Domestic epoxy resin exports continued to increase in the first half of the year, up 37.68% year-on-year

Along with the deepening of epoxy resin localization, the domestic epoxy resin production capacity is completely overcapacity, the industry supply and demand imbalance is serious, in order to reduce the pressure of domestic competition, the domestic epoxy resin producers actively seek export trade orders, the domestic foreign export volume grows significantly.

Along with the deepening of epoxy resin localization, the domestic epoxy resin production capacity is completely overcapacity, the industry supply and demand imbalance is serious, in order to reduce the pressure of domestic competition, the domestic epoxy resin producers actively seek export trade orders, the domestic foreign export volume grows significantly. 2024 first half of the year, the domestic epoxy resin monthly export volume hit a new record high, especially in June, the domestic epoxy resin export volume of 24,000 tons, an increase of 8.72%, an increase of 68.71%. increased by 8.72%, year-on-year lift of 68.71%.From January to June 2024, the cumulative export volume of domestic epoxy resin reached 125,600 tons, an increase of 37.68% over the same period last year.

In terms of domestic epoxy resin export in the first half of 2022-2024, the overall upward trend, the average annual compound growth rate of 50.28%. Among them, the first half of 2024 exports 125,600 tons, the best level in the same period in history; 2024, the domestic epoxy resin production capacity of 3.4625 million tons / year, the domestic supply of epoxy resin more and more adequate, the contradiction between supply and demand is prominent, although since April, shipping container capacity is tight and shipping rates rose sharply, but the domestic epoxy resin manufacturers export enthusiasm unabated, and actively develop overseas markets. Epoxy resin exports continue to rise sharply.

From the first half of the domestic epoxy resin main export trading partners, are near-oceanic countries and regions, of which, the top five were Russia, the United Arab Emirates, Italy, the Netherlands and India, respectively, accounted for the first half of the epoxy resin export volume of 11.49%, 7.97%, 7.12%, 6.53%, 6.32%.

Russia's high demand for China's epoxy resin is one of the important driving forces driving the growth of domestic epoxy resin exports in the first half of the year. China-Russia trade in recent years to maintain a good momentum of development, exports to Russia to maintain a high level, the first half of the total exports to Russia reached 14,400 tons; In addition, the first half of the domestic exports of epoxy resins to the United Arab Emirates, the Netherlands and India also maintained a large increase: the first half of the cumulative total of 10,000 tons of exports of epoxy resins to the UAE, an increase of 76.24%, the UAE, as an important entrepot trade hub in the Middle East region. Promote the development of the epoxy resin market. Exports to the Netherlands 0.82 million tons, an increase of 33.56% year-on-year; exports to India 0.79 million tons, an increase of 41.25% year-on-year, the future is expected to domestic exports of epoxy resins to their countries will further increase.