For the First Time in 2019, the Number of DOP Exports Exceeded Imports

In July, the import volume of DOP was 1,643.11 tons, a decrease of 43.54% compared with the same period of last year. The cumulative import volume from January to July was 57,709 tons, down 10.13% year-on-year; the export volume in July was 2,915.98 tons, up 48% year-on-year, from January to July. The export volume was 8662.9 tons, an increase of 303% year-on-year. buy PG from Evergreen

In July, the domestic price of DOP was low. The average monthly price in Jiangsu was 7462 yuan/ton. The lowest price appeared at the end of the month, at 7100 yuan/ton, while the average import price in July was 7640 yuan/ton. Domestic prices showed a downward trend. Merchants have limited intention to buy imported goods. In addition, the Taiwan factory also has low sales intentions to the mainland. Therefore, only 1,500 tons of contract supply was supplied in July, which led to a significant drop in imports. From the current arrivals and transactions, domestic Imports in August were about 2,600 tons, still at a relatively low level, and still mainly based on contract sources.

In 2019, the number of DOP exports increased significantly. The export volume in July was 2,915.98 tons, an increase of 1532% from the previous month. It can also be seen in Figure 2 that the overall increase is more significant. In addition, as can be seen from Figure 3, the first export volume in the market is greater than the import volume. In the case, the export volume is 1273 tons more than the import volume. China's domestic price is low. From January to July, the average price in Jiangsu is 7,920 yuan/ton. In the same period of 2018, the average price was 8,704 yuan/ton, down 9.01% year-on-year. Low is also an important factor in the increase in DOP exports.

In 2019, the number of exporting countries reached more than 42 countries. Figure 4 shows the situation of some exporting countries. It can be seen that Indonesia, North Korea and Vietnam are the top three exporting countries, accounting for 26%, 8% and 7% respectively.

The overall domestic trade situation is grim, and the regional and enterprise competition is under great pressure. Actively developing the export market is also one of the ways to relieve stress.