Home / Knowledge / News / Textiles / Naphtha exports accelerate while imports decline
Naphtha exports accelerate while imports decline
04
Sep '08
Available statistics show that China's exports of naphtha reached 1.185 million tons in January to July, a year-on-year increase of 65.67 percent, while imports registered 274,000 tons over the same period, showing a yearly decline of 63.18 percent.

China's position as naphtha exporter continues to be solid. Increasing international oil prices in 2008 can be considered as one of the main reasons for China's soaring exports and plunged imports in naphtha.

Insiders from Refinery industry said, international crude oil price have seen high level of oscillation in 2008, directly affecting global naphtha price to set new highs. It encourages huge domestic naphtha to flow into export channel; meanwhile domestic users have procured locally produced naphtha in huge quantities, at low cost, and thus imports have reduced.

At present, every month, naphtha produced at Xitai, Dalian plants are mainly exported to Japan and South Korea.

Meanwhile, huge amount of naphtha has been imported by China National Offshore Oil Corporation (CNOOC) via Kowloon Customs into Huizhou, Guangdong, to be used in its ethylene project (800,000 tons / year) and Shell in Daya Bay.

Prices of naphtha in the domestic region are showing fluctuation. This is quite evident from the fact that ex-factory price of naphtha from SINOPEC for September 2008 sharply declined by 1,220 yuan per ton, from 9360 yuan per ton in August to 8,140 yuan per ton.

Among the prices, the ex-factory price from Tahe branch for supply to eastern chemical companies is down from 8,860 yuan per ton to 7,640 yuan per ton.

The pronounced prices are implemented from September 1, 2008.

From 2005 onwards, ex-factory prices of naphtha from SINOPEC have been linked to international prices; they are adjusted once at the beginning of each month, mainly according to average price reference of CIF Japan and FOB Singapore in the previous month.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 23rd Aug 2017

US govt initiates Section 301 investigation of China

The US government has initiated an investigation of China under...

Apparel/Garments | On 23rd Aug 2017

BRC welcomes clarity on goods flow during Brexit

British Retail Consortium (BRC) has welcomed the greater clarity that ...

Textiles | On 23rd Aug 2017

Pakistan minister seeks ideas to boost textile sector

The Pakistani Government will come out with short- and long-term...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search