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South Koreas petrochemical exports jumped to USD 3.57 bln

July 25/2011

(ICIS) -- South Koreas 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.

Tags:PP, propylene, ethylene, neftehimiya.
Category:General News
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