An Analysis of Pure MDI Imports and Exports for the Jan.-to-Jul. Period
2018-09-30    [Source:PUdaily]

PUdaily, Shanghai-- Customs data have not been updated for a long time due to the force majeure. After obtaining the data on pure MDI for the period from April to July, PUdaily can't wait to sort out them and share the results with you.

1. Imports for the Jan.-to-Jul. period

As shown in the histogram below, from January to July China imported 42,713 tons of pure MDI, equivalent to the volume (43434 tons) for the same period last year.

Japan and South Korea were the major import sources. It can be seen from the following table that Japan and South Korea accounted for more than 90% of China’s total pure MDI imports. Separately, how much pure MDI were imported from the two countries?

The volumes of imports from Japan and South Korea in 2017 and 2018 are shown in the table below. It can be found that pure MDI imports from Japan in the first 7 months of 2018 slightly decreased. In contrast, those from South Korea increased. There are two reasons for that. First, the operation of Kumho Mitsui Chemicals’ facility was sounder in 2018 than in 2017. Second, the manufacturer adopted a flexible pricing strategy and pursued fast shipment, which was helpful for buyers to place orders.

2. Exports for the Jan.-to-Jul. period

As shown in the histogram below, from January to July China exported 69,464 tons of pure MDI, increasing by 21.3% from 57,275 tons in 2017.

How did the exports to different export destinations change in 2018 compared with 2017? Data on exports to different export destinations are shown as follows. It can be seen that in the first 7 months of 2018, the shares of pure MDI exports to Taiwan (China), Singapore, Brazil, Pakistan and Turkey decreased. Whereas the shares of pure MDI exports to Vietnam, India and the United States increased.


Overall, the net exports of pure MDI increased thanks to the steady increase in domestic capacity and the stable operation of facilities. As the new capacities come onstream, it is believed that China's status as a leading producer of pure MDI will be further enhanced.

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