Salt: Chinese imports in 5M 2017 dramatically up y-on-yPosted by Dimpal on July 12, 2017
Roskill view: Chinese salt imports for the first five months of 2017 totalled 4.9Mt, which was a substantial increase on the 2Mt over the same period in 2016. Roskill attributes this rise in part to a recovery by recovery of the Chinese chloralkali industry, which suffered cutbacks in capacity during 2016.
Indian suppliers of high-purity solar salt have stood benefited from this rising demand, accounting for 75% of the total volume of China’s imports so far in 2017. This is a trend Roskill expects to intensify through the rest of the year with a number of Indian producers aiming to capitalise on the growing demand.
Although shipping rates have increased during 2017, as indicated by the Baltic Dry Index, transporting low-cost salt over long distances remains an attractive option for many producers. Roskill anticipates much of the demand in the coming years from the Chinese chemicals industry will be satisfied by Indian solar salt supply and Australian exports.
Roskill’s Salt: Global Industry, Markets & Outlook report was published in October 2016. Click here to download the brochure or sample pages or access further information.