Figure 1 Comparison of Polypropylene Import Data Trends for 2024-2025 (10,000 tons, USD/ton)

In February 2025, China's polypropylene import volume was 307,900 tons, a month-on-month increase of 15.93%. The cumulative import volume from January to February 2025 was 573,500 tons, a year-on-year decrease of 0.40%.

Figure 2 Comparison of Polypropylene Export Data Trends for 2024-2025 (10,000 tons, USD/ton)

In February 2025, China's polypropylene export volume was 238,700 tons, a month-on-month increase of 39.26%. The cumulative export volume from January to February 2025 reached 410,100 tons, a year-on-year increase of 34.95%.

2Factors Influencing

Imports: In February, the import volume increased by 15.93%, mainly due to the end of the Spring Festival holiday, which led to the gradual resumption of operations at domestic downstream factories, strengthening demand support, coupled with the restoration of normal port operations. Although there was no obvious arbitrage window in February, the import quantity of polypropylene into China saw an increase.

Exports: In February, export volume saw a significant increase of 39.26%. This was mainly due to companies accumulating inventory during the holiday, resulting in supply pressure and a decline in domestic market prices. Additionally, the exchange rate fluctuated widely, and favorable monetary policies for exports strengthened, boosting domestic enterprises' export sentiment. Therefore, the export quantity in February rose significantly.

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4Import and export structure

4.1Import

4.1.1

Monthly data of China's polypropylene imports by source country.

4.1.2Trade Methods

In February 2025, China's polypropylene import volume reached 307,900 tons, a month-on-month increase of 15.93%. The average import price was $1,075.63 per ton, a month-on-month decrease of 1.97%. The PP import volume in February showed an increase, with general trade accounting for 205,100 tons, taking the lead.

Monthly Data on China's Polypropylene Imports by Trade Method

4.1.3Registered address

China's monthly polypropylene import data by registration location.

4.2

4.2.1Production and Sales Country

In February 2025, China's polypropylene export volume reached 238,700 tons, a month-on-month increase of 39.26%. The average export price was $1,034.91 per ton, a month-on-month decrease of 5.90%. In February 2025, among the main export markets, Vietnam ranked first with an export volume of 36,500 tons, followed by Bangladesh in second place with an export volume of 18,600 tons.

Monthly data on China's polypropylene exports by production and sales country.

4.2.2Trade methods

Monthly data on China's polypropylene exports by trade mode.

4.2.3Registration place

In February 2025, China's polypropylene export volume reached 238,700 tons, an increase of 39.26% month-on-month, with an average export price of $1,034.91 per ton, a decrease of 5.90% month-on-month. The statistics for PP export quantity in February show that the main export registration locations remained stable compared to January, still dominated by coastal areas, with the top three being Shanghai, Zhejiang, and Guangdong provinces.

5Trend Forecasting

2025In March, China's polypropylene import volume is expected to be around 280,000 tons, a decrease of about 9.06% month-on-month; the export volume is expected to be around 340,000 tons, an increase of about 42.44% month-on-month.The main judgment basis is that in March, the domestic market operated weakly under the shadow of new installations being put into operation. Additionally, with low overseas offers and high prices, there is little incentive for import arbitrage, resulting in a decline in import volumes. On the export side, shipping costs have fallen, the depreciation of the RMB has strengthened the currency's advantages, and considering that previous domestic production and trade export pre-sales were generally good, it is likely that, under suitable shipping conditions, there will be a concentrated declaration and shipment, leading to a significant increase in export volumes again.