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Insight | Time: May 12 2020 9:27AM
China's PSF imports from Southeast Asia and Africa
 
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Recycled PSF market steps into stagnant situation again recently. The feedstock supply remains not large, and recycled PSF prices are hard to move up, with unfavorable sales. Let’s see the imports.

HS code 55032000 is synthetic staple fibers, of polyesters, not carded, including virgin PSF and recycled PSF. And the imports from Southeast Asia and African are mainly the recycled PSF.

China began to import PSF from Burma in 2017, and the volumes were not large overall. In 2019, one HC re-PSF production line in Hangzhou of Zhejiang province relocates to Burma.

Imports from Vietnam soared in 2018. In 2017, the import volumes were only several hundred tons, but with the import ban on solid waste, plants gradually transferred to overseas markets, and Vietnam has solid re-PSF plants. In 2018, imports from Vietnam surged to 13,113 tons, and the volumes reached 19,196 tons in2019.

Imports from Thailand also increased significantly during 2016 and 2019. Local recycled PSF capacity is about 250kt.

African market is also on the rise in recent years, especially in 2018-2019, some Chinese production lines are transferred to Africa. Shandong Shenrunfa transfers its 17kt/year capacity to Nigeria, Guangdong Junfu’s 40kt/year capacity to Nigeria and Guangdong Sanlong’s 25kt/year to South Africa. The table below shows the export volumes of Africa.
China's PSF imports from Africa (incl. virgin PSF and re-PSF)
Unit: tons 2016 2017 2018 2019 Q1, 2020
South Afria 0 230 24 5586 1284
Nigeria 0 0 0 5667 2719
Tanzania 0 0 0 643 0
Egypt 0 0 102 39 0
Total 0 230 126 11935 4003

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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