reached 110200 tons, a decrease of 7400 tons or 6.29% compared to the same period last year. The import volume in January was 43100 tons, the import volume in February was 28400 tons, and the import volume in March was 38700 tons.
The top three main import directions are Saudi Arabia, Kuwait, and Oman, with Saudi Arabia accounting for 69658 tons, accounting for 63.2%, Kuwait accounting for 18796 tons, accounting for 17.1%, and Oman accounting for 9122 tons, accounting for 8.3%.
The top three import destinations are Jiangsu Province, Zhejiang Province, and Shanghai City. Among them, Jiangsu Province is the mainstream province for domestic diethylene glycol trade, and has a large downstream UPP production capacity, with an import volume of 41500 tons, accounting for 37.7%, ranking first; The second place is Zhejiang Province, with an import volume of 3.47 tons, accounting for 31.5%. Shanghai ranks third with an import volume of 8500 tons, accounting for about 8%.
In terms of exports:
In the first quarter of 2024, the cumulative export volume of diethylene glycol in China was 8900 tons, a decrease of 8200 tons or 47.9% compared to the same period last year. The export volume in January was 2400 tons, the export volume in February was 14000 tons, and the export volume in March was 5000 tons. Due to the high operating load of domestic diethylene glycol units in March, the production increased significantly, resulting in a significant increase in export growth.
The main export directions are Brazil, South Korea, and Japan. Brazil ranks first with 1206 tons, accounting for 13.4%, South Korea ranks second with 1062 tons, accounting for 11.8%, and Japan ranks third with 707 tons, accounting for 8%.
The main shipping areas are Shandong Province and Henan Province, with 2088 tons and 2047 tons respectively, accounting for 23% and 22% respectively. Next is Jiangsu Province, with an export volume of 1710 tons, accounting for 19%. The shipment volume from other regions is relatively low, less than 1000 tons.
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