量减价稳：11月中国苯酐出口市场结构分析

Export Data Analysis - In November 2025, China's anhydride exports continued to decline month-on-month but showed significant year-on-year growth, with an export volume of 11,300 tons, a slight decrease of 4.8% year-on-year and a 13.6% decrease month-on-month. The average export price was $775.29 per ton, marking a low point for the year [3] - Cumulative exports from January to November reached 145,400 tons, representing a year-on-year increase of 15.36%, indicating that the overall export scale remains high. Despite the month-on-month decline in November, the absolute scale is still at a relatively good historical level, reflecting a stable demand foundation in overseas markets [3] - The decline in export prices aligns with the overall weakening of the global chemical market and intensified competition, showing that domestic companies are maintaining export competitiveness through pricing strategies [3] Import Data Analysis - In November 2025, China's anhydride imports showed a decline in both volume and price, with an import volume of 274.96 tons, a month-on-month decrease of 15.3% and a year-on-year decrease of 47.6%. The average import price was $1,023.83 per ton, reflecting a drop from previous periods [8] - Cumulative imports from January to November totaled 3,360 tons, down 6.3% from 3,586.5 tons in the same period of 2024. The significant reduction in import volume is primarily due to sufficient domestic supply and enhanced import substitution effects [8] - The sources of imports are highly concentrated, with South Korea accounting for 71% of total imports, followed by Taiwan at 27%, together making up over 98% of imports. The main receiving areas are concentrated in Guangdong and Shanghai [8]