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Petrochemical Industry

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					Petrochemical Industry

Petrochemical Industry in 2004

In 2004, the petrochemical industry is improving with continual increase in products prices particularly in the third quarter of 2004 which they increase strongly and doubling due to extremely rising crude oil prices in world market, while the demand for plastic bead in the global market is high resulting in large export and shortage of plastic bead in domestic market. However, its tight conditions have eased up by the end of the year both prices and sales volume because the related industrial manufacturers have slowed down their purchasing orders to observe the price situation. For the petrochemical production, entrepreneurs plan to increase their investments continuously by using more natural gases as raw materials. The import and export of petrochemical products in 2004 have increased in all categories. The import values of upstream chemical products is Baht 8,123 million increased by 116% from last year, intermediate chemical products as of Baht 47,139 million increased by 53%, and downstream chemical products as of Baht 62,888 million increased by 49 %. The export values of upstream chemicals is Baht 29,501 million increased by 43% from last year, intermediate chemicals as of Baht 16,312 million increased by 33% and plastic bead as of Baht 119,034 million increased by 41 %.

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Quarter/Year

Upstream Petrochemical (million Baht) Import Export 874 1,031 736 1,157 3,798 1,963 1,547 1,974 2,639 8,123 5,542 5,746 5,228 4,124 20,640 3,957 6,182 8,773 10,669 29,501

Intermediate Petrochemical (million Baht) Import Export 7,536 7,440 7,986 7,918 30,880 8,918 10,348 11,025 16,848 47,139 3,818 3,740 3,087 1,644 12,289 3,079 3,792 4,561 4,880 16,312

Downstream Petrochemical (million Baht) Import Export 10,929 10,223 10,368 10,088 42,268 12,313 12,587 14,828 23,160 62,888 19,772 20,396 21,574 22,923 84,665 24,702 27,208 29,846 37,278 119,034

Q1/2003 Q2/2003 Q3/2003 Q4/2003 2003 Q1/2004 Q2/2004 Q3/2004 Q4/2004* 2004* Source:

Information from the Customs Department Downstream petrochemical products include those with the customs code: 3817.10, 3901-3905, 3906.10, 3907, 3908.10, 3909, and 4002.

Trend in 2005

For the trend in 2005, it is expected that the petrochemical industry would continue to expand in line with the national economy and world market’s demand for petrochemical products, particularly the high demand from China. However, entrepreneurs would face problem of raw materials due to fluctuation of oil situation in world market. Natural gas has become one of the alternative raw materials that entrepreneurs consider to cope with such situation.

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Quarterly Import of Major Plastic Bead in Thailand
Plastic Bead LDPE/LLDPE HDPE EVA PP
Customs Code (10 Digits) 3901 100 005 3901 200 007 3901 300 009 3902 100 000 3902 300 004 Quarter 3/2003 Volume Value (ton) (million Baht) 23,803 769,333 20,402 3,872 27,590 8,213 2,861 15,416 2,781 14,742 10,631 465 1,283 2,015 139,509 569,024 211,469 951,758 342,420 117,644 755,515 140,476 883,206 317,971 22,852 73,506 277,322 5,664,435 Quarter 2/2004 Volume Value (ton) (million Baht) 21,827 873 21,854 4,279 19,329 11,129 2,724 17,704 2,839 17,671 4,971 589 1,393 6,085 138,596 772 222 834 484 130 932 145 1,445 193 21 83 514 6,941

Quarter 3 Volume (ton) (m 80,745 62,658 14,627 71,562 34,517 9,141 53,799 9,923 53,799 15,557 2,363 4,646 16,694 450,053

PS

3903 110 007 3903 190 004

ABS/SAN

3903 200 008 3903 300 004

PVC

3904 100 001 3904 210 004 3904 220 005

PET Total ** Q-Q ** Y-Y year

3907 600 007

: Change in volume compared to last quarter : Change in volume compared to the same quarter in the previous

Quarterly Export of Major Plastic Bead in Thailand
Customs Code (10 Digits) LDPE/LLDPE HDPE EVA PP 3901 100 005 3901 200 007 3901 300 009 3902 100 000 3902 300 004 PS 3903 110 007 3903 190 004 Quarter 3/2003 Volume Value (ton) (million Baht) 53,576 1,518 93,433 3,031 75,334 36,606 21,807 36,095 2,340 100 2,179 1,164 691 1,241 Quarter 2/2004 Volume Value (ton) (million Baht) 67,191 2,345 88,525 3,423 107,732 25,163 2,602 50,364 2,920 248,862 149 12,003 3,669 369,938 904 77,837 101 5,549 1,961 153,266

Quarter 3 Volume (ton) ( 187,589

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ABS/SAN

3903 200 008 3903 300 004

5,841 25,681 99,061 446 3,128 58,821 570,293

236 1,185 2,503 17 92 4,076 19,237

6,342 28,087 85,647 1,168 1,380 70,320 604,488

241 17,614 1,396 83,115 2,896 233,977 54 3,339 56 5,311 5,119 220,746 24,363 1,813,196

PVC

3904 100 001 3904 210 004 3904 220 005

PET Total

3907 600 007

** Q-Q ** Y-Y

: Change in volume compared to last quarter : Change in volume compared to the same quarter in the previous year

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