Price for Compounds Containing An Unfused Triazine Ring (Whether Or Not Hydrogenated) In The Structure (Excluding Melamine) in China
China Compounds Containing An Unfused Triazine Ring (Whether Or Not Hydrogenated) In The Structure (Excluding Melamine) Export Price in September 2022
In September 2022, the compounds containing an unfused triazine ring (whether or not hydrogenated) in the structure (excluding melamine) price amounted to $3,514 per ton (FOB, China), surging by 5.5% against the previous month. Over the period under review, the export price, however, recorded a mild curtailment. The growth pace was the most rapid in March 2022 when the average export price increased by 6.5% m-o-m. The export price peaked at $3,927 per ton in January 2022; however, from February 2022 to September 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($5,411 per ton), while the average price for exports to Spain ($1,501 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 Russia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
China Compounds Containing An Unfused Triazine Ring (Whether Or Not Hydrogenated) In The Structure (Excluding Melamine) Exports
In September 2022, exports of compounds containing an unfused triazine ring (whether or not hydrogenated) in the structure (excluding melamine) from China contracted to 43K tons, declining by -5.4% on the previous month. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in May 2022 with an increase of 42% month-to-month. Over the period under review, the exports of compounds containing an unfused triazine ring (whether or not hydrogenated) in structure (excluding melamine) reached the peak figure at 67K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
In value terms, exports of compounds containing an unfused triazine ring (whether or not hydrogenated) in the structure (excluding melamine) contracted to $153M (IndexBox estimates) in September 2022. In general, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in March 2022 with an increase of 47% m-o-m. The exports peaked at 261K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.
China Compounds Containing An Unfused Triazine Ring (Whether Or Not Hydrogenated) In The Structure (Excluding Melamine) Exports by Country
Brazil (11K tons), the United States (7.2K tons) and India (3.4K tons) were the main destinations of exports of compounds containing an unfused triazine ring (whether or not hydrogenated) in the structure (excluding melamine) from China, together comprising 50% of total exports. These countries were followed by Spain, Indonesia, Argentina, Japan, Mexico, Russia, Chile, Australia, Vietnam and Italy, which together accounted for a further 29%.
From January 2022 to September 2022, the biggest increases were in Chile (with a CAGR of +12.6%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Brazil ($39M), the United States ($32M) and India ($18M) were the largest markets for compounds containing an unfused triazine ring (whether or not hydrogenated) in the structure (excluding melamine) exported from China worldwide, with a combined 59% share of total exports. Indonesia, Argentina, Russia, Spain, Japan, Mexico, Vietnam, Italy, Australia and Chile lagged somewhat behind, together comprising a further 21%.
Chile, with a CAGR of +8.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.
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