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Chinas annual imports of plastics fell in March because of higher prices

April 26/2011

(ICIS) -- Chinas annual imports of plastics fell in March because of higher prices, which in turn, provided strong opportunities for exports, industry sources said on Tuesday. The country imports hundreds of thousand tonnes of polymers each month, but volumes of plastics taken in notably declined in March, while exports showed sharp year-on-year increases, according to data from China Customs. Export volumes, however, are significantly lower than imports.


It took in 3% less high density polyethylene (HDPE) in March at 357.077 tonnes, while its exports of the same product more than tripled to 21.663 tonnes, according to the data.


For linear low density polyethylene (LLDPE), Chinas imports fell 14% year on year to 234.881 tonnes, but its exports of the polymer nearly quadrupled to 4.677 tonnes.


Its low density PE (LDPE) imports slumped 45% year on year to 124.136 tonnes in March, while it shipped out 151% more LDPE at 7 KT.


PP import volume also slipped, down 9% at 339.240 tonnes in March, with a corresponding sharp increase in exports at 15.478 tonnes, nearly double the March 2010 levels, according to China Customs.


Chinas polyvinyl chloride (PVC) also fell 12% last month to 130.548 tonnes, while exports surged by half to 35.978 tonnes.


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