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Chinese producers continue to increase PET exports

August 22/2013

MOSCOW (MRC) - Chinese producers of polyethylene terephthalate (PET) have increased their export shipments to foreign markets. Exports of Chinese PET have increased by 62% to 538,000 tonnes in the second quarter 2013 compared to the same period a year earlier (332 ,000 tonnes), according to MRC analysts.

Chinese producers have increased their sales in all markets. The largest increase in Chinese PET exports in the second quarter was recorded in the market of Africa and the Middle East (up by 118% to 156,000 tonnes).
However, the largest consumer of Chinese PET continue to be southern regions of Asia (exports in the second quarter totalled more than 162,000 tonnes).

In general, exports of Chinese PET in the first half of the year increased by 32% to about 930,000 tonnes.
Substantial increase in PET granulate exports from China was seen in CIS countries.

The advantage of Chinese brands is supported by attractive prices and the quality of some brands from large producers, such as Jiangsu Sanfangxiang, Shanghai Hengyi Polyester, Zhejiang Wankai, China Resources Chemicals, etc.

Exports of Chinese PET to Ukraine grew by more than 64% relative to the period of 2012 and totalled 68,000 tonnes in the first half of 2013.

Russian converters have also increased their purchases in China. In the first six months of 2013 imports of PET from China totalled 51,500 tonnes, up by 19% year on year (despite the overall decline in imports in January-June from 106,000 tonnes 91,000 tonnes).
Author:Anna Larionova
Tags:SNG, PET, packaging, China Resources Chemicals, Jiangsu Sanfangxiang, Shanghai Hengyi Polyester, Zhejiang Wankai, China.
Category:General News
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