China's ethylene glycol trade is dominated by general trade, accounting for about 70.5%, mainly due to the large domestic downstream demand gap. Import processing trade accounts for about 13. 1%. In addition, the dumping trade in the bonded area is also active, which is a relatively high variety of liquefied products. However, with the restrictions on re-export letters of credit imposed by banks in some regions, the share of dumping trade in bonded areas has declined.
In 20 17, China's ethylene glycol was mainly imported from Jiangsu and Zhejiang provinces, with an import volume of 7.436 million tons, accounting for 85.0% of the country. Followed by Shanghai, Fujian and other places.
China's ethylene glycol imports are mainly based on storage companies and polyester production enterprises, and storage companies mainly declare for traders, so they become the most important import units. Among them, Zhangjiagang Free Trade Zone yangtze river international Port Co., Ltd. is the largest storage company for ethylene glycol, followed by Jiangsu Changjiang Petrochemical Co., Ltd., Zhangjiagang Fu Bao Storage Co., Ltd., Zhangjiagang Bonded Logistics Park Karen Storage Co., Ltd., Ningbo Ningxing Liquefied Storage and Transportation Co., Ltd. and Taicang Yang Hong Petrochemical Co., Ltd. ..
The second largest import unit group is polyester production enterprises, and large polyester factories such as Hengli, Tongkun, Hengyi, Fiona Fang, Far East, Shenjiu and Rong Sheng all have high import demand. This kind of production enterprises mainly sign long-term contracts with foreign businessmen, and generally deliver goods to the designated reservoir areas in East China on an annual basis. This part of the contracted goods is mainly for personal use, and a small amount flows into the trade market.