According to customs statistics, since the beginning of this year, China’s foreign trade import and export scale has shown a trend of increasing quarter by quarter. In the first quarter, the second quarter and the third quarter of this year, the total import and export value is RMB 8.51 trillion , 9.59 trillion and 10.23 trillion respectively, with a year-on-year increase of 29.7%, 25.2% and 15.2% respectively.

In the first three quarters, the total import and export value of China export and import goods is RMB 28.33 trillion, with a year-on-year increase of 22.7%, of which the exports is RMB 15.55 trillion, with an increase of 22.7%; The imports reaches RMB 12.78 trillion, with an increase of 22.6%. In September, the total import and export value is RMB 3.53 trillion, with a year-on-year increase of 15.4%, of which the export is RMB 1.98 trillion, with a year-on-year increase of 19.9% (expected increase of 13.30%), with a week on week increase of 4.2%;The imports reaches RMB 1.55 trillion, with a year-on-year increase of 10.1% (expected to increase by 14.60%) and a week-on-week increase of 1.6%.

Since the third quarter, the epidemic situation in Southeast Asia and other countries has deteriorated again, objectively causing some orders to be transferred to China, which has formed a short-term favorable support for improving China export scale. In the fourth quarter, overseas Christmas and other festivals are approaching, and there is space for further improvement in the dependence of European and American countries on Chinese toys, textiles and other products.

“ Under the background of the obvious increase in overseas demand, port and terminal congestion incidents occur frequently, and the shipping prices move up in turn, with a gradual negative impact on all parties. As an important transit station in the international shipping market, affected by the epidemic in many countries in Southeast Asia, Singapore's cargo volume surges, and the port is congested, where the shipping schedule is extended, and the shipping cost is doubled. Zhang Songsheng, executive chairman of Singapore Taiping shipping group, said: "Due to the transportation capacity is suppressed, the rent of the ship also rises. A Panamanian ship, which can carry 4200 containers. The minimum rent is only a few thousand dollars to 10000 dollars per day, and now the maximum rent can be 40000 per day or 50000 dollars per day. For some emergency transportation needs, the rent can be up to 100000 dollars per day." 

Overseas demand surges. Under the background of a substantial increase in China exports, TDI exports decreases by 8.4% week on week in September. The main reason is that China's TDI production enterprises carry out the large-scale shutdown for maintenance in September, the overall operation rate fell to a low level, and there is a shortage of spot goods, which can not be exported to overseas. Therefore, the export price of TDI keeps rising. By the end of October, the CIF offer for exports to major ports in Southeast Asia has reached USD 2,500/ton, and the CIF offer for exports to some countries such as the Middle East and India is as high as USD 2700 ~ 2800/ton.
After October, although Chinese TDI suppliers have restarted one after another, TDI units of Saudi sadara company,Hanwha company and BASF South Korea company have carries out the maintenance plan one after another. TDI spot is still in tight supply in the international market, and there is an urgent need for a large number of exports to replenish the vacancy in the China market. Therefore, export prices remain high and continue to move up.

The traders predict that China TDI export volume may exceed 30,000 tons in October. Meanwhile, the traditional peak season of China TDI has come, and China demand is expected to move up significantly. It is expected that TDI exports will remain hot in the future.