According to the Statistics of Jiangyin Inspection and Quarantine Bureau, in June, the Bureau received 23 batches of 32,300 tons of imported chemicals and the value of goods was 36.65 million US dollars. In comparison with the data of May, the import volume decreased by 64% and the value of imported goods decreased by 62%. %.
Jiangyin Port is an important import and export destination for chemical products in the lower reaches of the Yangtze River. The main imported varieties are n-butanol, benzene, ethylene, phenol, butadiene, etc. Among them, nearly eight become temporary stocks for importers. From January to May, the average monthly import volume was basically stable at 80,000 to 100,000 tons, and the value of goods was 80 million to 100 million US dollars, which was basically the same as in the same period of last year. However, the import volume in June entered a steep fall.
The reason is that insufficient downstream demand has been transmitted to the upstream chemical raw materials, the domestic chemical raw material market exceeds demand, the related imported varieties fail to digest the early-stage inventory, and with the rapid decline in domestic trade prices, the import price is even higher than domestic trade. The price of the price hangs upside down. In order to avoid trade risks, importers have reduced or even suspended imports of chemical raw materials.
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