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(ICIS) -- China’s 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), China’s 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.
China’s polyvinyl chloride (PVC) also fell 12% last month to 130.548 tonnes, while
exports surged by half to 35.978 tonnes.
mrcplast.com
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