TDI Overview in China
PUdaily, Shanghai– 1. China’s TDI imports and exports in 2018
According to China Customs, China’s TDI imports totalled 52,457 tons for the January-October period. The volume of TDI imports for the full year is estimated to reach 62,949 tons, increasing by 20,122 tons from last year, or 47%. South Korea and Saudi Arabia make the biggest contribution to the growth. For the January-October period, China’s TDI exports amounted to 73,391 tons. The volume of TDI exports for the full year is estimated to reach 88,068 tons, decreasing by 36,097 tons from prior year, or 29%. The decrease is mainly due to the manufacturers’ limited willingness to export their products thanks to the high domestic prices.
2. Imports from main import sources in 2017 and 2018
South Korea remained the biggest source for China’s TDI imports, accounting for around 58% of its total TDI imports. With the start-up of Sadara’s facilities, China’s imports from Saudi Arabia rose to 14,000 tons. The figure is likely to continue rising in 2019. In 2018, Saudi Arabia accounted for about 23% of China’s TDI total imports.
3. Exports from China’s TDI exporters in 2017 and 2018
Covestro remained China’s biggest TDI exporter. Its export volume for 2018 is estimated to reach around 62,000 tons, down by 37.7% and accounting for about 70% of China’s total TDI exports. At the same time, thanks to the high domestic prices, other manufacturers also saw moderate volume of exports. They exported a total of 261.7 million tons in 2018, up by 1,463 tons, or 6%.