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Brief on Jan China PET bottle chip export virgin core spun yarn
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Brief on Jan China PET bottle chip export virgin core spun yarn

Views:1     Author:Site Editor     Publish Time: 2019-03-04      Origin:Site

China PET bottle chip exports totaled 267kt in Jan 2019 (it’s based on HS code of 39076110, if combine two HS codes, the figure may approach 300kt), y-o-y growing 31%.

PET bottle chip export order intake amounted to 390kt in Jan, hitting single month high in recent years. Plus Nov-Dec order intake, the 3-month volume is estimated at 1.1 million tons. Apart from Dec-Jan delivered ones, the leftover undelivered volume is around 500-600kt in theory (excluding yearly contract).



Traditional export destinations like India, Philippines, Ukraine, Egypt, Russia and Peru largely maintain two-digit growth. South Africa market however saw obvious decline since H2 2018 as local PET unit operated steadily after debottleneck.

Figure 1. Top 20 China PET bottle chip export destination in Jan 2018 and 2019

Country 19-Jan 18-Jan Y-o-y growth
India 20290200 16056000 26.37%
Philippines 17532000 10291000 70.36%
Ukraine 12501500 9108000 37.26%
Egypt 10120000 6886000 46.96%
France 9020000 2026200 345.17%
Russia (RU) 9013000 3072000 193.39%
Peru 8934000 4755300 87.87%
Belgium 8888000 2486000 257.52%
Thailand 7483000 8831000 -15.26%
South Africa 7224100 24788000 -70.86%
Vietnam 7157500 4537500 57.74%
Italy 6929000 4956000 39.81%
Algeria 6666000 8932000 -25.37%
Croatia 5896000 1386000 325.40%
Indonesia 5688200 9678150 -41.23%
Australia 5666830 5984320 -5.31%
Chile 5637000 6754000 -16.54%
South Korea 5519547 4873770 13.25%
Burma 5456000 6622000 -17.61%
United Arab Emirates 4928000 528000 833.33%

Note: figures are from HS code 39076110

China’s PET resin export volume to EU market boomed in 2018, as EU canceled ADD against China PET resin and China raised tax rebate. Some regions of EU registered 200-300% y-o-y growth in Jan, making China to be the second largest import origins after Korea. France imported over 9kt PET bottle chip in Jan, substantially up 345% on annual basis, and Belgium at 8.9kt, y-o-y rising 257.5%, and Italy at 6.93kt, up 39.8% y-o-y.



Besides, countries that gained rapid increase within short are also worth attention, such as Canada, Uruguay, Ethiopia, UAE, Croatia, Israel and Kyrgyzstan etc. Growth in some places even reached 5-10 times the original figure. This is somehow correlated with the sign of contract end 2018 by overseas plants, and the low price of China PET bottle chip also helped Chinese enterprises gain some market share.



Export order intake generally shrank in Feb due to holiday impact, but still reached 200kt. Overall, to be delivered volume in Q1 is assessed at 800kt or above.


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