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[Industry Focus]：In October, the import and export volume of epoxy resin industry chain in China dropped sharply, and the import volume of bisphenol A decreased by 39% year on year.

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In October, China's epoxy resin industry chain import and export data: the import price was too high, resulting in a significant decline in epoxy resin import and export volume and bisphenol A import volume in October.

Epoxy resin

the import volume was 22700 tons, a year-on-year decrease of 35% and a month-on-month decrease of 23.9%; the average import price was 5278 USD/ton, and the price increased by 10.7%.

the export volume was 6462 tons, up 54.2% year on year and down 25.6% month on month. The average export price was 4577 USD/ton, and the price increased by 5%.

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the import and export volume of epoxy resin has a significant decline, the average price of epoxy resin in the country in October is about 35500 yuan/ton, the average price of imported goods is equivalent to 33800 yuan/ton, plus customs duties and value-added tax, traders profit margin is low or basically no profit. The export price in October is equivalent to about 29000 yuan/ton, which is also related to the domestic price.

Import details:

In October, epoxy resin was mainly imported from Taiwan, South Korea and the United States, and the total import volume of the three places accounted for more than 78%; the main import regions were East China's Jiangsu, Shanghai and South China's Guangdong, and the total import volume of the three provinces accounted for more than 85%.

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Imported epoxy resin trade mode is mainly general trade, the overall proportion is in 89%.

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Export Details:

In October, the main export purposes of epoxy resin were distributed evenly, with Russia, Thailand, Italy and Germany in the top places. The export province of Jiangsu is the largest, accounting for more than 52%.

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the rapid development of epoxy resin industry is in line with the rise of China's manufacturing industry. As China's pillar industries, the electronic industry and automobile industry have a huge demand for epoxy resin. Shipping, marine industry and container industry also increasingly need epoxy resin.

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the development prospect of epoxy resin is very broad. It is estimated that by 2026, China's epoxy resin apparent consumption will increase to 2.21 million tons.

Bisphenol A

the import volume of was 37422 tons, a year-on-year decrease of 39% and a month-on-month decrease of 25%, with an average import price of US $3266/ton. The export volume is 52 tons, with an average export price of 4551 USD/ton, mainly from Guangdong to UAE.

双酚A出口量.jpg

In October, the average market price of bisphenol A in China was about 22000 yuan/ton, and the average price of imported bisphenol A was equivalent to about 20000 yuan/ton. After adding anti-dumping duties and value-added tax, it was equivalent to or even slightly higher than the domestic price. This is one of the reasons why the import volume of bisphenol A decreased by more than 10,000 tons compared with the previous month.

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Import details:

In October, the import and export of bisphenol A were mainly general trade and feed processing trade:

Bisphenol A is mainly imported from South Korea, Thailand, Singapore, Taiwan and Japan. The import provinces and cities are mainly Zhejiang and Shanghai.

双酚A出口明细.jpg

Source: Epoxy Resin and Its Application

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