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(ICIS) -- South Korea’s petrochemical
exports jumped 23.2% year on year to USD 3.57bn (EUR 2.50bn) in June, with the
strong growth likely to continue in July on the back of rising crude oil
prices, an analyst said on Monday.
Oil prices last month surged 30% year on year, prompting producers to
hike product prices, said Hong Chanyang, a petrochemicals industry analyst at
Seoul-based Shinhan Investment Corp.
Overseas shipments of ethylene from South Korea surged 41.5% year on year
to 79,356 tonnes in June, while exports of polypropylene (PP) soared 40% to
85,798 tonnes, data from Korea International Trade Association (KITA)
showed.
Exports of propylene jumped 89.5% year on year to 78,840 tonnes in June,
while shipments of paraxylene (PX) rose 66.3% to 149,446 tonnes, the data
showed.
mrcplast.com
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