Acyclic Ketones Without Other Oxygen Function Prices in China
China Acyclic Ketones Without Other Oxygen Function Export Price in September 2022
In September 2022, the acyclic ketones without other oxygen function price stood at $4,858 per ton (FOB, China), with an increase of 2.7% against the previous month. Over the period under review, the export price, however, recorded a slight curtailment. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 17% month-to-month. As a result, the export price attained the peak level of $5,922 per ton. From May 2022 to September 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was the United States ($11.2 per kg), while the average price for exports to Turkey ($2,750 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
China Acyclic Ketones Without Other Oxygen Function Exports
In September 2022, shipments abroad of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) was finally on the rise to reach 1.2K tons after two months of decline. Overall, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in May 2022 with an increase of 135% month-to-month. The exports peaked at 1.9K tons in March 2022; however, from April 2022 to September 2022, the exports failed to regain momentum.
In value terms, exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) expanded rapidly to $5.8M (IndexBox estimates) in September 2022. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in March 2022 when exports increased by 139% against the previous month. As a result, the exports reached the peak of $9.6M. From April 2022 to September 2022, the growth of the exports of failed to regain momentum.
China Acyclic Ketones Without Other Oxygen Function Exports by Country
India (517 tons) was the main destination for exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) from China, with a 43% share of total exports. Moreover, exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) to India exceeded the volume sent to the second major destination, the Netherlands (106 tons), fivefold. The third position in this ranking was held by South Korea (103 tons), with an 8.6% share.
From January 2022 to September 2022, the average monthly growth rate of volume to India totaled +3.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (-10.7% per month) and South Korea (-0.5% per month).
In value terms, the largest markets for acyclic ketones without other oxygen function exported from China were India ($2M), the United States ($1.1M) and the Netherlands ($521K), together accounting for 63% of total exports. South Korea, Germany, the UK, Turkey, Brazil, Argentina, Vietnam, Belgium, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further 28%.
In terms of the main countries of destination, Argentina, with a CAGR of +30.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
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